Participants

Buna has successfully managed to build a rapidly growing network of participants from across the Arab region and continues its efforts to welcome all eligible institutions to join the network and utilize its services.

Buna welcomes the inclusion of all central banks, commercial banks, or any other financial institution that meet all the eligibility criteria and conditions for participation, primarily the standards and procedures of compliance aspects. Once any of the mentioned entities is accepted by the organization to submit its transactions directly to the system, it will be considered as a participant. Participants can submit and receive payments directly to Buna system and make use of the full range of Buna services.

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Applicant Eligibility Criteria

To ensure the safety of its ecosystem, Buna only accepts applications from banks and any other financial institution which meet a set of criteria related to adherence to regulations, compliance requirements, technical capabilities, and capital requirements. The list of pre-requisites includes and is not limited to:

  • Being a licensed financial institution that is supervised, regulated, and authorized by governmental authorities.
  • The head office of the applicant must not be located in a jurisdiction or country that belongs to, or whose currency belongs to specific international sanctions lists.
  • An applicant must adhere to Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), anti-corruption, all other compliance requirements with adequate capabilities to detect and act on suspicious and illegal activities.
  • An applicant must have technical and operational capabilities and must meet all the relevant requirements to securely connect and transact through the Buna system.
  • An applicant must hold and maintain capital in accordance with the capital requirements of their home state regulatory authorities, provided that these capital requirements are aligned with the minimum standards established by the Basel Committee on Banking Supervision.

List of Buna Participants

  • Abu Dhabi Commercial Bank PJSC
  • Abu Dhabi Islamic Bank
  • Agricultural Bank of Egypt
  • Ahli Bank S.A.O.G.
  • Al Ahli Bank of Kuwait - Egypt
  • Al Arabiya Islamic Bank (Suspended)*
  • Al Baraka Bank Egypt S.A.E.
  • Al Baraka Bank Tunisia
  • Al Barid Bank
  • Al Janoob Islamic Bank (Suspended)*
  • Al Rajhi Banking and Investment Corporation - Jordan
  • Al Salam Bank SPA Algeria
  • Albaraka Turk Participation Bank
  • Ameen AL-Iraq Islamic Bank
  • Amen Bank
  • Arab Banking Corporation Algeria
  • Arab Jordan Investment Bank
  • Arab Monetary Fund
  • Arab National Bank
  • Arab Trade Financing Program
  • Ashur International Bank (Suspended)*
  • Attijariwafa Bank
  • Attijariwafa Bank Egypt
  • BH Bank
  • Bank Al Etihad
  • Bank Al Jazira
  • Bank Al Maghrib
  • Bank AlBilad
  • Bank Audi
  • Bank Dhofar SAOG
  • Bank Muscat (S.A.O.G)
  • Bank Nizwa SAOG
  • Bank of Africa
  • Bank of Algeria
  • Bank of Baghdad
  • Bank of Bahrain and Kuwait B.S.C
  • Banque Al Baraka D'Algerie
  • Banque Alwava Mauritanniene Islamique (BAMIS)
  • Banque Centrale Populaire
  • Banque De Developpmement Local
  • Banque Extérieure D'Algérie
  • Banque Libano-Francaise
  • Banque Misr
  • Banque Misr UAE
  • Banque Nationale Agricole
  • Banque Nationale d'Algérie
  • Banque Zitouna
  • Banque de L'agriculture et du développement Rural, SPA
  • Banque de Tunisie et des Emirats
  • Banque du Caire
  • Blom Bank
  • CREDIT POPULAIRE D'ALGERIE
  • Cairo Amman Bank
  • Capital Bank of Jordan PLC
  • Central Bank of Egypt
  • Central Bank of Iraq
  • Central Bank of Jordan
  • Central Bank of Libya
  • Central Bank of Yemen
  • Cihan Bank
  • Commercial International Bank
  • Credit Libanais
  • Dubai Islamic Bank
  • Emirates Islamic Bank (P.J.S.C.)
  • Emirates NBD P.J.S.C.
  • Emirates National Bank of Dubai SAE
  • Faisal Islamic Bank
  • First Abu Dhabi Bank
  • First Iraqi Islamic Bank for Investment and Finance
  • Fransabank El Djazair SPA
  • Gulf Bank Algeria
  • Gulf Commercial Bank P.S.C.
  • Housing and Development Bank
  • INVESTBANK Jordan
  • International Development Bank
  • International Development Bank
  • Invest Bank
  • Iraqi Islamic Bank
  • Jordan Ahli Bank
  • Jordan Islamic Bank
  • Jordan Kuwait Bank
  • Kurdistan International Islamic Bank for Investment and Development (Suspended)*
  • Lebanon Gulf Bank
  • Mashreq Bank
  • Mashreq al-Arabi Bank
  • Natexis Algerie
  • National Bank of Egypt
  • National Bank of Iraq
  • National Bank of Oman SAOG
  • National Islamic Bank P.S.C
  • Oman Arab Bank (S.A.O.G)
  • QNB Al Ahli
  • Region Trade Bank
  • Safwa Islamic Bank
  • Salaam African Bank
  • Saudi Awwal Bank
  • Société Tunisienne de Banque
  • The Central Bank of Tunisia
  • The Housing Bank for Trade and Finance - Algeria
  • The National Bank of Ras Al Khaimah P.S.C.
  • The United Bank
  • Trade Bank of Iraq
  • United Arab Bank PJSC

 

*In alignment with the Buna Rules and Procedures, and our resolute commitment to upholding compliance and integrity, we have made the decision to temporarily suspend the participation of certain banks within Buna System. These suspensions have been prompted by events that occurred outside Buna system.