AI Issue 8 2017

24 Acquisition International - August 2017 Syria International Islamic bank was established as a Syrian private anonymous joint stock company under a developed Islamic financial vision of a strategic partnership between the private sectors in the Syrian Arab Republic and the State of Qatar. he bank aims to be the premier choice and leading Bank in the Islamic Financial domain with a mission to offer a wide range of high quality services, including compliant financial services, funding and investment products to clients as individuals, institutions or companies in a way that meets their needs and exceeds their expectations, in accordance with the latest developments in the modern banking industry. Ensuring all staff are pulling in the same direction, the bank sets out a list of values for all employees to follow. Staff must be committed to provide Shari’a – compliant services. They must also show a commitment to provide extra high quality services and build strong and permanent relations with the customers. The company values the welfare of its employees and provide incentive which helps to achieve great performance. There is a lot of cooperation and team work in which staff work together to provide the best results not only for the client but to also meet and exceed the requirements of clients. During the establishment phase of the bank and prior to the operation stage, the Founders Committee was keen to build solid rules and foundations for the establishment of the bank which fell in line with the latest concepts of Islamic financial banking in particular, plus advanced banking in general. The bank’s philosophy, name and logo were formulated and implemented, including its future vision, mission, policy and core values, most notably the commitment to work in accordance with the provisions and rules of Islamic Shari. In addition, the bank’s institutional building mission has been entrusted to a specialized consulting firm, which has prepared various policies, work systems and procedures manuals in the various sectors of the Bank’s work, both in the departments of public administration or branches, and in various centres of banking. All this was done in accordance with the Islamic Shari’a Supervisory Board of the Bank, as well as submitted to the Monetary and Credit Council pursuant to the executive instructions of Law No. 28 of 2001. The ceremony was attended by a number of Qatari investors, led by Sheikh Dr. Khalid Bin Thani Al- Thani, Chairman of the Board of Directors of Qatar InternationalIslamicBankandtheBank’s leadership, Qatari business guests and investors, as well as a large crowd of Syrian citizens representing various Company: Syria International Islamic Bank Contact: Tareq Al Bezreh Email: [email protected] Web: www.siib.sy Address: P.O Box: 35494. Syrian Arab Republic. Phone: 00963 011 611 46 88 Best Islamic Banking Service Provider - Syria T BE170174 sectors. The Minister of Finance, the representative of the President, the Governor of the Central Bank of Syria, the Chairman of the Commissioners of the Syrian Securities and Exchange Commission and a number of representatives of the Syrian economic activities. This launch was a good start to a process that took off during 2008, The actual financial year for the first march of the bank. According to its CEO, Mr. Abdelkader Abdel Hakim Dweik, the bank is vital to the Syrian banking market in general, but also the Islamic market in particular. Mr. Abdelkader Abdel Hakim Dweik believes that the bank is the best bank for clients to permanently deal with, achieving the client’s goals and banking requirements in accordance with Islamic Sharia. Highlighting the bank’s logo, he notes that the bank aims to work with customers and build long-term relationships, offering them the extensive services and sophisticated experience that they are looking for. “The bank has been able to be a key player in the Syrian banking market in general and Islamic in particular and has managed to realize its vision to be the first choice for customers in Islamic banking. “The Bank’s logo is a sign of our strategy of partnering with customers and building a long-term relationship with them by making a quantum leap in the banking world, offering our clients, shareholders and employees a pioneering, new and sophisticated experience while preserving our original values and contributing to the economic development process. In the Syrian Arab Republic. “SIB provides a range of effective banking services to meet your needs throughout the region. As a customer, you will experience unparalleled flexibility and responsiveness to meet your banking needs. We are pleased to provide you with a high level of service by dedicating our time and commitment to helping you complete We aim to achieve your goals and your banking requirements in accordance with Islamic Sharia, so that we hope to meet your requirements and exceed your expectation”. Fundamentally, the Syria International Islamic Bank works very hard to put the client first and ensuring relationships are long-lasting. Everything done during the founding of the bank was with its services and vision in mind, working in accordance with the provisions and rules of Islamic Sharia.