BLOM DEVELOPMENT BANK is a full-fledged Islamic bank that was established in February 2006 and became operational in March 2007. It carries out its banking practices in compliance with the provision of the Islamic Sharia'ah and pursuant to the instructions and regulations of the Lebanese Central Bank (Banque du Liban). The Bank also abides by the rules of its Sharia'ah Board which consists of three prominent Sharia'ah scholars.
BLOM DEVELOPMENT BANK covers the whole spectrum of banking services including the acceptance of deposits, the provision of various Islamic investment and financing solutions supported by superior retail and corporate banking services, tailor made to the satisfaction of its clients . Since its inception, BLOM DEVELOPMENT BANK continues to make progress on its three-front strategy of growing the core business, broadening the scope of operations and expanding its product range. To that end, the Bank explored various alternatives in developing innovative and competitive long to medium term financing solutions available in certain Islamic financing structures; the implementation of which is still facing some difficulties in the Lebanese market due to the lack of supportive legislation.
To be the preferred Islamic Financial Partner, going beyond boundaries to grow along with our clients.
- To enhance customer service and convenience and build loyalty with our customers.
- Retain and nurture talented employees.
- Consistent value maximization to our shareholders.
- Social commitment to the community.
- Transparency in presenting our products and services.
Building strong and resilient relationships with our clients and partners based on trust and reliability pursuant to the provisions of the Islamic Sharia'ah, thus ensuring Peace of Mind to all our stakeholders.