Wallets/alinma
Alinma Bank
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Overview
Alinma Bank is a Saudi joint stock company formed Mar 28 2006 Royal Decree M/15 + Mar 27 2007 Ministerial Resolution 42 + Saudi pure Islamic banking focus [1, 2, sa-cro]. 2025 baseline: Alinma Bank SAR 20B share capital + 1.5B shares + SAR 10 nominal value; Alinma Bank Forbes Middle East 30 Most Valuable Banks 2025 rank 10; Alinma provides comprehensive range of Shariah-compliant retail + corporate banking + investment services serving clients through nationwide network of branches + ATMs + Alinma Internet + Alinma Phone + Alinma Mobile + Alinma App for smart devices.
Distinctive Alinma Bank positioning [1, 2, 3]:
- Saudi joint stock company formed Mar 28 2006 Royal Decree M/15 + Mar 27 2007 Ministerial Resolution 42 (post-Saudi Vision 2020 Islamic banking expansion)
- Saudi pure Islamic banking focus without conventional conflicts (while other Saudi banks like SNB and BSF offer Islamic banking divisions within broader platforms; Alinma is pure-Islamic Saudi banking)
- Alinma Bank SAR 20B share capital + 1.5B shares + SAR 10 nominal value
- Alinma Bank Forbes Middle East 30 Most Valuable Banks 2025 rank 10
- Alinma Pay Prepaid Cards (Alinma Pay distinctive Saudi Islamic banking prepaid card)
- Alinma Internet + Alinma Phone + Alinma Mobile + Alinma App (multi-channel Saudi Islamic banking distribution)
- Alinma + IBM WebSphere Liberty partnership (distinctive Saudi Islamic banking + IBM digital infrastructure partnership)
History
Mar 28 2006 — Alinma Bank Royal Decree No. M/15 founding Saudi Vision 2020 Islamic banking expansion → distinctive Saudi pure Islamic banking heritage.
Mar 27 2007 — Alinma Bank Ministerial Resolution No. 42 finalization with share capital of SAR 20B (1.5B shares + SAR 10 nominal value each).
2008 — Alinma Bank Tadawul IPO + Alinma Bank starts Saudi pure Islamic banking operations.
2010 — Alinma Mobile banking app launches.
2025 — Alinma Bank Forbes Middle East 30 Most Valuable Banks 2025 rank 10 + Alinma Pay Prepaid Cards distinctive Saudi Islamic banking [1, 2, 3].
Ownership & operator
Operating entity: Alinma Bank (Tadawul: 1150).
Major shareholders: PIF (Public Investment Fund Saudi state) + GOSI (General Organization for Social Insurance Saudi state) + PPA (Public Pension Agency Saudi state) + Saudi institutional + Saudi retail public float.
Regulator: SAMA (Saudi Central Bank).
Technical integration
Alinma Mobile banking app (iOS + Android) + alinma.com online + Alinma cards (Visa + Mastercard + mada) + Alinma Saudi branch network + ATMs; SARIE + SADAD + mada (Saudi national payment system); Alinma Internet + Alinma Phone + Alinma Mobile + Alinma App (multi-channel Saudi Islamic banking distribution); Alinma Pay Prepaid Cards (Alinma Pay distinctive Saudi Islamic banking prepaid card); Alinma + IBM WebSphere Liberty distinctive Saudi Islamic banking + IBM digital infrastructure partnership.
Users & growth
2025: Alinma Bank Forbes Middle East 30 Most Valuable Banks 2025 rank 10.
Use cases
Saudi retail + private + corporate + SME + investment + Shariah-compliant banking via Alinma Mobile + alinma.com online + cards + branches + ATMs; SARIE + SADAD + mada (Saudi national payment system); Alinma Pay Prepaid Cards distinctive Saudi Islamic banking; Saudi pure Islamic banking focus without conventional conflicts.
Implementations & partners
Operator: Alinma Bank (Tadawul: 1150); PIF (Public Investment Fund Saudi state) + GOSI (General Organization for Social Insurance Saudi state) + PPA (Public Pension Agency Saudi state) + Saudi institutional + Saudi retail public float.
Strategic partnerships: Alinma + IBM WebSphere Liberty partnership (distinctive Saudi Islamic banking + IBM digital infrastructure partnership).
Major Saudi banking competitors: [[saudi-national-bank]] (Saudi National Bank; Saudi Arabia's largest bank by assets; post-Apr 2021 SNB + Samba Financial Group $15B merger) + [[al-rajhi-bank]] (Saudi Arabia's largest Islamic bank by assets; Saudi pure Islamic banking + 1957 Al Rajhi family founding) + [[saudi-awwal-bank]] (Saudi Awwal Bank; formerly SABB; Saudi Arabia's 3rd largest bank post-merger; HSBC minority shareholder; Apr 2023 SAB rebrand) + [[riyad-bank]] (Saudi Arabia 3rd-4th largest bank; PIF + GOSI + Saudi state shareholders) + [[anb]] (Arab National Bank; 40% Arab Bank Jordanian + Saudi state + private Saudi shareholders) + [[bsf]] (Banque Saudi Fransi; Crédit Agricole French + Kingdom Holding + Saudi state shareholders).
Regulator: SAMA.
