About CHAM BANK

Cham Bank, a Syrian joint-stock company, was established on September 7, 2006, under Commercial Registry No. 14809, and was registered with the Central Bank of Syria's banks registry under No. 15. The bank was launched with an initial capital of 5,000,000,000 Syrian Pounds (Five Billion Syrian Pounds, equivalent to 100 Million US Dollars at the time). The bank officially commenced its operations on January 24, 2007. Cham Bank is considered the first Islamic bank in Syria to adopt Islamic Sharia as its core methodology. The bank's activities and operations are subject to the supervision of the Central Bank of Syria and its affiliated entities, the principles and provisions of Islamic Sharia, and the oversight of the Sharia Board. The Commercial Bank of Kuwait is the primary shareholder in the bank with an ownership stake of 32%, followed by the Islamic Development Bank with 9%, in addition to Mersalcom LLC with an ownership stake reaching 5%.

Bank Activities and Services Cham Bank focuses on delivering an integrated and comprehensive ecosystem of innovative, Sharia-compliant Islamic banking services tailored to meet the diverse needs of both retail and corporate sectors. In retail banking, the bank offers a versatile suite of solutions, including savings and deposit accounts, safe deposit locker rentals, foreign exchange and currency swap operations, and remittance services. Furthermore, Cham Bank provides flexible personal financing programs designed to cover real estate, construction materials, alternative energy, household goods, electronics, and medical equipment. It also caters to lifestyle needs by financing travel, education, and healthcare expenses, complemented by revolving credit cards. For the corporate and business sectors, the bank provides specialized current and investment accounts, checkbook issuance, letters of credit (LCs), collection bills, and letters of guarantee (LGs). This portfolio is further elevated by the bank’s pioneering role in digital transformation. Cham Bank offers a cutting-edge suite of electronic services and smart digital channels, spearheaded by the "Najmaty" mobile application and its online banking platform for both individuals and corporate clients. These platforms enable instant account and card management, alongside real-time fund transfers via the national electronic clearing system (RTGS). Additionally, the bank supports instant digital account opening and powers advanced electronic payment solutions for retail purchases through the "Pay Me" service and QR code payments, alongside seamless settlement options for utility bills, university fees, and government dues.