Personal Banking > Islamic Banking
 
   Islamic Banking
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Having access to banking products which are Shari'a compliant is important for many people in the Kingdom and beyond. This is why Riyad Bank has designed a special line of Islamic products and services, ranging from everyday banking transactions to loans and investment for personal and business customers.

Islamic Banking:

Islamic Banking Management is professional and responsible body for extending appropriate solutions and consultations for planning, following-up execution and developing Islamic banking activities in coordination with the relevant bodies in accordance with the strategic trends and business plans planned for the Bank. In addition to developing and offering banking products and services which are Shari'a compliant, following-up implementation by the assistance of pioneer professionals in addition to marketing the same in collaboration with businesses managements related to Bank customers.

Shari’a Committee of Islamic Banking:

An independent Shari’a Committee consists of respectful scholars entrusted with revising and supervising the works of Islamic banking of the Bank to verify that they comply with the Shari’a. The Shari’a Committee states the Shari’a judgment on the Islamic products and services submitted to it and to render Shari’a opinions and decisions on them.

The Shari’a Committee in Riyad Bank consists of:
  • Sheikh/ Abdullah Sulaiman Al-Menaea, Head of the Committee.
  • Sheikh Dr. Abdullah Mohammed Al-Motlaq, member.
  • Sheikh Dr. Mohammed Ali Al-Qari, member.