JIB issues its fourth report on social responsibility 2015

Jordan Islamic Bank ( JIB ) issued its report on social responsibility for the year 2015 for the fourth consecutive year in Arabic and English languages to shed light on the elite of our Bank’s social activities which assert the bank’s continuation to perform its social role besides its economic role as a pioneer Islamic financial institution in Islamic banking business whose practices are based on a system of values and rules which control its trajectory, determine its milestones, and regulate its policies in order to achieve its goals. The bank's commitment to Sharia' Law requires its activities to aim not only for the fulfillment of material needs, but also for the practical embodiment of Islamic values in reality. Mr. Musa Shihadeh, CEO – General Manager of JIB said we are pleased with the bank’s achievements during 2015 and its contribution to strengthen the pillars of Islamic banking in Jordan ,which is one of the pillars of the national economy and local community, taking Jordan's experience in the Islamic banking of various roles on the map of international Islamic banking. JIB achieved a grow in most of its financial indicators. At the end of 2015, its assets reached 3.8 billion dinars and its saving schemes 3.4 billion dinars, while its investments peaked at 2.8 billion dinars. Shareholder equity reached approximately 311 million dinars, and the bank now operates 73 branches and 20 offices, and employs roughly 2148 employees. As a confirmation of our Bank successful role in the area of social responsibility and sustainable development, our bank was awarded the Arab Organization for Social Responsibility Award at the level of the Arab region for 2015, the Golden Shield of Excellence and the (ISO 26000) from the International Organization for Standardization/ Geneva for it participation in the use of the ISO guidance in the social responsibility project in the Middle East and North Africa. The bank’s social contribution during 2015 represented in the continuation to work in the field of sustainable development, raise society and increase productivity through providing distinguished programs which support small &medium enterprises and contribute to solve unemployment and poverty based on principles derived from its vision and mission to achieve the concept of social sustainability that meet the needs of local community and support national economy by concluding partnerships with official governmental institutions and civil community organizations in addition to provide products that are responsible socially and contribute to protect environment and culture. Moreover, JIB contributes and participates in initiatives and programs that benefit society to achieve the comprehensive vision in the field of sustainability whose impact reflect positively on all. The most prominent social responsibility programs carried out by the bank during 2015 represented inproviding a monetary support for many activities in different fields, providing AlQard AlHassan, ensuring mutual insurance fund for the bank’s debtors , ensuring craftsmen and professionals financing program, the sponsorship of conferences and seminars, the cooperation with many educational and rehabilitation bodies, sponsorship of matters related to the Holy Quran , supporting a number of agencies connected to literature, the arts, culture and heritage, Health, energy and environment, people with Special Needs, Underprivileged Communities and the Poor, interaction with and development of local society and provision of housing. Shihadeh added that social responsibility report included the most important developments undertaken by the bank’s management to expand and develop the social role of the bank through preparing and updating the corporate governance guide as of 27/7/2015 and posted it on its website (www.jordanislamicbank.com) to comply with it. There is a social responsibility committee at the Board of Directors level and another one at the Executive Management level. A social responsibility unit was created in the Bank’s organizational structure reporting to the Studies and Social Responsibility Department. Stating the objectives of Strategic Sustainability Plan  and the objectives of Strategic Secondary Plan, in addition to adopt the social responsibility plan for 2016which includes: continue to participate in various activities on social responsibility related to the provision of donations to different parties, sponsoring conferences, seminars and workshops, providing Al Qard Al Hasan, take care of the affairs of the Holy Quran, interaction with civil society and its development ... etc, continue funding health and education sectors and make donations to them, endeavor to create new jobs opportunities by financing small, medium, and micro enterprises and provide social contribution in these sectors, continue with the renewable energy and water consumption programs, Continue sending short messages to customers encouraging them to rationalize the use of energy, increase the training hours for the Bank’s employees, encourage the employees to participate in social activities and volunteering work, investment Agreement in cooperation with the Central Bank of Jordan for the funding windows supporting some economic sectors (information technology, renewable energy, tourism, industry, agriculture),Contribute to the emerging small businesses loan fund (Startups) project with the Jordan Loan Guarantee Corporation, financing the hybrid cars and electric power-operating cars. Shihadeh emphasized the bank’s continuation to assume its social responsibilities to be always in the lead in its various performances whether, economic, developmental or social, sitting the comprehensive details of its social activities in the bank’s social responsibility report for the year 2015 to benefit all people who want to  all people who want to be familiarized with.