Cham Bank
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Cham Bank
Cham Bank ( ar, بنك الشام) is the first Islamic bank to be established in Syria. It started operations in 2007. The Bank's operations and activities are supervised by the Central Bank of Syria. Objectives of the bank Cham Bank works to achieve an increase in the growth of returns, as this benefits customers and shareholders, as it works to ensure the safety and development of the banking system through the application of effective banking supervision and contribute to strengthening the base of deposits and investing them in various economic sectors under the frameworks of Islamic Sharia, and providing advanced banking services, products and facilities, and marketing it with high quality in accordance with the principles of Islamic Sharia for all customers, individuals and institutions that meet their needs and exceed their expectations. Board of Directors The Board of Directors consists of the following persons: * Ali Yousef Al -Awadi, Chairman of the Board * Ahmed Nabi ...
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Bank Alcham Alislami
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Hama
, timezone = EET , utc_offset = +2 , timezone_DST = EEST , utc_offset_DST = +3 , postal_code_type = , postal_code = , area_code = Country code: 963 City code: 33 , geocode = C2987 , blank_name = Climate , blank_info = BSk , website = , footnotes = , name = Hama ( ar, حَمَاة ', ; syr, ܚܡܬ, ħ(ə)mɑθ, lit=fortress; Biblical Hebrew: ''Ḥamāṯ'') is a city on the banks of the Orontes River in west-central Syria. It is located north of Damascus and north of Homs. It is the provincial capital of the Hama Governorate. With a population of 854,000 (2009 census), Hama is the fourth-largest city in Syria after Damascus, Aleppo and Homs. The city is renowned for its sev ...
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Banks Established In 2006
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Of Syria
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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List Of Banks In Syria
This is a list of banks in Syria. Central bank * Central Bank of Syria Local banks Public * Commercial Bank of Syria * Industrial Bank of Syria * Agricultural Cooperative Bank * Popular Credit Bank * Real Estate Bank * Saving Bank Private and foreign * Bank of Syria and Overseas * Banque Bemo Saudi Fransi * Byblos Bank * Popular Credit Bank * Syria Gulf Bank * Bank Audi * The International Bank for Trade & Finance * Arab Bank * Qatar National Bank Islamic banks * Syria International Islamic Bank * Cham Bank * Al-Baraka Bank Syria See also * Banking in Syria * List of banks in the Arab world {{Asia topic, List of banks in Syria Banks Banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ... * Syria ...
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Banking In Syria
Banking in Syria is controlled by the Central Bank of Syria which also controls all foreign exchange and trade transactions. All commercial banks in Syria were nationalised in 1966. The Central Bank gives priority to lending to the public sector, while the private sector often banks abroad, a process that is more expensive and therefore a poor solution to industrial financing needs. Many business people travel abroad to deposit or borrow funds. It is estimated that US$6 billion has been deposited by Syrians in Lebanese banks. Reforms in the financial sector commenced in the 2000s, including the introduction of private banks and granting licences to foreign banks. However, Syria’s economy is still highly regulated. Foreign banks, for example, are required to be joint-ventures, and allowed up to 49% foreign ownership, and not hold a controlling stake.
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Economy Of Syria
Syria's economic situation has been turbulent and their economy has deteriorated considerably since the beginning of the Syrian civil war, which erupted in March 2011.CIA World Fact Book – Syria's Economy
Cia.gov.


