Bank Aljazira Company Profile - Bank AlJazira (BAJ) is a Joint Stock Company incorporated in the Kingdom of Saudi Arabia. • Offering tailored products and services. It operates within the Banks sector focusing on Diversified Banks. In promoting its image as a multi-specialist Shari’ah-compliant Bank, BAJ has been able to effectively communicate its new market positioning and comprehensive range of products and services. Bank Aljazira JSC is a Saudi Arabia-based joint stock company engaged in the provision of Sharia compliant banking products comprising of Murabaha, Istisnaa, Ijarah and Tawaraq. A Cayman Islands based company formed to carry out Shariah compliant derivatives and capital market transactions. Through many programs, BAJ successfully promoted family welfare by sponsoring a huge number of productive family projects and cultural events. BAJ was the first banking institution in Saudi Arabia to introduce Takaful Ta'awuni (TT) in 2002 as a full-fledged Shari'ah-compliant alternative solution for the traditional life insurance. Bank AlJazira Company Profile. Description Bank AlJazira provides a range of Shari'ah compliant banking products and services for individuals, corporates, small to medium sized businesses, and institutions in the Kingdom … BAJ is a Joint Stock Company incorporated in the Kingdom of Saudi Arabia and formed pursuant to Royal Decree No. Hill International to Provide Project Management for Bank Aljazira Project, Supporting Saudi Arabia National Vision 2030 PHILADELPHIA and RIYADH, Saudi Arabia, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Hill International, the global leader in managing construction risk, announced that it has received a three-year contract from Bank … ORD. To be recognized as the best sharia compliant bank in Saudi Arabia, providing sharia compliant products for our chosen business segments. As the first bank in Saudi Arabia, BAJ started in 2009 the implementation process of the ISO certification program on its operations to ensure adoption of best practices on the services provided to its external and internal clients. Bank Aljazira engages in the provision of Shariah compliant financial and banking services. Support Drives IDRs: Bank Aljazira’s (BAJ) Issuer Default Ratings (IDRs) reflect a high probability of support from the Saudi Arabian authorities. Acting as an agent for bancassurance activities on behalf of the bank. In 2009, TT was again awarded the “Life Insurer of the Year” award by the Middle East Insurance (Insurex) for the 3rd consecutive year, adding to the great number of awards the organization has been awarded from various international and local bodies. Box 6277 Jeddah 21442, Telephone: +966 12 609 8888 – Fax +966 12 609 8881, National Address: Bank … To ensure compliance with Shari'ah principles, BAJ established a Shari'ah department within its organic structure and formed a Shari'ah Advisory Board (SAB) composed of a number of scholars specialized in Islamic Banking to screen, monitor and endorse Bank's operations and spread-wide the Shari'ah principles throughout the working environment. Since then, a number of its operational areas have received certification and all efforts are on-going to ensure all the other operational areas will be ISO certified by the mid of 2010. Notable among such remarkable achievements was the doubling of BAJ's retail network in 2009 from 24 branches to 94, resulting in attracting new customers and serving the existing ones better through its expansion to new areas throughout the Kingdom. Bank Al Jazira Company profile Saudi Arabia . 46/M dated Jumad Al-Thani 12, 1395H (i.e. Bank Aljazira engages in the provision of Shariah compliant financial and banking services. Also, all BAJ's delivery channels were significantly enhanced including BAJ's online banking, telephone banking, and credit card offerings. Bank Aljazira JSC is a Saudi Arabia-based joint stock company engaged in the provision of Sharia compliant banking products comprising of Murabaha, Istisnaa, Ijarah and Tawaraq. Bank AlJazira, A Saudi Joint Stock Company, Fully paid capital SAR 8,200,000,000, Commercial Registration No: 4030010523, Head office: Jeddah – Saudi Arabia, P.O. Contact information for Bank Al Jazira Address. In 1998, BAJ's Board of Directors took a strategic decision to convert the Bank from conventional banking into Shari'ah-compliant banking. Bank AlJazira (BAJ) is a Joint Stock Company incorporated in the Kingdom of Saudi Arabia and formed pursuant to Royal Decree number 46/M dated Jumad Al-Thani 12, 1395H (June 21, 1975). BOX 6277 JEDDAH-21442, SAUDI ARABIASWIFT: BJ … ... AJ’s Viability Rating (VR) is highly influenced by the bank’s limited company profile, but also considers its vulnerable asset quality and weak funding profile… BAJ began a restructuring process in 1992 with subsequent increases in capital in 1992 and 1994. In 2006, BAJ launched its program " Khair Aljazira Le Ahl