Ibdaa Bank for Small and Microfinance

Ibdaa Bank was established by Law No. 9 of 2010, with a capital of 366 million Syrian pounds. It provides the following services:

·       Providing financing, financial products, and small and micro loans, with or without a guarantee, in both conventional and Islamic ways, according to two separate and independent programs.

·       Accepting deposits.

·       Investing in securities issued by the government.

·       Providing training services, conducting research, issuing bulletins, and preparing statistics on improving the economic situation of the poor.

·       Providing insurance and reinsurance services of the Syrian insurance companies for the loans they grant to target people in accordance with the controls set by the Insurance Supervisory Commission.