alinma Bank was established in 2006 as a full-fledged Shariah-compliant banking services provider. As of March 2025, it had 5.8 million customers across Saudi Arabia. In October 2024, the bank signed a $756 million Murabaha financing agreement with Bahri to partially fund the purchase of nine modern oil tankers. The bank’s net income jumped by 20.5% in 2024 to $1.6 billion. In April 2025, the bank signed a $200 million Sharia-compliant term loan facility with ACWA Power and launched a Freelance Card, in partnership with the Social Development Bank.