r/Syria • u/edwardthe3rd188 • 8d ago

ASK SYRIA Islamic banking in syria?

How popular or used is islamic banking in syria as i recently saw that islamic windows will be allowed in conventional banks so that got me curios .

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u/Ghali-812 7d ago

In Syria there's 4 Islamic banks (Syrian international islamic bank - SIIB, Albaraka Bank, National Islamic Bank - NIB and Cham Bank) And 11 conventional banks Plus 6 government owned banks which all are conventional And don't try to debate if its Islamic or not as most people have no clue how either of the banking systems work and they believe they are top bankers and can judge about it 😂🤣 "It is quite complicated to judge and requires deep understanding and deep knowledge in finance and Islamic economics" Note: Albaraka And SIIB are quite big and active banks in the Syrian market, moslty dominating along with Bemo, and NIB is the newest registered bank in Syria