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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.
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