Aljazira Bank's experience in the transformation to Islamic finance

Authorship: Al Rajhi Group in Bank Aljazira Binding: Cardboard Parts: One Paper: Shamooh Size: 17×24 Overview: A pioneering experience in the field of transforming traditional banks into Islamic banks, conveyed by Bank Aljazira to traditional banks and financial institutions wishing to transition to Islamic finance, paving the way for other financial institutions to take steady steps towards Islamic banking. This study focused on monitoring the development of Islamic finance, particularly in the Kingdom of Saudi Arabia, and on defining the philosophical and practical framework of the Islamic finance industry and exploring its future, with an emphasis on studying, analyzing, and presenting Bank Aljazira’s experience in transitioning to Islamic finance, its stages, methods, challenges faced, ways to overcome and surpass them, features of benefit from this experience, and the anticipated future resulting from it. It is hoped that the results of this study will benefit traditional banks and financial institutions wishing to convert to Islamic finance, and that the study will assist researchers and research centers in identifying new information in this field.