The Board of Directors recommends distributing 25% cash dividends to shareholders

JD 96.5 million the profits of Jordan Islamic Bank at the end of 2021 before tax Jordan Islamic Bank announced its financial results at the end of 2021 by achieving growth in various financial indicators, as the net profits before tax amounted to about JD 96.5 million, compared to about JD 83.8 million, with a growth rate of 15.1%, While profits after tax amounted to about JD 59.1 million, compared to about JD 52.1 million at the end of 2020, with a growth rate of 13.3%, as joint investment revenues reached JD 208.4 million, compared to JD192.2 million at the end of 2020, with a growth rate of 8.4%. Chairman of the Board of Directors, Mr. Musa Shihadeh, expressed his appreciation for the distinguished results achieved by the Bank during the year 2021 despite the various economic challenges and the negative effects on the national economy resulting from the consequences of the Corona pandemic, which came as a result of the distinguished efforts of the executive management and employees of the Bank to achieve the aspirations of the Board of Directors and strengthen the confidence of clients and shareholders, which emphasizes the bank’s ability to work in various circumstances with efficiency and competence. He also praised the efforts and measures taken by the Central Bank of Jordan (CBJ) and government institutions within the framework of their keenness on the safety and durability of the Jordanian banking system in the face of various challenges. Shihadeh said that the bank’s board of directors approved the bank’s financial statements for the year 2021 in its meeting held on 8/2/2022 and submitted its recommendation to the General Assembly to distribute cash dividends to Shareholders by 25% of the par value of the share for the year 2021. As the Bank continues to strengthen its conservative policy of allocating financial provision until the end of 2021, in order to meet any future challenges or negative effects from the consequences of the Corona pandemic and other challenges. For his part, CEO/General Manager of the Bank, Dr. Hussein Said, affirmed that the Bank's achievement of upward growth in its various financial statements  at the end of 2021 It is a confirmation of the Bank's strength and success in continuing to implement  its policy based on facing various risks and challenges, maintaining the strength of its financial position and maintaining the safety and quality of its assets in light of the continuing consequences of the Corona pandemic, and the growth in profits came as a result of diversifying sources of income, enhancing operational efficiency and rationalizing expenses. Dr. Hussein said that the bank’s assets, including (specified investment accounts and wakala investment accounts (investment portfolios)), reached about JD 5.952 billion, compared to about JD 5.426 billion at the end of 2020, an increase of about JD 526 million, with a growth rate of 9.7%. The Bank has also strengthened its financial investments and the development of its investment and financing to include various sectors of individuals and companies, taking into account the geographical distribution. Where the facilities granted to clients including (specified investment accounts and wakala investment accounts (Investment portfolios)) amounted to about JD 4.741 billion, compared to about JD 4.282 billion at the end of 2020, with an increase of about JD 459 million, and a growth rate of 10.7%.. Emphasizing the confidence of the bank’s clients in the banking services that the bank is keen to provide the best and latest ones that are compatible with the provisions and principles of Islamic Sharia. The clients’ deposits and accounts, including ((specified investment accounts and investment wakala accounts (Investment portfolios)) amounted to about JD 5.283 billion, compared to about JD 4.803 billion at the end of 2020, with an increase of about JD 480 million, with a growth rate of 10%. Regarding the indicators of the strength of the financial position and the bank’s capital base, Dr. Hussein Said stated that the shareholders’ equity amounted to about JD 510 million, compared to about JD 474 million at the end of 2020, with a growth rate of 7.4%, and Capital Adequacy Ratio (CAR) reached about 23.18%, and the Non- Performing Financing (NPF) reached 2.57% and the coverage ratio of Non- Performing Financing (NPF) reached 115.4% Dr. Hussein Said added that in parallel with the bank’s distinguished financial results, the bank continued to implement its plan to expand digital banking services through innovation in providing more financial and investment services and products through advanced digital electronic services to meet the needs of clients, including digital self-services (Islami Digital), and the digital banking services " Islami Mobile, Islami Internet, Islami Messenger (your digital assistant), and the IVR service, in addition to ATMs machines, branches and offices spread all over Jordan. The Bank also continued its commitment to assume its social responsibilities in sustainable development and support the national economy through its continuous contributions to support the various initiatives and activities undertaken by government agencies and civil society institutions to serve the local community and the national