Al Rajhi Bank Tops Global Islamic Banking Rankings at End-March 2026
According to the latest rankings released by First Bank, Al Rajhi Bank ranked first among the world’s 20 largest Islamic banks at the end of March 2026.
The bank’s total assets reached $280.11 billion at the end of March 2026, compared to $278.15 billion at the end of 2025, representing a 0.7% quarter-on-quarter growth rate.
The ranking was based on the size of reported assets denominated in U.S. dollars, providing a standardized comparison tool among Islamic banking institutions. Banks lacking officially disclosed financial data were excluded from the ranking to ensure the accuracy and reliability of the methodology.
The ranking covered parent banking groups across various Arab countries and did not include their foreign subsidiaries.
In addition to asset growth, Al Rajhi Bank delivered a strong financial performance during the current year. Net profit rose to $1.80 billion in the first quarter of 2026, compared to $1.58 billion during the same period in 2025, marking a 14.4% increase.
Income from financing and investment activities surged by 18.4%, reaching $2.24 billion in the first quarter of 2026, up from $1.89 billion in the corresponding period of 2025.
Banking service fees increased to $427.21 million during the first three months of 2026, compared to $365.96 million in the same period of 2025, reflecting a 16.7% growth rate.
Customer deposits grew by approximately 1.7% during the first quarter of the year, reaching $180.85 billion at the end of March 2026, compared to $177.91 billion at the end of 2025.
Net financing increased to $200.83 billion at the end of March 2026, compared to $200.69 billion at the end of 2025, representing a 0.1% quarter-on-quarter growth rate.
Meanwhile, shareholders’ equity rose to $40.67 billion at the end of March 2026, compared to $38.10 billion at the end of 2025, reflecting a 6.7% quarter-on-quarter increase.
