Safwa Islamic Bank Stock

Safwa Islamic Bank, together with its subsidiaries, provides various banking products and services. The company operates as a subsidiary of Etihad Islamic Investment Company.

The bank provides all financial banking and structured investment services on a non-Interest basis in accordance with Islamic shari'a through the bank's head office and its branches within the Kingdom and its subsidiary, in accordance with the effective Banking Law.

Segments

The company operates through three segments: Retail Accounts; Corporate Accounts; and Treasury.

Retail Accounts

This segment follows up on the unrestricted investment accounts, deferred sales receivables, financings, and other services related to retail.

Corporate Accounts

This segment handles unrestricted investment accounts, deferred sales receivables, financings, and other banking services related to corporate customers.

Treasury

This segment handles the services of brokerage, treasury and management of the bank's funds.

History

Safwa Islamic Bank was incorporated in 1963.