Aljazira " with 100 million SR fund in support of BAJ's social responsibility towards the community. SectorFinancial. Since then, BAJ has been implementing a range of activities designed to support the community. BAJ started then to cultivate the results of its strategic conversion into Shari'ah-compliant banking and service excellence approach, and achieved progressive growth, remarkable market image and presence, which was mainly due to its continuing efforts to improve. Since then, TT proved itself as a market leader and has been growing fast to satisfy clients' needs. Bank Al Jazira Company - Business Profile with Financial and SWOT Analysis provides access to trustworthy data on the company and its performance, presenting an all-around view. A new management team was appointed in 1993 to continue the restructuring effort. Its services include personal banking, corporate banking, investment banking, private banking, … BAJ with its consistent endeavors succeeded in turning all its branches in 2002 to operate as per Shari'ah rules and principles. 2009 could best be described as a year for building a foundation for BAJ's future growth and diversification of its offerings, a period in which great progress was made in equipping the Bank and its employees with the capabilities to take full advantage of the opportunities that lie ahead. BAJ, within this endeavor, is looking forward to enhancing the level of confidence and trust of its customers. BAJ commenced its business on Shawwal 16, 1396H (i.e. Based in Jeddah, Company was formed as an SPV to facilitate mortgage financing, and to hold and manage real estate collaterals on behalf of the bank. It operates within the Banks sector focusing on Diversified Banks. The Bank Al-Jazira brand valuation has featured in 9 brand rankings, including the biggest Saudi Arabia brands and the best Banking brands. Bank Aljazira Profile Request Company Profile Update. See Naif Al Abdulkareem's compensation, career history, education, & memberships. Equity Type. To better serve corporate customers, BAJ has set up Corporate Regional Offices in Riyadh, Jeddah, and Dammam to provide a one-stop service with a dedicated team of experts and a full range of products. Brand Finance has calculated the brand value of the Bank Al-Jazira brand 7 times between 2008 and 2020. TT underwent dynamic improvements in infrastructure, offerings, and resources. AJC also reinstated its sell-side research capacity by introducing a best-of-breed array of economic, technical, company, and sector reports. • Offering exceptional client service. Its services include personal banking, corporate banking, investment … The Personal … Bank AlJazira, A Saudi Joint Stock Company, Fully paid capital SAR 8,200,000,000, Commercial Registration No: 4030010523, Head office: Jeddah – Saudi Arabia, P.O. Bank Al Jazira … Bank Al-Jazira attracts deposits and offers commercial banking services. As a result, the bank became profitable in 1997. BAJ has been providing financial assistance to various charitable societies, launching apprenticeship programs to train young Saudi men and women; thus providing them with working opportunities, and sponsoring programs to train the handicapped, blind and deaf. Activity : Bank Aljazira is a public company, listed on Saudi Stock Exchange “Tadawul” (TDWL) since January 1993. Bank Aljazira JSC operates in the Commercial Banks sector. Bank … 1020.SA - key executives, insider trading, ownership, revenue and average growth rates. HEAD OFFICE,KING ROAD,P.O. Basic Information. Bank Aljazira's … Box 6277 Jeddah 21442, Telephone: +966 12 609 8888 – Fax +966 12 609 8881, National Address: Bank … AJC has maintained its market leadership position in the Saudi share trading market over the last seven years. The Bank … Credit Ratings, Research and Analysis for the global capital markets. Bank Al-Jazira attracts deposits and offers commercial banking services. Bank Al-Jazira attracts deposits and offers commercial banking services. AlJazira Online offers a range of new outstanding financial electronic services for Bank AlJazira customers that includes the financial position of the customer, alerts service, defining favorite … This is the greatest challenge that any traditional bank can take as it requires mass changes to its infrastructure, offerings, legal environment, staff potentials, corporate values, etc. The Bank offers lease financing, export financing, foreign exchange services, treasury services, business and … The SAB includes Sheikh Abdulla Bin Suleiman Al-Mane'e as the SAB Chairman, Dr. Abdulla Bin Mohammed Al-Mutlaq as the Vice Chairman, Dr. Fahad Al-Elayan as the SAB Rapporteur, with the memberships of Dr. Mohammed Ali El-Gari, and Dr. Abdulsatar Abu-Ghuddah. Bank Aljazira JSC is a Saudi Arabia-based joint stock company engaged in … July 27, 1976) issued in Jeddah. IndustryRegional Banks. 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