Alkhaleej Bank
Alkhaleej Bank is a Sudanese Islamic commercial bank founded in 2017, providing Sharia-compliant retail, corporate, and investment banking services across 9 branches, smart branches, and digital channels, serving retail customers, corporates, government entities, and Gulf-region investors.
- Company typePrivate
- Founded2017
- HeadquartersKhartoum, Sudan
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Alkhaleej Bank does
Alkhaleej Bank is a Sudanese Islamic commercial bank inaugurated on February 7, 2017 in Khartoum, operating under Sharia principles verified by an independent Sharia Supervisory Board. It provides a full suite of Sharia-compliant retail and corporate banking services, including current, savings, and investment accounts; financing for agriculture, industry, and infrastructure; external trade financing; merchant POS acquiring; foreign exchange; and electronic collections for customs and government fees. The bank holds the largest paid-up capital (3 billion SDG) among Sudanese banks and reported total assets of 100.3 billion SDG, deposits of 80.2 billion SDG, revenue of 6.7 billion SDG, and profits of 3.06 billion SDG for 2021, with year-over-year growth exceeding 200% across key metrics. Its distribution combines a 9-branch physical and smart-branch network across Khartoum, Bahri, Omdurman, and Port Sudan with the Al Khaleej Mobile app, internet banking, SMS banking, and POS acceptance via Sudan's National Switch, plus a correspondent banking network spanning the UAE, Bahrain, Saudi Arabia, Jordan, Turkey, Egypt, and Italy to serve Gulf-region investors and trade flows.
The bank's revenue model rests on three pillars: investment and finance income from Sharia-compliant financing products (deferred sales, investment accounts); transaction-based fees from banking services, transfers, ATM/POS, and electronic collections; and the acceptance of investment deposits in local and foreign currency, on which it has paid an 18% annual profit rate — the highest in Sudan for four consecutive years. Target segments include retail individuals, corporate and institutional clients, government and public-sector entities (e.g., Sudanese Customs Authority, higher education), and Gulf-region investors seeking exposure to Sudanese agriculture, livestock, and industry. Go-to-market is direct-to-consumer via branches, smart branches, and digital self-service channels, supplemented by strategic institutional partnerships (notably with the University of Khartoum and AZENTIO for core banking technology).
Alkhaleej Bank firmographics
Firmographics- Name
- Alkhaleej Bank
- Legal name
- Al Khaleej Bank
- Website
- https://al-khaleejbank.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Alkhaleej Bank is a Sudanese Islamic commercial bank founded in 2017, providing Sharia-compliant retail, corporate, and investment banking services across 9 branches, smart branches, and digital channels, serving retail customers, corporates, government entities, and Gulf-region investors.
- Ownership category
- akta.pro rank
Alkhaleej Bank industry classification
Industry- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Islamic Corporate Banking (FSABAGAC)
- akta.pro secondary industries
- Islamic Retail Banking (FSABAGAA), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)
Keywords
Where Alkhaleej Bank is headquartered
LocationHeadquarters
- HQ city
- Khartoum
- HQ country
- Sudan
- HQ region
- Africa
Offices10 records
Markets served
Alkhaleej Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Investment and Finance Income: Income generated from financing agricultural, industrial sectors, and infrastructure projects through Islamic finance mechanisms including deferred sales and investment accounts.
- Banking Services Revenue: Fees and commissions from banking services including account management, transfers, ATM transactions, POS transactions, and electronic collections for customs, education, and government fees.
- Investment Deposits: Acceptance of investment deposits (current, savings, investment accounts) in local and foreign currencies, with profits distributed to depositors according to Sharia principles.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | 12-month fixed investment deposit (Local currency) |
| Subscription | Multi-year contract | 6-month fixed investment deposit (Local currency) |
| Subscription | Annual | Flexible investment deposit (Local currency) |
| Subscription | Annual | 12-month fixed investment deposit (Foreign currency) |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels7 records
Alkhaleej Bank product offering
Product offeringCore offering
Alkhaleej Bank is a Sudanese Islamic commercial bank that delivers Sharia-compliant retail banking (current, savings, and investment accounts with ATM/debit cards), corporate banking (financing for agriculture, industry, infrastructure, and external trade via correspondent banks), and a digital banking stack (mobile app, internet banking, SMS, POS). All products operate under Islamic Sharia principles supervised by an independent Sharia Supervisory Board, distributed through 9 physical branches and 24/7 smart branches across Sudan.
