# Alinma Bank

> Source: https://docs.barcoder.ai/docs/wallets/alinma
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Alinma Bank — official](https://www.alinma.com/)

## 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** <sup>[1][1], [2][2], [Saudi Arabia report](https://docs.barcoder.ai/docs/payments/SA)</sup>. **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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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 <sup>[1][1], [2][2], [3][3]</sup>.

## 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 (SNB)](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/al-rajhi-bank) (Saudi Arabia's largest Islamic bank by assets; Saudi pure Islamic banking + 1957 Al Rajhi family founding) + [Saudi Awwal Bank (SAB)](https://docs.barcoder.ai/docs/wallets/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 + Riyad Mobile](https://docs.barcoder.ai/docs/wallets/riyad-bank) (Saudi Arabia 3rd-4th largest bank; PIF + GOSI + Saudi state shareholders) + [Arab National Bank](https://docs.barcoder.ai/docs/wallets/arab-national-bank) (Arab National Bank; 40% Arab Bank Jordanian + Saudi state + private Saudi shareholders) + [Banque Saudi Fransi (BSF Mobile)](https://docs.barcoder.ai/docs/wallets/banque-saudi-fransi) (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 (SNB)](https://docs.barcoder.ai/docs/wallets/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](https://docs.barcoder.ai/docs/wallets/al-rajhi-bank) (Saudi Arabia's largest Islamic bank by assets rival; Saudi pure Islamic banking + 1957 Al Rajhi family founding) | [Saudi Awwal Bank (SAB)](https://docs.barcoder.ai/docs/wallets/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 + Riyad Mobile](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [2][2], [3][3]</sup>:
- **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]: https://en.wikipedia.org/wiki/Alinma_Bank "Alinma Bank — Wikipedia"
[2]: https://www.alinma.com/en/ "Alinma Bank — official"
[3]: https://giraffy.com/ksa/en/learn/banking-money/accounts/best-apps "Best Mobile Banking Apps in Saudi Arabia (2025) — Giraffy"
[sa-cro]: https://docs.barcoder.ai/docs/payments/SA

- [1] [Alinma Bank — Wikipedia][1]
- [2] [Alinma Bank — official][2]
- [3] [Best Mobile Banking Apps in Saudi Arabia (2025) — Giraffy][3]
- <sup>[Saudi Arabia report](https://docs.barcoder.ai/docs/payments/SA)</sup> In-corpus: `reports/countries/SA-saudi-arabia.md`

## Source

Biography extracted from [alinma.md](https://docs.barcoder.ai/source/wallets/alinma). See `matrix.md` for standards-support matrix if present.