
Syria International Islamic Bank is a unique financial institution that operates in a complex and challenging environment. It was established in 1979.
The bank's main objective is to provide Sharia-compliant financial services to its customers. This means that all its financial transactions and investments must comply with Islamic law.
The bank's operations are governed by a board of directors, which is responsible for making key strategic decisions. This board ensures that the bank's activities align with its objectives.
Syria International Islamic Bank has a strong presence in Syria, with a network of branches and ATMs across the country.
Bank Structure
The Syria International Islamic Bank has a unique bank structure that sets it apart from other financial institutions. It operates as a joint stock company with a paid-up capital of $100 million.
The bank's structure is designed to provide a stable and secure financial environment for its customers. This is achieved through a combination of local and international ownership.
The bank's management team is headed by a chairman and a general manager who are responsible for overseeing the bank's operations and making key strategic decisions.
Executive Committee

The Executive Committee plays a crucial role in the decision-making process of the Syrian International Islamic Bank. Here are some key facts about the members:
Bashar Al-Sitt is the CEO, responsible for leading the bank's overall strategy and direction. His title is Chief Executive Officer.
Mohammad Amyn Jazairi serves as the Director of Finance/CFO, overseeing the bank's financial operations. His role is a vital part of ensuring the bank's financial stability.
Sharaf Fouad is the Chief Administrative Officer, handling administrative tasks and ensuring the bank's operations run smoothly.
Alaa Rahhal is the Chief Tech/Sci/R&D Officer, leading the bank's technological and scientific advancements.
Heba El-Sibai is the Compliance Officer, responsible for ensuring the bank adheres to regulatory requirements and maintains a high level of integrity.
Here is a brief overview of the Executive Committee members:
Employment Numbers
The Syria International Islamic Bank has a relatively small workforce. 237 people are employed at Syria International Islamic Bank.
Their employment numbers are a fraction of what you'd typically expect from a bank of this size. This suggests a streamlined operation.
The exact structure of their organizational chart is unclear, but it's evident that they're keeping things lean.
Where Is Based?

Syria International Islamic Bank is based in Damascus, Dimashq.
The bank's location is a significant aspect of its structure, allowing it to serve the local community.
Syria International Islamic Bank is a financial institution that operates within a specific geographic area.
Understanding the bank's location can provide valuable insights into its operations and services.
Syria International Islamic Bank is based in Damascus, Dimashq.
Company Information
Syria International Islamic Bank is a pioneering financial institution in the region, with a rich history dating back to 1979. It was established as a joint stock company to provide Islamic banking services to the Syrian market.
The bank's headquarters is located in Damascus, Syria, and it has a strong presence in the country's major cities. Its main objective is to provide a range of financial products and services that are compliant with Islamic principles and values.
The bank's mission is to be a leader in the Syrian banking sector, providing innovative and Shariah-compliant financial solutions to its customers.
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Board Composition

The Board Composition of Syrian International Islamic Bank is a diverse group of individuals with various roles and responsibilities.
The Chairman of the Board is Tayseer Al-Zoubi, who has been in this position since the data is available.
The Board of Directors consists of seven members, including Mamoun Abd Al-Hadi Al-Darkazale, Bassem Yousuf Zaitoun, Nabil Waled Elias, Qassim Zaytoun, Ahmed Nahhas, and two Shariah Board Members, Abdul Fattah Al-Bazm and Youssef Abdul Rauf Shanar.
Bassem Yousuf Zaitoun and Nabil Waled Elias joined the Board in the same year, 2016, on April 26.
The Shariah Board Members are Abdul Fattah Al-Bazm and Youssef Abdul Rauf Shanar, with Abdul Fattah Al-Bazm joining in 2018, on September 6.
Here is a list of the Board Members:
- Mamoun Abd Al-Hadi Al-Darkazale - Director/Board Member
- Bassem Yousuf Zaitoun - Director/Board Member
- Nabil Waled Elias - Director/Board Member
- Abdul Fattah Al-Bazm - Shariah Board Member
- Youssef Abdul Rauf Shanar - Shariah Board Member
- Tayseer Al-Zoubi - Chairman
- Qassim Zaytoun - Director/Board Member
- Ahmed Nahhas - Director/Board Member
Company Details:
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CEO Identity
The CEO of Syria International Islamic Bank is Bachar Sit. He holds a key position within the bank's leadership.
Bachar Sit is the CEO of Syria International Islamic Bank.
SIC Code
The SIC code for Syria International Islamic Bank is [60, 602].

Finding the right SIC code for your company can be a crucial step in getting things started.
You can look up the SIC codes for specific banks, like Syria International Islamic Bank, to get an idea of what they are.
The SIC code for Syria International Islamic Bank is [60, 602].
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Bank Operations
The Bank Operations of Syria International Islamic Bank are designed to provide efficient and reliable services to its customers.
The bank operates 22 branches across Syria, offering a wide range of services including banking, investment, and Islamic financial services.
Its banking services include current accounts, savings accounts, and fixed-term deposits, making it a one-stop-shop for all financial needs.
The bank's investment services provide customers with opportunities to invest in various sectors, including real estate, stocks, and bonds.
Syria International Islamic Bank has a robust risk management system in place to ensure the security of its customers' funds.
With a strong focus on customer service, the bank offers a range of payment services, including online banking, mobile banking, and ATMs.
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Sources
- https://en.wikipedia.org/wiki/Syria_International_Islamic_Bank
- https://www.marketscreener.com/quote/stock/SYRIAN-INTERNATIONAL-ISLA-64308078/company/
- https://www.opensanctions.org/entities/opensyr-node-443/
- https://rocketreach.co/syria-international-islamic-bank-profile_b5d417e3f42e3efe
- https://www.xtransfer.com/swiftcode/en/SIIBSYDA
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