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Date : Jul 2, 2023
International financial Euromoney magazine announced that it has awarded Jordan Islamic Bank the award for the best Islamic bank in Jordan for the year 2023 for the first time as part of the excellence awards granted by the magazine to honor distinguished Islamic financial institutions at the level of their countries, which are distinguished by their record of achievements, creativity and leadership in Islamic financial and banking services to their customers.
The magazine's report stated that Jordan Islamic Bank won this award in recognition of its achievements over the past 45 years, as it has steadily developed its banking, financing and investment business in accordance with the principles and provisions of Islamic Sharia, with its commitment to corporate governance instructions and the instructions issued by the Central Bank of Jordan in particular.
Jordan Islamic Bank ranks third among Jordanian banks in terms of deposits, financing and investment, and fourth in total assets.
The return on equity in 2022 was about 11.9%, the capital adequacy ratio was 21.2%, shareholders' equity increased to more than $734 million, and the coverage ratio of Non- Performing Financing (NPF) reached 100%.
In order to keep pace with digital services, Jordan Islamic Bank launched additional services and applications on Islami Mobile that made it ahead of its competitors, including cards, installments, Crave inquiry... etc. The bank also developed its electronic platforms to provide the best digital banking services to its customers, and its banking applications are now on the Internet, branches and digital corners "Islami Digital" provide customers with a unique and secure banking experience.
On the level of its corporate clients, it has launched new online banking services, including social security payment options, direct debit functions, and improved electronic payment services in partnership with eFAWATEERcom.
On this occasion, Dr. Hussein Said, Chief Executive Officer and General Manager of Jordan Islamic Bank, said, "Our bank's obtaining this prestigious award from Euromoney magazine for the first time is a new achievement added to the balance of distinguished awards for our bank, which consolidates its leading banking position in the Islamic banking business, and confirms its ability in dealing with various challenges fortified with competitive efficiency at various levels and achieving outstanding results with its continuous keenness to keep abreast of the latest technological developments that enhance its digital banking services and products that are compatible with the provisions and principles of Islamic Sharia, which achieve its strategy and future vision with distinction and continuous development.