Al Razouki Intl Exchange Co (LLC) an ITL Group Company popularly known as “Al Razouki” amongst the expatriates / tourists was promoted in the year 1981 by a group of leading business magnates of UAE / NRIs. The Company had the privilege of having been inaugurated by H.E.Shaikh Hamdan Bin Rashid Al Maktoum, Minister of Finance & Industry, UAE on 24.08.1981. 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 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.
Credentials. The Company is managed by a board and fully professionalized. The Company is having a unique Correspondent Banking arrangement with Canara Bank, India, under which the Company can draw Demand Drafts on any of the more than 2500 branches of Canara Bank in India and on the London branch of Canara Bank. Al Razouki has entered into an agreement with South Indian Bank Ltd, Federal Bank Ltd, Andhra Bank, Syndicate Bank, Lord Krishna Bank Ltd in India. Al Razouki is also having Remittance Drawing Arrangement with a host of banks in Sri Lanka, Philippines, and UK besides engaging in currency exchange activities. Al Razouki is one of the Agents of Western Union Money Services. The Company has introduced “SMART CARD”- a privilege card to its customers. It is a customized card having all the details of the remitter as well as the beneficiary stored in the database of the Company. ‘SMART CARD’ holders are given the privilege of ‘concession in commission with remittances’.
• Demand Drafts. • Bank to Bank Transfers. • Mail Transfers. • Fast Remittances by Electronic Transfers- Credit to accounts with Banks within 24 hours. • Door to Door Services. • Western Union Money Transfers- Send money-Receive money worldwide in minutes. • Remittances to India, Sri Lanka, Philippines, USA, London, Bahrain and Qatar. • Currency Exchange.