What Alinma Bank does

Alinma Bank is a Saudi joint-stock Islamic bank established in 2006 and listed on the Saudi Exchange (Tadawul: 1150), regulated by the Saudi Central Bank (SAMA). The bank provides a fully Shariah-compliant integrated range of banking and investment services across retail, corporate, treasury, and investment segments, serving individual consumers, SMEs, large corporates (including names such as Bahri, Al Akaria, Dar Al Majed, and Saudi Advanced Industries Co.), entrepreneurs, and sustainability-focused investors in Saudi Arabia. Its distribution combines a 216+ branch and ATM physical network with a digital stack comprising the Alinma mobile app (iOS, Android, Huawei), alinma Internet, Alinma Business Online for corporates, the iz Business app for SMEs and freelancers, an open banking API portal, and Alinma Fantasy gamification.

Underlying technology centers on Sharia-compliant product engineering (Murabaha, Ijara, Musharaka, Salam, Sukuk) and digital banking infrastructure rather than proprietary AI. The bank monetizes through net interest margins on financing (personal, real estate, auto lease including EVs, corporate, SME), fee-based trade finance (letters of credit, guarantees, documentary collections), cash-management and treasury services, capital-markets activities (Tier 1 and Tier 2 sukuk, brokerage via Alinma Investment), and a Sustainable Finance program tied to ICMA/LMA standards. Subsidiaries (Alinma Investment Company, Saudi Fintech Company, Alinma Pay) and a fintech portfolio (Qashio, Amwal Tech, Ejari, Lean Technology, NearPay) extend reach into payments, brokerage, and SME spend management. The customer-facing Amad program bundles financial literacy, entrepreneurship support (SAR 200,000 interest-free loans with one-year mentorship), hackathons with Tuwaiq Academy, and ESG-aligned products.

The business model is a relationship-driven, omnichannel Islamic bank operating exclusively in Saudi Arabia, with revenue scaling tied to balance-sheet growth (SAR 307.21 billion assets at Q3 2025, +15.06% YoY) and net profit of SAR 4.67 billion for 9M 2025. Recent capital actions include a $500 million AT1 sukuk in July 2025 and a $500 million Tier 2 offering in November 2025, alongside a planned SAR 5 billion AT1 redemption in July 2026 and a board-recommended buy-back of up to 5 million shares in January 2026, indicating active capital management alongside growth investment.

Name

Alinma Bank

Legal name

Alinma Bank

Website

https://alinma.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Alinma Bank is a Saudi-listed, fully Shariah-compliant Islamic bank serving retail, SME, and corporate clients across Saudi Arabia through 216+ branches, mobile and online banking, and Sharia-compliant financing, trade finance, treasury, and investment services.

Ownership category

akta.pro rank

Product category

Islamic Banking Services

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Finance and Insurance (52), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic Retail Banking (FSABAGAA)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Corporate Banking (FSABAGAC), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Islamic banking services
• Retail banking products
• Corporate financing
• Trade finance solutions
• SME financing programs

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Retail Banking: Alinma Bank generates revenue through retail banking services including personal financing, real estate financing, auto leasing, credit cards, and deposit accounts. The bank operates across multiple retail segments offering current accounts, savings accounts, and investment products compliant with Islamic Sharia principles.
2. Corporate Banking: Corporate financing services including Murabaha, Salam financing, Ijara, and Musharaka. Revenue generated through profit margins on corporate financing facilities and transaction fees for trade finance services including letters of credit, guarantees, and documentary collections.
3. Capital Markets and Investment Services: Tier 1 and Tier 2 sukuk issuances, investment services, and brokerage operations through subsidiaries. The bank completed a $500 million AT1 sukuk issuance and $500 million Tier 2 certificates offering.
4. Treasury Operations: Treasury and investment services managing the bank's liquidity and investment portfolio including Sharia-compliant securities and interbank transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Alinma Bank is a Saudi joint stock bank that delivers fully Shariah-compliant banking services across retail, corporate, treasury, and investment segments. It offers current and savings accounts, personal and real estate financing, auto leasing, credit and debit cards, trade finance, corporate and SME financing, cash management, investment brokerage, and sustainable finance products. The bank distributes these offerings through a 216+ branch and ATM network across Saudi Arabia as well as mobile, internet, and open-banking digital channels.

