D360 Bank
| File:D360bank.png logo | |
Native name | D360 بنك |
|---|---|
| Digital Bank | |
| ISIN | 🆔 |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | , Riyadh , Saudi Arabia |
Area served 🗺️ | |
| Services | Providing banking services in accordance with the principles of Islamic Sharia |
| Owner | Chairman of the Board: Taha bin Abdullah Al-Quwaiz Acting CEO: Mohamed Ghunaim |
| Members | |
Number of employees | |
| 🌐 Website | www.d360.com |
| 📇 Address | |
| 📞 telephone | |
D360 Bank
D360 Bank is one of the Shariah-compliant digital banks, dedicated to integrating and enhancing banking services for people from all walks of life. The bank focuses on meeting the needs of financially underserved individuals and aims to provide banking services that are simple, convenient, and secure.
Establishment
Following a decision by the Saudi Council of Ministers, D360 Bank was founded by a group of financial and investment experts[1], in collaboration with the Public Investment Fund (PIF)[2] and Derayah Financial. The bank launched with a capital of SR 1.65 billion, positioning itself as one of the first digital banks in Saudi Arabia and a pioneer in modern Shariah-compliant financial services.
Facts About D360 Bank
D360 Bank adheres to the principles of Islamic Shariah and offers an innovative banking experience characterized by its speed, ease, and security. The bank operates under the supervision and directives of the Saudi Central Bank (SAMA)[3].
One of D360 Bank’s primary objectives is to bridge the gap between banks and customers by focusing on the specific requirements and desires of individuals, entrepreneurs, small and medium-sized enterprises (SMEs), and other financially unserved segments in the Kingdom.
D360 Bank aims to address the needs of its clientele by offering user-friendly banking products and services, leveraging advanced technology, data analysis, and innovation. Through these efforts, D360 Bank actively contributes to accelerating digital transformation and achieving the objectives outlined in the financial sector development program.
Services
D360 Bank currently provides a range of basic services, with plans to expand its offerings in the future. The bank also aims to strengthen its support for SMEs through public and private sector collaborations. In doing so, D360 Bank plays a crucial role in assisting various segments of society in managing their savings, investments, and overall financial portfolios.
Sources
References
- ↑ "The Minister of Finance and the Governor of the Saudi Arabian Central Bank Express Gratitude to Leadership for Council of Ministers' Approval of Licensing a Third Local Digital Bank".
- ↑ "Saudi Arabia Licenses D360 Digital Bank with Participation of the Public Investment Fund".
- ↑ "Saudi Cabinet Approves Licensing of Third Digital Bank". SAMA.gov. SAMA.
- ↑ "Revolutionizing Digital Banking: D360 Bank's Vision, Partnership, and Future - the Emirates Times". 23 May 2023.
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