The Sudanese Islamic Bank has extensive experience in foreign trade, with a diverse client base thanks to its wide geographical reach across Sudan, including border crossings. This positioning has enabled the bank to build expertise in various areas, including exports and imports, money transfers, and transit trade with neighboring countries.
To better serve its clients, the Sudanese Islamic Bank established a dedicated department for foreign trade, initially named the "International Department," which was later renamed to the "External Relations Department" to enhance service inclusivity and efficiency. Under the External Relations Department, the Financial Institutions Department manages correspondent bank accounts, conducts accounting settlements, and offers products tailored to clients’ needs. This department also addresses customer challenges and ensures compliance with regulatory requirements, establishing a global network of correspondents across several countries, facilitating financial transactions for clients.
Bank Code
Country
Correspondent Bank
Currency
CAYTTRISXXX
Turkey
Turkish Activity Bank – Istanbul
USD- EUR- AED
NILBAEAAXXX
United Arab Emirates
Nilein Bank – Abu Dhabi
AED
ABDIAEADXXX
United Arab Emirates
Abu Dhabi Islamic Bank – Abu Dhabi
AED
BOKNBHBMXXX
Bahrain
Bank of Khartoum – Bahrain
AED- USD
CBETETAADOC
Ethiopia
Commercial Bank of Ethiopia – Addis Ababa
USD
NCBKSAAJEXXX
Saudi Arabia
Saudi National Bank – Jeddah
SAR
BJAZSAJEXXX
Saudi Arabia
Bank AlJazira – Jeddah
SAR
The bank is also dedicated to maintaining compliance with regulatory standards and implementing all evolving global regulatory requirements. We take pride in being one of the banks that strictly adhere to transparency, regulatory guidance, laws, and regulations, ensuring transparency in all transactions with correspondent banks.