Alinma Bank Named Most Innovative for 2018

In recognition of Alinma Bank’s pursuit of the best banking services for its partners, Cambridge IFA – one of the world's leading financial advisory firms – presented Alinma with its “Most Innovative Islamic Retail Bank in the World 2018” award at the 4th Islamic Retail Banking Awards (IRBA), held recently in Dubai, UAE.

Speaking about the award, Alinma Bank CEO, Mr. Abdulmohsen Al-Fares, expressed his appreciation and stressed the bank's determination to maintain its position as a leader in the provision of modern, exemplary, Shariah-compliant banking products and services.


Said Al-Fares: "Alinma Bank will continue striving to meet the needs and aspirations of Alinma partners.  And thanks to the bank’s application of the latest in banking technology, and thanks to the quality and commitment of its staff, Alinma is well positioned to succeed in achieving its vision of being the preferred financial partner for all.”


Alinma Bank has consistently innovated in Saudi Arabia, being first to market with such solutions as contactless (NFC) ATM withdrawals, coin deposit machines, electronic channel services for the blind and sight-impaired, automated safe deposit boxes, instantly issued smartchip cards in-branch, and the launch of Alinma Shariah Publications, a smart device application that contains much of Alinma’s original research on Shariah issues related to banking and finance.


Alinma Bank has been recognized for its technological excellence, and recently won the “Best Information Transformation” award at the IDC CIO 2018 Awards. The award highlighted the bank’s implementation of an “Active-Active” data center model, which has dramatically improved the reliability of its internet banking services and other systems that are key to partner satisfaction.


 In addition, Alinma Bank  today has 156 branches and more than 1400 ATMs across the kingdom.  24/7 self-service banking is also available via Alinma Internet (, Alinma Phone (8001208000), Alinma Mobile (WAP), and the Alinma Smart Gate suite of applications for smart devices.