Syria International Islamic Bank

Syria International Islamic Bank (SIIB) was established September 2006. SIIB aim to be the first choice for all Muslim's living in Syria. They work hard to provide personal and business customers with the most-up-date and competitive banking services and investments which are all in accordance with the sharia'a.
The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of interest. With this in mind, SIIB have designed a number of banking products including current accounts, funding and investments and international trade services for imports and exports. SIIB have three branches in Damascus, one in Aleppo and a new branch in both Hama and Damascus currently under construction. They offer a wide range of electronic services including: ATMs, online banking, phone banking and SMS banking.

Syrian Islamic International Insurance Company

Established in (month) (year), Syrian Islamic International Insurance Company offer Islamic insurance based on the Takaful system with products specifically designed to meet the requirements of sharia'a. The policy holder (customer) donates premiums into a fund so that policy holders are able to share the risk with the insurance company for the mutual benefit of all parties. At Syrian Islamic International we offer personal insurance including home, contents and travel insurance as well as commercial insurance (including business insurance and professional indemnity insurance for professionals who owe a duty of care to their clients such as doctors). Our experienced advisors will help you to assess your individual requirements and will deliver peace of mind that is always halal and at reasonable prices.

The Syrian International Financial Services Company

The Syrian International Financial Services Company is a new entity that is both an investment bank for business customers and a retail bank for customers with personal interests. Having established the company's infrastructure, operations are due to start soon. The Syrian International Financial Services Company will offer for sale and seek to purchase stock on the recently established Damascus stock exchange market. All activities will adhere to the concepts of Islamic law or sharia'a.

Cham Holding

Cham Holding was established in 2007 by 70 top Syrian businessmen and is the largest holding company in Syria. They undertake large scale infrastructure and investment projects meeting the needs of their customers and investors. Through strategic investments in profitable, strategic, commercial and industrial ventures they have helped to support Syria's economic development and to put Syria on the international business map. Cham Holding have diversified investments in real estate, tourism, hospitality, banking, finance, transportation, manufacturing, education, and healthcare. They work hard to build long term partnerships with leading companies in the region and have facilitated direct investment into the Syrian economy. Strategic partnerships include some of the world's leading companies such as EMAAR properties, Al Kharafi Group of Kuwait, Amlak Finance Dubai, Salam Bank Bahrain, Al Aqila Group, Gulf Sands and more. Cham Holding has also established Bena (real estate), Sana (energy and infrastructure), Mada (transportation, including Syrian pearl Air) and Cham Investment Group (financial services). Plus there are more companies planned for the future.