The Syria International Islamic Bank (SIIB) is an international bank in Syria.[1][2] It was established in September 2007 and is a Syrian bank the capital of which is held by Qatari and Syrian shareholders.[3] It is a public company that has been listed on Damascus Securities Exchange since June 2009. It was formed as a partnership between the private sectors in the Syria and Qatar. It is located in Damascus, Syria.
History
Due to the Syrian civil war, the European Union and the Arab League froze SIIB's assets and banned SIIB from financial and commercial systems,[4] for acting for or on behalf of the Commercial Bank of Syria (CBS), which had itself been banned, and for providing services to CBS's subsidiary, Syrian Lebanese Commercial Bank