History


Post independence

Since Syria became independent in 1946, the economy has undergone widespread structural change. Although the presence of the
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Daraa
Daraa ( ar, دَرْعَا, Darʿā, Levantine Arabic: , also Darʿā, Dara’a, Deraa, Dera'a, Dera, Derʿā and Edrei; means "''fortress''", compare Dura-Europos) is a city in southwestern Syria, located about north of the border with Jordan. It is the capital of Daraa Governorate, historically part of the ancient Hauran region. The city is located about south of Damascus on the Damascus–Amman highway, and is used as a stopping station for travelers. Nearby localities include Umm al-Mayazen and Nasib to the southeast, Al-Naimah to the east, Ataman to the north, al-Yadudah to the northwest and Ramtha, Jordan to the southwest. According to the Syrian Central Bureau of Statistics, Daraa had a population of 97,969 in the 2004 census. It is the administrative center of a ''nahiyah'' ("sub-district") which contains eight localities with a collective population of 146,481 in 2004. By the 3rd-century, it gained the status of a ''polis'' (self-governed city). Roman historian E ...
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Tartous
) , settlement_type = City , image_skyline = , imagesize = , image_caption = Tartus corniche  Port of Tartus • Tartus beach and boulevard  Cathedral of Our Lady of Tortosa • Al-Assad Stadium  Citadel of Tartus , image_seal = Emblem of Tartus.svg , seal_size = 60px , mapsize1 = TarusSeadefence.jpg , pushpin_map = Syria#Mediterranean east#Asia , pushpin_label_position = bottom , pushpin_mapsize = 250 , pushpin_map_caption = Location in Syria , pushpin_relief = 1 , subdivision_type = Country , subdivision_name = , subdivision_type1 = Governorate , subdivision_name1 = Tartus Governorate , subdivision_type2 = District , subdivision_name2 = Tartus District , subdivision_type3 = Subdistrict , subdivision_name3 = Tartus Subdistrict , leader_title = Governor , leader_name = Abdel Halim Khalil , estab ...
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Lattakia
, coordinates = , elevation_footnotes = , elevation_m = 11 , elevation_ft = , postal_code_type = , postal_code = , area_code = Country code: 963 City code: 41 , geocode = C3480 , blank_name = Climate , blank_info = Csa , blank_name_sec2 = International airport , blank_info_sec2 = Bassel Al-Assad International Airport , timezone = EET , utc_offset = +2 , timezone_DST = EEST , utc_offset_DST = +3 , blank1_name = , blank1_info = , website eLatakia, footnotes = Latakia or Lattakia ( ar, ٱللَّاذْقِيَّة/ ٱللَّاذِقِيَّة, '; Syrian pronunciation: ) is the principal port city of Syria and capital city of the Latakia Governorate located on the Mediterranean coast. Historically, it has also been kno ...
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Homs
Homs ( , , , ; ar, حِمْص / ALA-LC: ; Levantine Arabic: / ''Ḥomṣ'' ), known in pre-Islamic Syria as Emesa ( ; grc, Ἔμεσα, Émesa), is a city in western Syria and the capital of the Homs Governorate. It is Metres above sea level, above sea level and is located north of Damascus. Located on the Orontes River, Homs is also the central link between the interior cities and the Mediterranean coast. Before the Syrian Civil War, Homs was a major industrial centre, and with a population of at least 652,609 people in 2004, it was the third-largest city in Syria after Aleppo to the north and the capital Damascus to the south. Its population reflects Syria's general religious diversity, composed of Sunni and Alawite Muslims, and Eastern Christianity, Christians. There are a number of historic mosques and churches in the city, and it is close to the Krak des Chevaliers castle, a World Heritage Site. Homs did not emerge into the historical record until the 1st century BCE a ...
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Aleppo
)), is an adjective which means "white-colored mixed with black". , motto = , image_map = , mapsize = , map_caption = , image_map1 = , mapsize1 = , map_caption1 = , pushpin_map = Syria#Mediterranean east#Asia#Syria Aleppo , pushpin_label_position = left , pushpin_relief = yes , pushpin_mapsize = , pushpin_map_caption = Location of Aleppo in Syria , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = Governorate , subdivision_type2 = District , subdivision_type3 = Subdistrict , subdivision_name1 = Aleppo Governorate , subdivision_name2 = Mount Simeon (Jabal Semaan) , subdivision_name3 = Mount Simeon ( ...
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