AlWataniya Microfinance was established at the end of 2011, with an initial capital of 330 million Syrian pounds. Subsequently, with support from the Syria Trust for Development, the bank's capital was increased to ten billion Syrian pounds. Its establishment reflected an institutional response to the opportunities and supportive legislative environment provided by the Legislative Decree No. 15 of 2007. This established new horizons for promoting the small and microfinance sector in Syria, and enabling it to provide wide areas of services by accepting deposits, providing small loans, and insurance services related to loans. Based on the provisions of Decision No. 62/M.C.C), which includes the executive instructions of Law No. 8 dated 20 February 2021, regarding the establishment of microfinance banks and the alignment of current conditions with its provisions, the name of the AlWataniya Microfinance was amended. It was rebranded as AlWataniya Microfinance Bank, with a capital of 10 billion Syrian pounds.