Al Razouki International Exchange Company L.L.C., Al Razouki International Exchange Company L.L.C., Remitance to India, Sri Lanka, Philippines, Bangladesh, Nepal, Pakistan, Bahrain, UK, USA

The Company was established for facilitating remittances to India and over the years it has grown to the stage of being a leading financial remittances service provider in the UAE. Over the last 25 years, Al Razouki has achieved enviable progress in the service delivery capabilities. Al Razouki is one of the most preferred Exchange Companies by expatriates for remittances. Presently the Exchange House caters to the remittance needs to India, Sri Lanka, Philippines, Bangladesh, Nepal, Pakistan, Bahrain, UK, USA and other prominent countries. It is the vision of the management to lead Al Razouki to take the role of a ONE STOP REMITTANCE SUPERMARKET in the days to come.

Al Razouki has in its Board of Directors Mr. Abdul Razak Abdul Aziz Al Mutawa - a prominent UAE National with active interest in Civil Construction Industry and a leading businessman of Dubai as Chairman. Mr Murij Manghnani, - a leading NRI of UAE and presently Chairman of the famous ITL Group – Cosmos as Vice-Chairman. Mr.Mohammed Sharif Mohammed Hadi Al Hadi, - a prominent UAE National and Ex-Executive of UAE Central Bank and presently a leading businessman and Dr. Ram Buxani - a leading NRI of UAE and Executive Vice-Chairman of the famous ITL Group – Cosmos and Director in the Board of Indusind Bank Ltd, India as Directors.

The Company is Board Managed and fully professionalized. General Manager is the Key Person looking after the affairs of the company with directions of the board. General Manager (Executive from Canara Bank) and the Branch Managers are deputed from Canara Bank. At present following are our correspondent Banks in India -

1) Canara Bank
2) South Indian Bank Ltd
3) Federal Bank
4) Syndicate Bank
5) Centurion Bank of Punjab
6) InduSind Bank
7) Indian Overseas Bank

Al Razouki is also having Remittance Drawing Arrangement with a host banks in

1) Srilanks - a) Bank of Ceylon b) Peopoes Bank c) Commercial Bank of Ceylon
2) Philippines - a) Metro Bank b) Land Bank
3) Nepal - a) Everest Bank
4) UK (Canara Bank London) besides engaging in currency exchange activities.

Al Razouki is one of the Agents of Western Union Money Services. Under this arrangement money can be sent / received within minutes worldwide. It is also having Agency of Xpress Money.

The Company has introduced “SMART CARD” a privilege card to its customers. It is a customized card having all the details of remitter as well as the beneficiary stored in the data base of the Company. ‘SMART CARD’ holders will get a concession of AED 1 in commission for every remittance.

The Company’s Head Office is housed in Al Raffa Burdubai. Presently it has 12 branches in various Emirates of UAE viz Deira (Tel 2267582), Karama (Tel 3378216), Al Qusais (Tel 2615578), Hor Al Anz (Tel 2694636), Jebel Ali (Tel 8815238) Al Raffa (Tel 3933909) in Dubai, Sharjah (Tel 5624129) and Abu Dhabi (6210308) Ajman (067426449) Alquoz (3411187) Sharjah Indl Area (Tel 065351938) and Ajman Indl Area (Tel 067484538). The Company has made rapid strides in business due to the excellent customer service and customer care provided all through these years since inception.