Comrades-of-arms initiative Jordan Islamic Bank signs a memorandum of understanding with the Military Credit Fund

In implementation of the high royal initiative for military retirees (comrades of arms), Jordan Islamic Bank and the Military Credit Fund signed a memorandum of understanding according to which JIB would provide a set of financing products and services in accordance with the provisions and principles of Islamic Sharia for military retirees, which would meet their financing requirements with easy terms and Preferential profit rates The Memorandum of Understanding was signed by the CEO / General Manager of Jordan Islamic Bank, Dr. Hussein SaId Saifan, and for the Military Credit Fund, General manager, Mr. Amjad Hijazi. The memorandum of understanding includes providing the necessary financing for military retirees to purchase (cars, electrical appliances, furniture, houses, building materials, lands in addition to many other goods) according to the form of murabaha and other forms or in the form of alajarh almuntahiat bialtamlik to purchase (apartments, lands) and for long payment periods, appropriate and without commission for granting credit or commission for implementation of financing. On this occasion, Dr. Hussein Said expressed his happiness for signing this memorandum to serve the military retirees "comrades in arms" who are a source of pride for all and in response to the high royal initiative and affirmation of the economic and social role of Jordan Islamic Bank in strengthening the partnership with various institutions that aims to achieve the principles of social solidarity and serve the national economy, local community development, and facing various difficulties in light of the spread of the Corona pandemic and its negative consequences for citizens. Dr. Hussein Said indicated that the military retirees who wish to obtain any of the financing products could visit any of the branches and offices of JIB, as of 21/3/2021, which is the number of branches and offices of the bank 108 spread throughout the Kingdom General Manager of the Military Credit Fund, Amjad Hegazy, said that the signing of this memorandum comes in implementation of the high royal initiative to support the military retirees (comrades of arms) and to stand with them always, stressing that this agreement provides retirees many benefits that will meet their financing requirements which would meet their financing requirements with easy terms and Preferential profit rates, praising the efforts of Jordan Islamic Bank in support the military retirees.