Product overview

Alinma Bank is a Saudi Islamic bank established in 2006, offering an integrated range of Shariah-compliant banking services across retail, corporate, treasury, and investment segments through multiple distribution channels including branches, digital banking platforms, and subsidiaries. The core digital banking platforms include the Alinma App (mobile banking available on iOS, Android, and Huawei), alinma Internet (online banking), and Alinma Business Online (corporate cash management), complemented by the iz Business App for SMEs. The bank offers a comprehensive suite of retail products including current and savings accounts (Nama investment product, instant savings, regular savings, Zood Al-Ajyal program), personal financing, real estate financing (subsidized and non-subsidized), and auto leasing including electric vehicles. The cards portfolio includes Alinma credit cards with the Akthr loyalty program, Alfursan co-branded cards, purchase cards, traveler cards, charge cards, mada debit cards, and UnionPay. Corporate banking encompasses corporate financing (Murabaha, Deferred Sale, Ijara, Musharaka, Direct Investment, Joint Financing, Project Financing), SME financing through the Kafalah program, trade solutions (bank guarantees, documentary credit/collection), and cash management services (SWIFTNet, POS, e-payment gateway). The sustainability platform under 'Amad' encompasses the Sustainable Finance and Investment Program, Sustainable Saving Account, Sustainable Sukuk, entrepreneur support with interest-free loans, hackathons, and the Amad podcast. Subsidiaries include Alinma Investment Company, Saudi Fintech Company, and Alinma Pay, while the fintech portfolio comprises Amwal Tech, Ejari, Lean Technology, NearPay, and Qashio. The bank also operates Alinma Stores (loyalty marketplace), alinma Fantasy (gamification), Digital Branches, and an Open Banking API Portal for third-party integrations.

Differentiator

Problem solved

Functional benefit

Brands

• Amad (امد): Sustainability and social responsibility program focusing on financial inclusion, community empowerment, and environmental stewardship
• iz Business
• Alinma Fantasy
• Alinma Investment Company
• Alinma Pay
• Akthr (أكثر)

Products and services

• Alinma App Mobile banking application for smartphones enabling retail customers to perform banking transactions quickly, including account management, transfers, and card services.
• alinma Internet Web-based online banking platform that allows retail customers to manage accounts, make transfers, and access banking services through a browser.
• Alinma Business Online Corporate online banking platform providing cash management, treasury, and payment services for corporate clients.
• iz Business App Digital banking experience designed for small and medium enterprises and freelancers, offering streamlined business banking services.
• Alinma API Portal Open Banking developer portal enabling third-party developers and partners to integrate with Alinma's banking services through standardized APIs.
• Alinma Cards Portfolio of Shariah-compliant card products including credit cards, mada debit cards, prepaid cards, purchase cards, traveler cards, charge cards, and UnionPay cards with multi-currency options and rewards features.
• Akthr Loyalty Program Customer loyalty and rewards program associated with Alinma credit cards, offering exclusive deals, rewards, and Alinma Stores promotional marketplace for cardholders.
• Personal Finance Shariah-compliant personal financing for individuals to meet personal financial needs.
• Real Estate Financing Shariah-compliant real estate financing including subsidized government-supported home loans and non-subsidized options for property purchase.
• Auto Lease Islamic-compliant vehicle leasing (Ijara) for automobiles, including electric vehicles classified under sustainable finance.
• Banking Accounts Range of Shariah-compliant bank accounts including Current Account, Education Account, Family Account, Ladies Banking Program, Expats Package, Private Banking (Diamond, Platinum, Gold tiers), and Safe Deposit Boxes.
• Nama Investment Product Investment savings product offering competitive returns for customers seeking investment-based savings with profit anticipated annually.
• Saving Account Islamic-compliant savings account with flexible terms and competitive profit rates.
• Instant Savings Immediate access savings product allowing instant deposits and withdrawals with competitive returns.
• Zood Al-Ajyal Savings Program Multi-generational savings program designed to help families save for future generations with protection features.
• Insurance (Bancassurance) Bancassurance offerings providing insurance products through the bank's distribution channels.
• Corporate Financing Shariah-compliant corporate financing products including Murabaha, Deferred Sale (Ijara), Ijara through Musharaka, Musharaka, Direct Investment, Joint Financing, and Project Financing for large corporates.
• Trade Solutions Trade finance services including Bank Guarantees, Certificates Verification, Documentary Credit, and Documentary Collection for corporate clients.
• Cash Management Corporate cash management services including SWIFTNet for international transfers, POS and SoftPOS payment services, E-Payment Gateway, Billing System, B2B Direct connection, and Dividends Distribution.
• SME Financing Suite Comprehensive SME financing solutions including Kafalah program financing, Business Payroll financing, Asset financing, Business Invoices financing, E-Commerce financing, Real Estate Investment financing, Performance Bond product, Working Capital financing, and Supply Chain Finance.
• SME Account Opening Services Services for SMEs including business account opening for sole proprietors, multi-owner company accounts, non-profit sector banking, government institutions services, and Escrow account services.
• Alinma Transfers International money transfer services enabling cross-border remittances for customers.
• Amad Entrepreneur Support Program Program providing interest-free loans of SAR 200,000, structured financial solutions, training, and one-year mentorship for entrepreneurs in seed and bridge stages.
• Sustainable Saving Account Savings account where funds are invested in a sustainable project portfolio supporting renewable energy, green buildings, and community development, offering profit rates up to 2.70% per annum.
• Sustainable Finance and Investment Program Program integrating sustainability principles into financial products, offering green financing (electric vehicles, clean transportation) and social financing (affordable housing, SME support) aligned with ICMA and LMA standards.
• Sustainable Sukuk Sukuk (Islamic bonds) with proceeds allocated to eligible green and social projects, with annual impact reporting.
• Alinma Investment Company Wholly-owned subsidiary providing investment services and brokerage operations.
• Alinma Pay Wholly-owned digital payments subsidiary providing mobile payment solutions integrated with Alinma's banking services.

