IIUM Journal of Case Studies in Management: Vol. 2 No 2: 27-34, 2011 Khaliq Ahmad* International Islamic University Malaysia Mohd. Mustafa Omar International Islamic University Malaysia Abstract: Al-Rajhi Bank, from Saudi Arabia, is making its presence felt in the Malaysian market with the establishments of many branches throughout the country, providing its products and services to the competitive Islamic banking segments in the local market. It has proven itself to be effective and efficient in its services while declaring lucrative profits by the year end - 2011, that is an increase of 26%. Carefully monitored by its own Shariah Board it has not only inculcated Islamic values in its products and services but has also stressed on adherence to the Islamic code of conduct by the members of its management teams, the people behind its many successes and accomplishments. The bank is professionally managed according to its vision, mission and values. INTRODUCTION The Malaysian Islamic banking and finance industry added another feather to its cap by opening its market space to foreign Islamic banks. Besides other interested foreign banks, Al-Rajhi took the bold decision to test its success back home to venture into an international market. A brief explanation follows about the origins of the Al Rahji bank. The Al Rajhi bank started in 1978 as a banking and trading establishment and subsequently merged into an entity called ‘Al Rajhi Trading and Exchange Corporation.’. In 1987, it was converted into a joint stock company under the Saudi Royal Decree No. 59. Later, the company was renamed Al-Rajhi Banking and Investment Corporation under Ministerial Decision No. 1398, and renamed again in 2006 as Al Rajhi Bank. Al-Rajhi belongs to the Al-Rajhi family, Saudi Arabia’s wealthiest non royals and the world’s leading philanthropists. The shareholding pattern of Al Rajhi shows that the four sons of Abdul Aziz Al Rajhi (Saleh, Sulaiman, Abdullah and Mohammed) and their heirs remain the corporation’s primary equity holders. Al-Rajhi Bank: Setting an Ummatic Vision of International Management Case Study 4 ISSN 2180-2327 * Correspondence author: Khaliq Ahmad, Email: khaliqahmad@iium.edu.my