SUDAN
Beyond Common Perceptions






Mr. SALAH ABU NAGA

Interview with Mr. SALAH ABU NAGA
General Manager
Read our exclusive interview


TADAMON ISLAMIC BANK PUBLIC LIMITED COMPANY

Baladia Street
P.O. Box: 3154
Khartoum, Sudan
Telex: 22158/22687/22688 Daman
Fax: + 249-11-773840/781723/785834
Tel.: + 249-11-771210/771505/771845/771407/771085
SWIFT: TIPSDKHA

Website: http://www.tadamonbank.com
E-mail: tadamon@sudanmail.net
BASIC INFORMATION

Name: Tadamon Islamic Bank Public Limited Company
Established: 28/11/1981
Commenced Operations: 24/3/1983
Authorised Capital: US$ 50 Million
Paid up Capital: US$ 20 Million
Activities: Commercial Banking on Islamic Principles

ORGANIZATION

Tadamon Islamic Bank was established as a public company with a limited liability and registered in Khartoum, Sudan on 28 November 1981 according to 1925 Sudanese Companies Act, which authorised the Bank to carry out all banking, financial, trading and investment operations as follows:

a) Opening current accounts
b) Accepting unrestricted investment accounts and combine the same with those of the Bank and investing them in accordance with Islamic Shari'a.
c) Managing the investments of other parties' funds as an agent for a fixed fee or as a Mudarib and any other banking activities that don't contradict the provisions of the noble Islamic Shari'a.
d) Industrial, commercial and agricultural business activities, etc. either directly or through companies it may establish, or in which the Bank may acquire shares.
e) Leasing and purchasing lands and constructing buildings and renting them out
f) Spot foreign exchange dealings.



The Bank carries out its business activities through its head office in Khartoum and its branches totalling 19 branches inside the Sudan in the following towns:
Khartoum (Albaladia, Albarlaman, Al Saggana), Elsouque Alarbi, Omdurman, Sadgishra Souque Lybia, Port Sudan, Kassala, Kraima, wad Medani, Sinnar, Algadarif, Al Managil, Kosti, Alrahad, Alobied, Aldien, Nyala and four sub-branches in the following towns:
Khartoum (Alkalakla)Kosti (Al Souque Alshaabi), Nyala (Al Souaque Alganobi), Port Sudan (Almantiga Alhora) in addition to the following three subsidiary companies:
Name: Country: Equity % Business

Tadamon Real State Company Sudanese 99% Real State contracting
Tadamon Trading Company Sudanese 99% Trading Investments
Tadamon Agricultural Company Sudanese 99% Agricultural Investments

EXECUTIVE MANAGEMENT

General Manager:
Sayed: Salah Eldeen Ali Abul Naga

Deputies, General Manager:
Sayed: Abd Alla Nogd Alla Ahmaidi
Sayed: Suliman Hashim Mohammed

Assistants, General Manager:
Sayed: Ahmed Mohammed Ahmed Almustafa
Sayed: Musaad Mohammed Ahmed Abdel Kareem
Sayed: Ahmed Elbadawi Abd Elazeem
Sayed: Abass Abd Allah Abass

BOARD OF DIRECTORS

1. Sayed: Altigani Hassan Hilal - Chairman
2. Sayed: Nur Eldin Sayed Elsayed - Deputy
3. Sayed: Ibrahim Hamid Abdussalam - Member
4. Sayed: Abu Bakr Alamin Aldosogi - Member
5. Sayed: Alsheikh Abdulbasit Ali - Member
6. Sayed: Khedir Hasan Kambal - Member
7. Sayed: Abdulgadir Hussain Gafar - Member
8. Sayed: Abdalla Ibrahim Alsubaie - Member
9. Sayed: Dr. Abdulmoniem Khojali Osman - Member
10. Sayed: Ali Khedir Hassan Kambal - Member
11. Sayed: Fadul Ukasha Fadul - Member
12. Elgadassi Company for Trade and Marketing - Member
13. Sayed: Mohammed Alkhair Abel Gadir - Member
14. Sayed: Eng. Moneir Yousif Elhakeem - Member
15. El Augaaf Islamic Corporation - Member

Secretary, Board of Directors:
Sayed: Khaid Mukhtar Ahmed

Sharia Advisor:
Sayed: Mukhawi Mudawi Mukhawi

Legal Advisor:
Sayed: Fathi Khalil Mohammed

Auditors:
Messers; Adar & Co.

  Read on  

© World INvestment NEws, 2002.
This is the electronic edition of the special country report on Sudan published in Far Eastern Economic REVIEW.
September 5th, 2002 Issue.
Developed by AgenciaE.Tv