Aljazira Capital is a Shariah-compliant company owned by Bank Al Jazira. It offers dealing, underwriting, managing, arranging, advisory, and custody services. The company recorded $2.7 billion in assets under management in Q1 2022. In July 2022, Aljazira Capital acted as the financial advisor, bookrunner, lead manager, and underwriter for the IPO of the Naqi Water Company. The company was also appointed as the financial advisor, bookrunner, lead manager, and underwriter for the rights issue offering to increase the capital of Wafrah for Industry and Development.