Loading…Loading…Loading…Loading…Country guide · OIC member state
Syria, an OIC member since 1972, opened its banking system to Islamic banks with Legislative Decree No. 35 of 2005. Four Islamic banks are licensed: Syria International Islamic Bank, Cham Bank, Al Baraka Bank Syria and National Islamic Bank. They are supervised by the Central Bank of Syria and the Monetary and Credit Council, and those that are listed also report to the securities regulator and the Damascus Securities Exchange.
After more than a decade of war, the pace of growth of Islamic banking depends on the country's economic recovery and its reconnection to international banking. This guide lists the institutions behind each part, with their pages on Wasabih.
In 2005, by Legislative Decree No. 35, which set the legal framework for Islamic banking activities.
Syria International Islamic Bank, Cham Bank, Al Baraka Bank Syria and National Islamic Bank.
The Central Bank of Syria and the Monetary and Credit Council; listed banks also fall under the Syrian Commission on Financial Markets and Securities and the Damascus Securities Exchange.
Syria has no separate Halal certification law; exporters should check what their buyers' countries require.
Syria has been a member state of the Organisation of Islamic Cooperation since 1972.
Part of the Halal economy in Syria?
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