Bank Albilad ( ar, بنك البلاد) is an Islamic Saudi bank established in 2004.

History

Bank Albilad is a Saudi joint stock company,

headquartered Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top ...

in Riyadh. In May 2022 its shareholders approved an increase in capitalization to 10 billion Saudi Riyals through a 1-for-3 issue of shares. Enjaz Banking Services is the remittance department of Bank Albilad. In February 2021, Nasser Mohammed Al-Subeaei was appointed chairman of the board of directors and Fahd Abdullah Bindekhayel as Vice Chairman.

Services

Bank Albilad offers sharia compliant products and services. The bank provides retail banking products, business products, investment products through the bank investment arm “Albilad Capital ”, international remittance services through the bank Remittance Arm “Enjaz ”.

Board of Directors

* Nasser bin Mohammed Al-Subeaei. (Chairman of the Board of Directors) * Adeeb Mohammed Abanumai. (Vice Chairman of the Board) * Zeyad Othman Alhekail. (member) * Abdulaziz Mohammed AlOnaizan. (member) * Khalid Abdul Rahman AlRajhi. (member) * Haitham Sulaiman AlSuhaimi. (member) * Nasser Sulaiman Abdullah AlNasser (member) * Mohammed Abdulrahman Abdulaziz AL Rajhi (member) * Haitham Mohammad Abdulrhman Alfayez (member) * Muadh Abdulrahman Hasan Alhusaini (member)

Sharia Committee Members

* His Eminence Sheikh: Prof. Dr. Abdullah Al-Ammar * His Eminence Sheikh: Dr. Mohammed Al-Osaimi * His Eminence Sheikh: Prof. Dr. Yousef Al-Shubaily

Objective and Market focus

The objective of Bank Albilad is to provide all Islamic Sharia compliant banking services. The bank has, as part of its organizational structure, a Sharia Department to be in charge of the follow-up and monitoring of the implementation of the Sharia decisions issued by the Sharia Committee.

References