Question 1

What is Arab Sudanese Bank?

Accepted Answer

Arab Sudanese Bank is a commercial bank operating in Sudan, providing banking services under Islamic banking principles in accordance with Sudanese banking regulations. As one of the commercial banks registered with the Central Bank of Sudan, it serves individual and corporate customers throughout the country's banking system.

Question 2

When was Arab Sudanese Bank founded?

Accepted Answer

[Information not publicly available]. While the bank is listed among Sudan's commercial banks by the Central Bank of Sudan, specific founding details including the exact establishment date, original purpose, and founders are not readily available in public records.

Question 3

Where is Arab Sudanese Bank headquartered?

Accepted Answer

Arab Sudanese Bank is headquartered in Sudan, with operations registered under the Central Bank of Sudan's commercial bank locator system. Specific details about the headquarters location and regional offices are maintained by the Central Bank of Sudan.

Question 4

Where does Arab Sudanese Bank operate?

Accepted Answer

Arab Sudanese Bank operates within Sudan, serving customers through its branch network. Sudan's banking system underwent significant transformation following the complete Islamization of banking in 1992, and all commercial banks, including Arab Sudanese Bank, operate under Islamic banking principles as mandated by the Central Bank of Sudan.

Question 5

What services does Arab Sudanese Bank offer?

Accepted Answer

Arab Sudanese Bank provides Sharia-compliant banking services in accordance with Sudan's Islamic banking system. These services typically include deposit accounts, financing products conforming to Islamic principles, money transfer services, and trade finance. All banking operations are conducted in compliance with the Sharia High Supervisory Board guidelines established in 1993 to ensure compatibility with Islamic financial principles.

Question 6

What makes Arab Sudanese Bank unique?

Accepted Answer

Arab Sudanese Bank operates within Sudan's unique fully Islamic banking environment, where conventional interest-based banking was eliminated in 1992. All commercial banks in Sudan must comply with Islamic banking standards, making the entire banking sector Sharia-compliant. The bank serves a market that has experienced significant economic challenges, including the 2011 creation of South Sudan and ongoing economic disruptions, requiring resilience and adaptation to changing circumstances.

Question 7

What type of financial institution is Arab Sudanese Bank?

Accepted Answer

Arab Sudanese Bank is a commercial bank (bank tijari) operating under Sudan's Islamic banking system. In Sudan, all commercial banks must operate according to Sharia principles, making them Islamic commercial banks by regulatory requirement. This designation distinguishes them from specialized banks such as agricultural banks, development banks, or investment banks that serve specific sectors of the economy.

Arab Sudanese Bank

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About Arab Sudanese Bank in the Sudan