Ibdaa Bank for MicroFinance - Syria

What Ibdaa Bank for MicroFinance - Syria does

Ibdaa Bank for MicroFinance - Syria is a privately held Syrian microfinance institution founded in 2011 through a partnership between the Gulf Arab Program for Development (AGFUND), Qatari firm Saltk, and a group of Syrian businessmen. Headquartered in Damascus, it operates as a licensed microfinance bank under the regulatory oversight of the Syrian Central Bank and is engaged with the Loan Risk Guarantee Institution for credit risk support. The bank targets financial inclusion for underserved populations — low-income individuals, women, small farmers, youth, and small-business owners — and aligns its mission explicitly with poverty reduction, unemployment mitigation, and food security objectives in Syria.

The bank offers four integrated service lines: Lending Services (microfinance loans ranging from 50,000 to 20 million Syrian Pounds across agricultural, industrial, service, commercial, educational, and quality-of-life purposes), Savings Services (regular, mandatory borrower, current, and time-deposit accounts), Training and Consulting Services (capacity-building for borrowers and the community), and Insurance Services (delivered through partner providers). Its core technology is a banking information system for loan and savings management. Customer engagement is delivered through a network of at least 13 physical branches and offices spanning Damascus, Rif Dimashq, Tartus, Sweida, Latakia, Homs, and Hama governorates, complemented by a mobile application and an electronic services portal, and by integrations with Horm Pyramid and Al-Fawadeed money-transfer companies for cash-in/cash-out and loan-repayment services.

The go-to-market is sales-led and branch-anchored, with field credit officers conducting outreach, market visits, and loan processing in local communities. Revenue mechanics derive primarily from loan interest and transaction fees on the lending book, with subscription-style income from savings/deposit accounts, professional-services fees from training and consulting, and fee income from insurance distribution. Marketing relies on organic social channels (Facebook, YouTube, Instagram, LinkedIn, Telegram) alongside the digital self-serve channels. The bank is privately held, with no public listing, no disclosed funding rounds, and no disclosed revenue figures.

Name

Ibdaa Bank for MicroFinance - Syria

Legal name

مصرف الإبداع للتمويل الأصغر - سورية (Ibdaa Bank for Microfinance - Syria)

Website

https://ibdaabanksyria.com.sy

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Ibdaa Bank for MicroFinance is a privately held Syrian microfinance institution, founded in 2011 with AGFUND and Saltk (Qatar), offering loans, savings, training, and insurance to underserved low-income individuals, women, small farmers, and youth entrepreneurs through 13+ branches across Syria and digital channels.

Ownership category

akta.pro rank

Product category

Microfinance Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

Agricultural & Rural Microfinance (FSAKAGAG), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Microfinance lending
• Savings deposit services
• Financial inclusion banking
• Small business financing
• Agricultural microcredit

Headquarters

HQ city

Damascus

HQ country

Syria

HQ region

Middle East

Offices13 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. Lending Services: Microfinance lending for agricultural, industrial, service, commercial, educational, and quality of life improvement purposes. Loan amounts range from 50,000 to 20 million Syrian pounds.
2. Savings Services: Acceptance of deposits and savings accounts from individuals and businesses.
3. Training and Consulting: Training and consulting services offered to clients and community members.
4. Insurance Services: Insurance services provided through the bank.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Ibdaa Bank for MicroFinance is a Syrian microfinance institution that extends small-scale loans (50,000 to 20 million Syrian Pounds) for agricultural, industrial, service, commercial, educational, and quality-of-life improvement purposes. It accepts savings and deposit accounts from individuals and businesses, and complements these financial services with training/consulting and insurance offerings, distributed through a multi-governorate branch network and digital channels.

Product overview

Ibdaa Bank for MicroFinance - Syria operates as a unified microfinance banking institution offering a portfolio of four integrated core service lines: Lending Services, Savings Services, Training and Consulting Services, and Insurance Services. The bank serves as a single institutional entity providing these services through its branch and office network across Syria, targeting low-income individuals, small farmers, women, youth, and small project entrepreneurs.

Differentiator

Problem solved

Functional benefit

Products and services

• Lending Services Microfinance loans extended for agricultural, industrial, service, commercial, and educational purposes, plus quality-of-life improvement loans. Loan sizes range from 50,000 Syrian Pounds to 20 million Syrian Pounds, serving low-income individuals, farmers, women, youth, and small business owners across Syria.
• Savings Services Savings account services including regular savings accounts, mandatory savings accounts for borrowers, and various deposit accounts (current accounts, savings accounts, and time deposits) offered to individual and business customers in Syria.
• Training and Consulting Services Capacity-building training and consulting services delivered to clients and community members to support small project owners and complement the bank's lending offerings.
• Insurance Services Insurance products offered through insurance partners to protect borrowers and their assets.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Four partnerships are on record, tiered regulatory, core and supporting.

• Syrian Central Bank (مصرف سورية المركزي)regulatoryStrategic or Co-development PartnerRegulatory oversight and monetary policy coordination for microfinance banking operations in Syria.
• Loan Risk Guarantee Institution (مؤسسة ضمان مخاطر القروض)coreStrategic or Co-development PartnerProvides loan risk guarantee services supporting the bank's lending operations.
• Small and Medium Enterprises Development Agency (هيئة تنمية المشروعات الصغيرة والمتوسطة)coreStrategic or Co-development PartnerGovernment agency supporting SME development in Syria, aligned with bank's mission.
• Al-Horm and Al-Fawadeed Financial Transfer CompaniessupportingChannel Partner/ Reseller/ DistributorFinancial transfer companies enabling digital account funding and cash services for bank customers.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Regional players

• FINCA Jordan: Jordanian affiliate of the FINCA Impact Finance network, offering micro-credit, savings, and insurance to low-income clients. Comparable product mix and target customer, with deeper institutional backing than Ibdaa.
• Al Amal Microfinance Bank: Yemeni microfinance bank offering community-based lending, savings, and training to underserved populations. Closely comparable mission and conflict-affected MENA operating context to Ibdaa.
• Tanmeyah: One of Egypt's largest microfinance companies offering group and individual lending, savings, and insurance to micro-entrepreneurs. Comparable scaled MFI model serving similar low-income, micro-enterprise segments across MENA.
• Microfund for Women: Jordanian MFI exclusively focused on women micro-entrepreneurs. Highly comparable due to shared women-empowerment mission, community-lending methodology, and adjacent Arab-market operating environment.
• Vitas Palestine: Palestinian microfinance institution offering micro-loans, savings, and insurance to low-income households and small businesses. Directly comparable in product mix, customer segmentation, and conflict-affected operating environment.
• Al-Tadamun Microfinance: Egyptian MFI providing group lending, individual loans, and savings products to micro-entrepreneurs and small farmers. Directly comparable in borrower segmentation (especially small farmers) and Islamic-finance compatible product offerings.
• Al-Majmoua: Lebanon's leading MFI with a similar community-based microfinance model and women's empowerment focus. Closest functional peer due to shared Levantine operating context and similar target borrower profile.

Broad incumbents

• Akhuwat: Pakistan-based MFI and the world's largest community-based microfinance program by outreach. Comparable Qard-ul-Hassan-style lending model and social-mission positioning, serving as a benchmark for MFI scale even if geographically distant.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCfncR9xrJoebrsUv0AfbbPg
• Facebookfacebook.com/IbdaaBank
• LinkedInlinkedin.com/company/ibdaabanksyria
• Instagraminstagram.com/ibdaabank/?utm_medium=copy_link

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Ibdaa Bank for MicroFinance - Syria