JIB : Islamic Banks in Jordan Reality & Aspiration

Jordan Islamic Bank (JIB) held a lecture titled “ Islamic Banks in Jordan ; Reality & Aspiration “ in Amman Faculty for Financial and Administrative Sciences / Applied Balqa University through which the experience of JIB was exposed as a model of the reality and ambition of Islamic banks in Jordan and their abilities to attain tangible successes and efficient contribution in serving national economy  to manifest their capability to compete with international banks in terms of  products and service quality. Mr. Musa Shihadeh, General Manager of JIB  said our bank’s participation  with  academic universities and colleges to organize such meetings aims to disseminate Islamic banking culture among students and to clarify  Islamic banks’ status after the successes they achieved in the light of political and economic crisis which affected the economies of many countries in addition to place the experience of JIB for the students to benefit from it in the field of practical aspect in addition to the theoretical one. Assistant General Manager of JIB, Dr Musa Mubarak delivered the lecture on behalf of JIB with the presence of Dr Naim Alkadi, Dean of the faculty , heads of academic departments, and group of students while Dr. Ahmad Shammout managed the lecture in cooperation with students affairs on 12/3/2018. Dr. Musa Mubarak, explained the pioneering  experience of JIB in Islamic banking business and its development from the beginning till now and its reach the third rank among Jordanian banks in terms of assets, clients deposits , savings and investment and the first rank among Islamic banks in Jordan in addition to the growth the bank achieved in different financial indicators, shareholders’ equity and the bank’s capital achieving credit and sharia ratings and  international awards. He pointed out the strategic bases of JIB , and most importantly compliance with Sharia provisions, improving profitability and clients services. He referred also to the social role of the bank and its excellence in assuming its social responsibilities indicating the most prominent social activities the bank provides for local community including donations, AlQard AlHassan, mutual insurance fund etc… and its efficient contribution to support national economy through exposing the most important financings the bank provided throughout its course of business and covering health and educational sectors, Ministry of Finance and Supply , Electric Power Company, Petroleum Refinery company etc… He commended as well the reasonable policy of the Central Bank of Jordan (CBJ) that contributed to monetary stability in Jordan. At the end of the lecture, he answered the questions of students and received an honorary shield from Dr Naim Alkadi who commended the bank’s distinguished role in Jordanian banking sector and its pioneer experience which is a significant  model  in academic and research aspect.