Product overview
Alkhaleej Bank operates as an Islamic commercial bank in Sudan offering a comprehensive suite of banking products. The product portfolio includes core retail services (current, savings, and investment accounts with ATM cards), corporate sector financing for agriculture, industry, and infrastructure, investment deposit products with Sharia-compliant profit-sharing, and digital banking channels (internet banking, mobile banking via Al Khaleej Mobile app, and SMS banking). The bank also provides merchant services through POS terminals, operates a network of Smart Branches for 24/7 self-service banking, and offers specialized services including IBAN, CIF, and foreign exchange. All products operate under Islamic Sharia principles with oversight from the bank's Sharia Supervisory Board.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Total assets of 100.3 billion SDG, up 242% compared to 2020
- +5 more outcomes
Companies that use Alkhaleej Bank
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Alkhaleej Bank technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Alkhaleej Bank partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core.
- AZENTIOcoreTechnology partnership for Islamic banking system implementation, recognized with Best Islamic Bank Implementation award by IBS Intelligence in 2021.
- El Nilien BankcoreCorrespondent banking relationship for international transactions. Bank code: NILBAEAA, located in Abu Dhabi.
- BOK International (Bank of Khartoum)coreCorrespondent banking relationship for international transactions. Bank codes: BOKMAEAD (Abu Dhabi), BOKNBHBM (Manama).
- Aktif Yatirim BankasicoreCorrespondent banking relationship for international transactions. Bank code: CAYTTRIS, located in Istanbul.
- Bank Al-JaziracoreCorrespondent banking relationship for international transactions. Bank code: BJAZSAJE, located in Jeddah.
- Bank Al EtihadcoreCorrespondent banking relationship for international transactions. Bank code: UBSIJOAX, located in Amman.
- Banca UBAE SPAcoreCorrespondent banking relationship for international transactions. Bank code: UBAIITRR, located in Rome.
- Al Baraka Islamic BankcoreCorrespondent banking relationship for international transactions. Bank code: ABIBBHBM, located in Bahrain.
- Export Development BankcoreCorrespondent banking relationship for international transactions. Bank code: EXDEEGCX, located in Cairo.
- Khartoum UniversitycoreStrategic partnership including opening of university branch, donation of 65 computer devices to Faculty of Mathematical Sciences, and ongoing cooperation for electronic fee collection services.
- Central Bank of SudancoreRegulatory partner and supervisor; bank operates under Central Bank of Sudan regulations and Islamic banking guidelines.
Scale indicators10 records
Recent moves12 records
Expansion highlights6 records
Alkhaleej Bank competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights7 records
Customer concentration
Alkhaleej Bank social profiles
Digital presenceAlkhaleej Bank compliance and trust
Trust signalCompliance6 records
Alkhaleej Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alkhaleej Bank leadership team
Management profileNumber of profiles
Profiles6 records
Alkhaleej Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alkhaleej Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alkhaleej Bank
What does Alkhaleej Bank do?
Alkhaleej Bank is a Sudanese Islamic commercial bank that delivers Sharia-compliant retail banking (current, savings, and investment accounts with ATM/debit cards), corporate banking (financing for agriculture, industry, infrastructure, and external trade via correspondent banks), and a digital banking stack (mobile app, internet banking, SMS, POS). All products operate under Islamic Sharia principles supervised by an independent Sharia Supervisory Board, distributed through 9 physical branches and 24/7 smart branches across Sudan.
Is Alkhaleej Bank a public or private company?
Alkhaleej Bank is a private company. It is currently operating.
When was Alkhaleej Bank founded?
Alkhaleej Bank was founded in 2017. It employs 501 to 1,000 people.
Where is Alkhaleej Bank based?
Alkhaleej Bank is headquartered in Khartoum, Sudan, in the Africa region.
How does Alkhaleej Bank make money?
Three revenue lines are on record. Investment and Finance Income is the primary driver. The others are banking Services Revenue and investment Deposits.
Does Alkhaleej Bank have an API?
No public API is recorded for Alkhaleej Bank.
What industry is Alkhaleej Bank in?
Its primary akta.pro industry code is FSABAGAC, Islamic Corporate Banking, with a secondary code of FSABAGAA, Islamic Retail Banking. Its NAICS code is 522110 and its SIC code is 6022.