The service and financial system of the bank are based on Sharia rules or the so-called Islamic banking. This distinguishes Alinma Bank from its competitors and makes it attractive for partners who see this as steady income growth.
Islamic banking law prohibits mortgage interest, speculation and futures transactions. Alinma Bank is engaged in project investment: does not receive interest, studies a client, offers a business strategy, and analyzes risks.
The Bank believes that Islamic values should form the basis of relations with partners. Alinma Bank’s guiding principles are also innovation and excellence.
The company’s policy is aimed at combating money laundering and terrorist financing. The bank focuses its work on risk assessment; therefore, any negative aspects associated with the client are carefully evaluated and analyzed.
The main advantage of the bank is the ability to buy shares without risk.
There are many reasons to think so:
Over the past decade, the bank has been awarded national and international awards more than once. Only in 2019, there were four of them: “The best digital banking service for clients” (World Union of Arab Banks, 2019), “Excellent Islamic Banking” (Finnovex, 2019), “Islamic Bank of the Year KSA” (The Banker, 2019), “CEO of the Year” (Global Islamic Finance Awards, 2019).
In July 2019, Alinma Bank’s CEO, Abdulmohsen Al-Fares, delivered a speech at IFLP, the Cambridge Islamic Finance Leadership Program.
As you can see, in Alinma Bank, there is steady financial growth, which corresponds to its strategy and plan, and for traders is an excellent opportunity to invest and make a profit.
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