Cham Bank

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Cham Bank
Industry Islamic banking
Founded 2006
Headquarters Damascus, Syria
Area served
Key people
Ali Youssef Alawadi (Chairman)

Cham Bank (Arabic: 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.

Beside the Board of Directors, it has the Islamic Committee which supervises and audits the implementation of Islamic activities according to the Quran. The Islamic committee members are approved by the general assembly.

The major shareholder of the bank is The Commercial Bank of Kuwait which is the second largest bank in Kuwait.

The bank has branches in Damascus, Aleppo, Hama and Daraa.