Quantifiable outcome

• 15.06% growth in total assets to SAR 307.21 billion in 9M 2025
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• AlYamamah UniversityminorStrategic or Co-development Partner · 13 May 2026Alinma Bank signed a Memorandum of Understanding with AlYamamah University to advance innovation and entrepreneurship, supporting the bank's commitment to developing Saudi talent and entrepreneurial ecosystem.
• QashiocoreStrategic or Co-development Partner · 17 September 2025Alinma Bank invested in and partnered with UAE-based Qashio, a MENA region spend management and corporate card platform. The partnership integrates Qashio into Alinma's fintech portfolio alongside existing companies like Amwal Tech, Ejari, Lean Technology, and NearPay. The collaboration aims to develop a comprehensive spend management platform for SME and corporate clients, combining Alinma's scale and client base with Qashio's spend management platform and loyalty ecosystem including partners such as Emirates Skywards, Air France, and Jumeirah One. The investment aligns with Saudi Vision 2030 objectives of economic diversification, financial innovation, and transition toward a cashless society.
• BIM (Andes of Business)coreStrategic or Co-development PartnerAlinma Bank partnered with BIM (Andes of Business) and collaborated with Wadi Al Athar Financial to launch the Amad entrepreneurship support program. The program provides interest-free loans and structured financial solutions to help emerging businesses grow in their early stages. The partnership addresses developmental challenges in the entrepreneurial ecosystem to achieve financial inclusion for promising entrepreneurs.
• Wadi Al Athar FinancialcoreStrategic or Co-development PartnerCollaboration with Wadi Al Athar Financial as part of the Amad entrepreneurship program to provide financial and advisory solutions for entrepreneurs, combining interest-free loans with mentorship and business development support.
• Tuwaiq AcademycoreStrategic or Co-development PartnerAlinma Bank partnered with Tuwaiq Academy for the Amad Fintech Hackathon, a technology competition to develop solutions serving the financial sector in Saudi Arabia. Total prizes exceed SAR 500,000 across tracks including financial inclusion, innovation, digital payments, financial literacy, and analytics.

Scale indicators7 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Al Rajhi Banking and Investment Corporation: The largest Islamic bank in Saudi Arabia and the most direct peer to Alinma. Al Rajhi offers an almost identical full-stack Shariah-compliant retail, corporate, treasury, and investment product set across a much larger branch and digital network. The two banks compete head-to-head in retail accounts, Murabaha, and corporate financing in Saudi Arabia.
• Bank Albilad: A Saudi fully Shariah-compliant bank with similar product breadth (retail, corporate, SME, treasury) and a comparable mid-tier asset base. Bank Albilad is a frequent peer benchmark for Alinma given overlapping Islamic-only positioning, branch strategy, and target segments.
• Bank AlJazira: A Saudi bank with a strong Islamic banking franchise and digital banking focus. Bank AlJazira is a comparable mid-sized competitor for retail, SME, and digital banking customers in Saudi Arabia.

Broad incumbents

• Saudi National Bank (SNB): The largest bank in Saudi Arabia, formed through the NCB-Samba merger, offering full retail, corporate, and investment banking with substantial Islamic banking capabilities. SNB is the dominant competitor for corporate deposits, project finance, and large-ticket financing deals that Alinma also targets.
• Riyad Bank: A large Saudi bank with growing Islamic banking franchise and significant corporate banking presence. Competes with Alinma in corporate financing, syndicated deals, and SME banking in Saudi Arabia.
• Banque Saudi Fransi: A traditional Saudi commercial bank with a developed corporate and Islamic banking offering. BSF competes with Alinma for mid-to-large corporate clients, trade finance, and project financing mandates in the Kingdom.
• Arab National Bank: A mid-large Saudi bank with corporate banking strength. ANB competes with Alinma in Saudi corporate lending, trade finance, and treasury services, and shares some senior management lineage with Alinma's leadership team.

Regional players

• Al Baraka Banking Group: A Bahrain-headquartered Islamic banking group operating across MENA with full Shariah-compliant retail, corporate, and investment banking. Al Baraka is a useful regional benchmark for Alinma's Islamic product set and cross-border Shariah structuring capabilities.
• Kuwait Finance House: One of the largest Islamic banks globally and a regional benchmark for Shariah-compliant product innovation, sukuk structuring, and Islamic capital markets. KFH is comparable to Alinma in product philosophy, though it operates primarily in Kuwait and other MENA markets.

Emerging players

• Qashio: A UAE-based MENA spend management and corporate card platform in which Alinma has invested and partnered. Qashio is directly relevant as Alinma's fintech channel for embedded SME and corporate finance, linking Alinma's banking balance sheet to a digital spend-management front end.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@AMAD_SA
• Xx.com/alinmabanksa
• Facebookfacebook.com/AlinmaBankSA

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments27 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alinma Bank