JIB is a Strategic Partner of the CIBAFI Second Global Forum

Jordan Islamic Bank (JIB) provided the support and sponsorship through its strategic partnership with  the General Council  of Islamic Banks and Financial Institutions (CIBAFI) in association with the Association of Banks in Jordan (ABJ) to organize and hold the second Global Forum titled “Essential Renovation of Banking Practices Towards Resilience and Shared Prosperity” which was convened in Amman at Four seasons Hotel during the period 8-9 May 2017 under the patronage of H.E Dr. Ziad Fariz, the Governor of the Central Bank of Jordan (CBJ) and H.E Sheikh Saleh Kamel, Chairman of CIBAFI with participation of Mr. Musa Shihadeh , CEO – General Manager of JIB and some banks’ managers , stakeholders from the Islamic finance industry, multilateral development institutions, international and national regulatory bodies, policy-makers, and academia from Asia, Africa, Middle East and Europe discussed some of the most important latest developments, opinions and insights of making the Islamic finance industry of an equal footing with the conventional financial world. H.E Sheikh Saleh Kamel  handed Mr. Musa Shihadeh an honorable shield in appreciation of JIB‘s role in its strategic partnership to support the forum and for hosting the CIBAFI’s meetings , commending the bank’s distinguished and successful role in Islamic banking business In Jordan. Mr. Musa Shihadeh delivered welcoming remarks in the inaugural of the forum In which he welcomed the participants and commended the strategic partnership with CIBAFI and making a room for specialists in Islamic financial services sector to meet and discuss to preserve the earnings  that Islamic banking business achieved and continue the development and reach under the uncertainty circumstance and  being prepared to face changes, developments and international approaches and the governance of their operations. He commended the governmental, supervisory and executive authorities in Jordan for taking into consideration the particularity of Islamic banks, where Jordan is considered a model for the legitimate , legal amendments and control systems that take a notice of the particularity of Islamic banking business since ensuring the Islamic financial services in 1978 by the incorporation of Jordan Islamic Bank  by Jordanian and Arab initiative represented by H.E Sheikh Saleh Kamel , the supporter of Islamic banking since its establishment to be the first Islamic bank Jordan that puts Jordan’s experience in Islamic banking on the map of Islamic banking business  by holding a pioneer position in Islamic banking abroad and an advanced status among 25 operating banks in Jordan occupying the third rank among conventional and Islamic banks and the first among Islamic banks in terms of assets, balances of saving schemes and balances of finance and investment. He added as well that through 4 banks and some companies that apply Islamic Sharia, Islamic banking In Jordan was able at the end of 2016  to hold 16.5% of the banks’ assets , 21.4% of deposits and investment accounts and 24.4% of the finance and investment, welcoming such meetings which contribute to support Islamic banking industry, asserting the continuation of the bank’s contribution to support more meetings which support Islamic banking business. For his part, Mr. Abdelilah Belatik, Secretary General of CIBAFI said we are pleased with our strategic partnership with JIB , the primary supporter of the activities of CIBAFI since its incorporation and its efficient contribution to the success of the forum and we appreciate the cooperation of the Central Bank of Jordan and Association of Banks in Jordan to the success of the global forum which support the business of Islamic financial institutions and Islamic financial industry.