Ibdaa Bank for Small and Microfinance

Ibdaa Bank was established by Law No. 9 of 2010, with a capital of 366 million Syrian pounds. It provides the following services:

·Providing financing, financial products, and small and micro loans, with or without a guarantee, in both conventional and Islamic ways, according to two separate and independent programs.

·Accepting deposits.

·Investing in securities issued by the government.

·Providing training services, conducting research, issuing bulletins, and preparing statistics on improving the economic situation of the poor.

·Providing insurance and reinsurance services of the Syrian insurance companies for the loans they grant to target people in accordance with the controls set by the Insurance Supervisory Commission.