Fun facts
- Saudi joint stock company formed Mar 28 2006 Royal Decree M/15 + Mar 27 2007 Ministerial Resolution 42 (post-Saudi Vision 2020 Islamic banking expansion).
- Saudi pure Islamic banking focus without conventional conflicts (while other Saudi banks like SNB and BSF offer Islamic banking divisions within broader platforms; Alinma is pure-Islamic Saudi banking).
- Alinma Bank SAR 20B share capital + 1.5B shares + SAR 10 nominal value.
- Alinma Bank Forbes Middle East 30 Most Valuable Banks 2025 rank 10.
- Alinma Pay Prepaid Cards (Alinma Pay distinctive Saudi Islamic banking prepaid card).
- Alinma Internet + Alinma Phone + Alinma Mobile + Alinma App (multi-channel Saudi Islamic banking distribution).
- Alinma + IBM WebSphere Liberty partnership (distinctive Saudi Islamic banking + IBM digital infrastructure partnership).
Comparison
| Feature | Alinma Bank | [[saudi-national-bank]] (Saudi National Bank; Saudi Arabia's largest bank by assets rival; post-Apr 2021 SNB + Samba Financial Group $15B merger) | [[al-rajhi-bank]] (Saudi Arabia's largest Islamic bank by assets rival; Saudi pure Islamic banking + 1957 Al Rajhi family founding) | [[saudi-awwal-bank]] (Saudi Awwal Bank; formerly SABB rival; Saudi Arabia's 3rd largest bank post-merger; HSBC minority shareholder; Apr 2023 SAB rebrand) | [[riyad-bank]] (Saudi Arabia 3rd-4th largest bank rival; PIF + GOSI + Saudi state shareholders) |
|---|---|---|---|---|---|
| Operator | Alinma Bank (Tadawul: 1150) | Saudi National Bank (SNB; Tadawul: 1180; post-Apr 2021 NCB + Samba Financial Group $15B merger) | Al Rajhi Bank (Tadawul: 1120) | Saudi Awwal Bank (SAB; Tadawul: 1060) | Riyad Bank (Tadawul: 1010) |
| Type | Saudi joint stock company formed Mar 28 2006 Royal Decree M/15 + Mar 27 2007 Ministerial Resolution 42 + Saudi pure Islamic banking focus without conventional conflicts + SAR 20B share capital + 1.5B shares + Forbes Middle East 30 Most Valuable Banks 2025 rank 10 + Alinma Pay Prepaid Cards + Alinma + IBM WebSphere Liberty partnership | Saudi Arabia's largest bank by assets + post-Apr 2021 SNB + Samba Financial Group $15B merger + SNB Quick distinctive Saudi banking app | Saudi Arabia's largest Islamic bank by assets + Al Rajhi Mobile app + 1957 Al Rajhi family founding | Post-Jun 16 2019 SABB + Alawwal legal merger + Mar 14 2021 fully integrated + Apr 2023 SAB rebrand + Saudi Arabia's 3rd largest bank + HSBC minority shareholder + 85% digital adoption + SAB 360° | Saudi Arabia 3rd-4th largest bank + PIF + GOSI + Saudi state shareholders + Riyad Mobile |
| Country | SA | SA + 7+ countries | SA + 4+ countries | SA | SA + 4+ countries |
| Distinctive | Mar 28 2006 Royal Decree M/15 founding; Mar 27 2007 Ministerial Resolution 42; 2008 Tadawul IPO; 2010 Alinma Mobile launch; Saudi pure Islamic banking focus without conventional conflicts; PIF + GOSI + PPA Saudi state shareholders; Alinma + IBM WebSphere Liberty partnership; Forbes Middle East 30 Most Valuable Banks 2025 rank 10 | 1953 Saudi British Bank founding; 1981 NCB founding; Apr 1 2021 NCB + Samba Financial Group $15B merger → SNB | 1957 Al Rajhi Bank founding by Al Rajhi family | 1926 Alawwal Bank ultimate predecessor founding; 1978 Saudi British Bank (SABB) founding; Jun 16 2019 SABB + Alawwal legal merger; Apr 2023 SAB rebrand | 1957 Riyad Bank founding |
Status
Active, Saudi joint stock company formed Mar 28 2006 Royal Decree M/15 + Saudi pure Islamic banking focus [1, 2, 3]:
- Alinma Bank (Tadawul: 1150) since Mar 28 2006 Royal Decree M/15 + Mar 27 2007 Ministerial Resolution 42 founding + 2008 Tadawul IPO.
- Saudi pure Islamic banking focus without conventional conflicts + SAR 20B share capital + 1.5B shares + SAR 10 nominal value.
- Alinma Bank Forbes Middle East 30 Most Valuable Banks 2025 rank 10.
- PIF + GOSI + PPA Saudi state shareholders + Alinma + IBM WebSphere Liberty partnership.
- SAMA regulated.
Sources
- 1 Alinma Bank — Wikipedia
- 2 Alinma Bank — official
- 3 Best Mobile Banking Apps in Saudi Arabia (2025) — Giraffy
- sa-cro In-corpus:
reports/countries/SA-saudi-arabia.md
Source
Biography extracted from alinma.md. See matrix.md for standards-support matrix if present.