The Banker Magazine: Jordan Islamic Bank Best Islamic bank in Jordan for the year 2020

JIB obtained the award of the best Islamic bank in Jordan for the year 2020 for the seventh time from the Banker which is a British magazine, that issued by the Financial Times Group, which specializes in the field of banking and investment at the international level, and the magazine grants it to the distinguished banks at the level of each country every year. As the report issued by the magazine on the first of this month confirmed that Jordan Islamic Bank is the largest Islamic bank in Jordan and the third largest bank in Jordan in terms of assets. Where the bank deserved to win in this award for achieving the criteria and specific requirements for participation in the award in terms of growth in financial indicators, commitment and excellence in applying financial inclusion and innovation in services and products, customer service and launching green energy initiatives in the service of society and the environment.  As the bank's Net income increased by 9.1% to JD 54.3 million, and Total assets including "restricted investment accounts" increased by 7.6% to reach JD 5 billion in 2019, with Capital Adequacy Raito increasing to 24.33%, and the return on equity reaching 13.3% % Compared to 13% in the previous year, and the percentage of Non- Performing Finance (NPF) to the bank improved to 3.97% compared to 4.2% from the previous year. Also JIB is the first Jordanian bank provide heaters and solar cells for homes subsidized by 30% from the Renewable Energy and Energy Conservation Fund / Ministry of Energy and Mineral Resources, in addition to the bank’s distinct role in providing and facilitating the access of people with disabilities to financial banking services with ease including issuing special cards for people with visual impairment, in addition to the bank’s participation in the national self-employment program to enable young people to set up development projects and providing job opportunities, in addition to expansion and innovation in electronic digital services by launching updated versions on the mobile banking application and online banking services (I-Banking), While continuing to issue banking cards in accordance with the provisions and principles of Islamic Sharia and expand the services and network of ATMs. On this occasion, Dr. Hussein Said, CEO / General Manager of Jordan Islamic Bank said that the continuity of our bank’s winning of The Banker magazine’s awards since 2013, in addition to other awards that our bank continues to win from many international institutions and magazines that are concerned with highlighting the leading financial institutions in their work to confirm on the success of the strategy of Jordan Islamic Bank in achieving the achievements that received the attention and appreciation of these institutions, it gives the incentive to exert more efforts to achieve more achievements that achieve the mission and goals of the bank that are in line with the provisions and principles of Islamic Sharia.