Inauguration of our Bank.
Who Are We
Al Taif Islamic Bank was established as a limited liability financial
company with a nominal capital of (85,000 USD) as per the incorporation certificate no. Msh 2392 dated 2006/1/8,
issued by the of companies registration department in accordance with the provisions of Article no. 21 of the
Companies Law No. 1997 /21 amended.
Turned to a private joint stock company with a capital of (420,000 USD) upon the above department›s letter ‹s no. 10461 dated 2006/7/19
A Period of Major Growth.
2012 was a revolutionary year for Al Taif, as we saw a major increase in the use of our remittance
services and a massive expansion in our business model. Al Taif grew to be one of the largest money
transfer companies in the Middle East, and our service in the market was unparalleled.
Multiple major deals were significant milestones for our company. In particular, Al Taif expanded its
services in a new agreement with Alansari Exchange that would make Al Taif’s money transfer services
accessible to a myriad of new locations.
Continued investor interest in our company allowed for near-limitless capital to fund our ambitious
ventures to create frameworks and systems unique to Al Taif, creating a brand that is today known for
its exceptional customer service, transparent operations, and ease of use in its transactions.