Global Finance: Jordan Islamic Bank is the Best Islamic Financial Institution in Jordan for the year 2022

Global Finance magazine announced that Jordan Islamic continues to win the award for the best Islamic financial institution in Jordan for the year 2022 for the 14th consecutive time, in its report issued on 28/5/2022 on its annual awards for the best Islamic financial institutions in the world for the year 2022, highlighting for its achievements in contributing to the growth and development of Islamic finance in addition to growth in assets, profitability, business development and innovation in products and services.   Emphasizing the importance of Islamic banks' orientation towards digital and technological investments, which contributed to reducing operating expenses and supported efforts in facing many challenges that swept the world, including the global epidemic and its consequences and the effects of oil prices, so that the net profits of Islamic banks rose to more than 50% in 2021. In addition, these banks assume their social responsibilities towards various environmental factors. The report indicated that Jordan Islamic Bank won this award for achieving growth and rise in its various financial indicators, as its balance sheet grew to $7.5 billion in 2021, and the net profit, deposits and financing increased by more than 10% in 2021, and the bank worked to meet the needs of its clients by providing a wide range of banking products that are compatible with the provisions and principles of Islamic Sharia, and the expansion of the provision of digital banking services that keep pace with the latest technological developments. CEO/General Manager of Jordan Islamic Bank, Dr. Hussein Said, said, “The continuity of our bank’s winning of the Global Finance magazine award for successive years confirms that our bank’s pioneering path in Islamic banking is still being followed up by major international institutions and magazines and achieved more successes to provide an example of hard work and successful perseverance to achieve more achievements and maintain excellence at various levels, stressing on continuing to follow the path of progress so that Jordan Islamic Bank will always remain in the leadership.” The award-winning Islamic banks and financial institutions will be honored in a special ceremony that will be held in Washington next October, in conjunction with the meetings of the International Monetary Fund and the World Bank.