Cham Bank ( ar, بنك الشام) is the first

Islamic bank Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics ...

to be established in Syria. It started operations in 2007. The Bank's operations and activities are supervised by the

Central Bank of Syria The Central Bank of Syria (CBS; ar, مصرف سورية المركزي, translit=Masrif Suriat Almarkazi) is the central bank of Syria. The bank was established in 1953 and started operations in 1956. Its headquarters are in Damascus, with 11 ...

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 Islam (; ar, ۘالِإسلَام, , ) is an Abrahamic monotheistic religion centred primarily around the Quran, a religious text considered by Muslims to be the direct word of God (or '' Allah'') as it was revealed to Muhammad, the mai ...

Sharia Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a part of the Islamic tradition. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam, particularly the Quran and the H ...

, 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 Nabil Muhammad Rafiq Al -Kuzbari, Vice-Chairman of the Board * Tariq Farid Al -Othman, Member * Eng. Riad Ali Deeb, Member * Dr. Ali Mahran Khaunda, Member * Luay Abdel Halim Al -Asar, Member * Mubarak Al-Tayyeb Al-Amin, Member

Shariah Committee

Beside the Board of Directors, it has the Islamic Committee which supervises and audits the implementation of Islamic activities according to the

Quran The Quran (, ; Standard Arabic: , Classical Arabic, Quranic Arabic: , , 'the recitation'), also romanized Qur'an or Koran, is the central religious text of Islam, believed by Muslims to be a revelation in Islam, revelation from God in Islam, ...

. The Islamic committee members are approved by the general assembly.

Members

1. Dr. Ahmed Mohamed Amin Hassan - Chairman of the Sharia Supervisory Board and Executive Member of the Authority 2. Abd al-Salam Abd al-Moneim Muhammadah - Vice-Chairman of the Shari'a Supervisory Board 3. Abdul Bari Muhammad Mishaal - Member of the Shariah Supervisory Board

Owners

The major shareholder of the bank is The

Commercial Bank of Kuwait The Commercial Bank of Kuwait, (known as ar, التجاري, ''Al Tijari'', commercial) was established on 19 June 1960. It is the second oldest bank of Kuwait, it has major role in retail and commercial financing. References External links

which is the second largest bank in

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the nort ...

Branches

The bank has branches in

Damascus )), is an adjective which means "spacious". , motto = , image_flag = Flag of Damascus.svg , image_seal = Emblem of Damascus.svg , seal_type = Seal , map_caption = , ...

Aleppo )), is an adjective which means "white-colored mixed with black". , motto = , image_map = , mapsize = , map_caption = , image_map1 = ...

Hama , timezone = EET , utc_offset = +2 , timezone_DST = EEST , utc_offset_DST = +3 , postal_code_type = , postal_code = , ar ...

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 ...

Lattakia , coordinates = , elevation_footnotes = , elevation_m = 11 , elevation_ft = , postal_code_type = , postal_code = , area_code = Country code: 963 City code: 41 , geocode ...

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&n ...

and

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 ...

.المصرف المركزي السوري.

References

External links

Banks of Syria Banks established in 2006 Islamic banks Companies based in Damascus {{Asia-bank-stub