SIB is the 11th private bank in the Syrian Arab Republic.
Our journey as Syria Islamic Bank started after obtaining the banking license to operate in June, 2005 with a capital of 1.5 Billion Syrian pounds, establishing thereby strategic partnerships between Syrian businessmen on the one hand and banking and financial entities in Kuwait Bahrain on the other hand.
The bank’s paid-up capital has increased gradually to be 10 Billion Syrian pounds, distributed over one hundred million shares since its establishment.
Syria Islamic Bank with its five branches cover major cities and governorates in the Syrian Arab Republic. The capital, Damascus and its countryside, hosts five branches, in addition to having a branch of the Bank in each of Tartous, Lattakia, Hama and Aleppo Governorates.