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.

It is the first and largest microfinance institution in Syria, established in 2007. Its capital amounts to 400 million Syrian pounds. Its goal is to provide small and microfinance and other financial and banking services to certain segments of the population in accordance with the provisions of Legislative Decree No. 15 dated 15 February 2007, and its executive instructions.

The institution provides the following financial and banking services:

·        Accepting deposits in Syrian currency for different terms.

·        Providing small loans to targeted segments of the population.

·        Offering micro-insurance services associated with its loans.

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.

Based on the provisions of Law No. 8 of 2021, and its executive instructions, issued by Decision No. (62/M.C.C), dated 21 February 2021.