JIB & Jordan Nurses & Midwives Council Renew the mutual cooperation agreement

Jordan Islamic Bank (JIB) and Jordan Nurses & Midwives Council (JNMC) have renewed the mutual cooperation agreement which started in 2009 through which the bank continues to provide Islamic finances and banking services for the council’s associates, retirees and employees for the purposes of possessing houses or purchasing cars or furniture with competitive prices and comfortable conditions in compliance with sharia principles.  The agreement signed by JIB CEO, General Manager Mr. Musa Shihadeh and Head of JNMC Mr. Mohammad AlHatamleh , attended by deputies of the general manager of JIB and members of the council at the Head Office of the bank on Monday 29 /2/2016. On this occasion, Mr. Musa Shihadeh said we welcome the sustainability of the mutual cooperation with the Council, stressing the bank’s pioneer role in supporting national economy through maintaining the communication with various community institutions. He added that this agreement aims to make it easy for associates to benefit from our bank’s services with competitive prices and comfortable conditions. JIB is committed to memorandums of understanding with many institutions and syndicates for several years to provide financings and Islamic banking services in competitive prices and comfortable conditions. The agreement includes granting the associates of the council financings by the modes of lease ending in ownership and Murabaha sale ( for the purchase of building materials, housing, lands, real estates, cars, furniture and electrical appliances), by the mode of Musawamah ( for the purchase of furniture, electrical appliances, mobile phones and computers), by the mode of Istisna’a in a competitive return ratio in addition to benefit from sharia products by the mode of “ Ijara Mawsoufah Bizzemah” such as Labbayk product for financing travels of Haj and Umrah, Iqra’a product for financing tuitions of schools and universities and Shifa’a product for medical treatment, involve financiers in mutual insurance fund, get advantage of the bank’s electronic services which contribute to facilitate transactions such as banking cards services , visa electron, SMS, I Banking and E-Fawatercom. On the another hand, Mr. Mohammad AlHatamleh  commended the partnership with Jordan Islamic Bank, the remarkable bank in providing Islamic banking services, offering a quality to the associates, retirees and employees of the council to benefit from facilities provided by the bank in addition to make a room for them to benefit from AlQard AlHassan in cooperation with JIB through opening AlQard AlHassan fund account for nurses & midwives council to serve the associates in the centers and branches covered by the retirement fund and social security.