Cham Bank is the first Islamic bank

Islamic banking

Islamic banking is banking or banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money...

 to be established in Syria. It started operations in 2007. The Bank's operations and activities are supervised by the Central Bank of Syria

Central Bank of Syria

The Central Bank of Syria is the central bank of Syria. The bank is located in Damascus with branches in major cities.-External links:...

.

Beside the Board of Directors, it has the Islamic Committee which supervises and audits the implementation of Islamic activities according to the Quran. The Islamic committee members are approved by the general assembly.

The major shareholder of the bank is The Commercial Bank of Kuwait which is the second largest bank in Kuwait.

The bank has branches in Damascus

Damascus

Damascus , commonly known in Syria as Al Sham , and as the City of Jasmine , is the capital and the second largest city of Syria after Aleppo, both are part of the country's 14 governorates. In addition to being one of the oldest continuously inhabited cities in the world, Damascus is a major...

, Aleppo

Aleppo

Aleppo is the largest city in Syria and the capital of Aleppo Governorate, the most populous Syrian governorate. With an official population of 2,301,570 , expanding to over 2.5 million in the metropolitan area, it is also one of the largest cities in the Levant...

, Hama

Hama

Hama is a city on the banks of the Orontes River in west-central Syria north of Damascus. It is the provincial capital of the Hama Governorate. Hama is the fourth-largest city in Syria—behind Aleppo, Damascus, and Homs—with a population of 696,863...

 and Daraa.