KUALA LUMPUR, Feb 2 (Bernama) -- Al Rajhi Bank announced the appointment of
Azrulnizam Abdul Aziz as Chief Executive Officer of Al Rajhi Bank (Malaysia),
the wholly owned subsidiary of Al Rajhi Bank (Kingdom of Saudi Arabia).
"We are very pleased to appoint Azrulnizam as Chief Executive Officer of Al
Rajhi Bank (Malaysia)," said Mr Abdullah Al Rajhi, Group CEO, Al Rajhi Bank
(KSA), in a statement released on Feb 2.
Azrulnizam, 41, holds a Bachelor of Business Administration-Marketing from
Wichita State University, Kansas and a Master of Business
Administration-International Business from University of Hartford, Connecticut,
USA, and completed a leadership programme from Oxford University, United
Kingdom.
Prior to joining Al Rajhi Bank, Azrulnizam was the Chief Executive Officer of
Standard Chartered Saadiq Bhd (Malaysia), Standard Chartered’s wholly-owned
Islamic banking subsidiary. He brings with him over 11 years of extensive
knowledge and experience in Islamic banking and finance.
“Azrul is one of the most capable leaders in the industry and we are confident
that his appointment will significantly enhance Al Rajhi Bank’s ability to
provide excellence to our customers and to compete even more effectively in the
market. Al Rajhi Bank has carved out a strong position as an innovative
alternative in the industry, and having made considerable progress over the past
few years, is strategically well-positioned for growth”, he added.
With 23 branches in Malaysia and growing, Al Rajhi Bank’s presence is now
extended to Kuwait and Jordan.
About Al Rajhi Bank
Al Rajhi Bank, the largest Islamic banking group in the world is recognised for
being instrumental in bridging the gap between modern financial demands and
intrinsic Islamic values. One of the fastest growing and most progressive banks
in Saudi Arabia, it owes its banking excellence to its unwavering commitment to
Shariah principles and the use of technology to offer diverse products to meet
customer needs. The Group has a vast network of over 700 bank branches and
remittance centres, 2,750 ATM machines and over 21,000 POS installed throughout
the Kingdom.
Leveraging on its established principles and operations in the Middle East, Al
Rajhi Bank ventured out as an international bank by setting up its first
overseas operations in Malaysia, launched in February 2007. Operating on the
same platform as the home bank, Al Rajhi Bank Malaysia extensively uses the
latest banking technology to consistently provide customers with speed and
convenience in banking. To date, it has 23 branches, 15 in the Klang Valley, one
in Johor Bharu, Melaka, Penang, Kuching, Kota Bharu, Ipoh, Kuantan and Kota
Kinabalu respectively. Plans are in the way to open a few more this year. Al
Rajhi opened it Affluent Banking flagship branch in Menara BRDB in Bangsar in
2010 to cater to its high net worth customers. Offsite ATMs are now located in
many locations throughout Malaysia, with KLIA and LCCT ATMs deployed in July
this year. Its remittance business, Money Transfer i-Tahweel (“i-Tahweel”) is
currently available at its i-Tahweel Centres in Melaka, Klang and Central
Market. The services are also offered through any Al Rajhi Bank branch
nationwide.
The bank is expanding its suite of products and services that currently offers
customised corporate and investment banking products which include amongst
others project financing, term financing, working capital financing, trade
finance facilities and cash management services. The Retail banking products
includes Savings Account-i, Current Account-i, Personal Financing-i, Charge
Card-i, Debit Card-i, Fixed Term Investment-i, Money Transfer i-Tahweel,
Automobile Financing-i, Home Financing-i, Structured Home Financing-i and the
award winning Al Musafir Card-i. As of April 2011, Al Rajhi has a customer base
over 130,000 and the number is steadily growing.
Al Rajhi Bank has been recognised with the following awards:
· Financial Insights Innovation Award 2008 (FIIA)
Special Citation for Islamic Payment Switch (IPS) for Al-Musafir Card-i
· KLIFF Islamic Finance Awards 2010
Most Outstanding Islamic Bank
· Islamic Finance news Awards 2010
- Malaysia Deal of the Year - Cagamas Sukuk ALIm
- Best Retail Islamic Bank
· 2010 IFR Asia Awards
Islamic Deal of the Year Award - Cagamas Sukuk ALIm
· Financial Insights Innovation Award 2011 (FIIA)
Product Innovation (Islamic Banking Product) - Cagamas Sukuk ALIm
· Aon Hewitt Best Employers in Malaysia 2011
· Aon Hewitt Best Employers in APAC 2011
· RAM League Awards 2011
- Lead Manager Award Islamic 2010 Programme Value (2nd)
- Malaysian Innovation of the Year - Cagamas Sukuk ALIm
- Industry Recognition Award
· The Asset Triple A Islamic Finance Awards 2011
- Islamic Deal of the Year for Cagamas one billion ringgit Sukuk Al-Amanah Li
Al-Istithmar
- Best Islamic Deal, Malaysia for Cagamas one billion ringgit Sukuk Al-Amanah
Li Al-Istithmar
· KLIFF Islamic Finance Awards 2011
Most Outstanding Islamic Bank
(as at December 2011)
Image accompanying this release can be viewed at:
http--mrem.bernama.com-photo-19038.jpg
SOURCE: AL-RAJHI BANK
FOR MORE INFORMATION PLEASE CONTACT:
NAME : MS ROSETA MOHD JAAFAR
VICE PRESIDENT – CORPORATE COMMUNICATIONS
DIRECT LINE : 03 2301 7038
MOBILE : 019 240 9422
EMAIL : roseta-mohd.jaafar@alrajhibank.com.my
-- BERNAMA
