Jordan Islamic Bank was established in 1978 as Jordan’s first Islamic bank. In 2000 the Private Banks Law under which it was regulated was replaced by the Banks Law containing a separate section specifically addressing Islamic banks and their regulation. JIB currently has a network of 52 branches, 12 smaller banking offices, a brokerage office at the Amman Stock Exchange and a service office at its bonded warehouse, served by a total staff of 1,418. Its 56 ATMs are linked through the Jordan national payment network to the 472 machines maintained by the other Jordanian banks and to the worldwide Visa International network. It is the 4th largest bank in Jordan by total assets and the 3rd largest in terms of total deposits held. JIB has a thriving business with an extensive repertoire ranging from murabaha, diminishing musharaka, mudaraba, Ijara Muntahia Bittamleek, instalment sale and Istisna’a contracts, as well as investments in Islamic sukuks and property, in the latter case via land purchases and subsequent property development for on-sale or lease to its customers.

JIB has had a steady track record since its inception and over the past 10 years has paid dividends in bonus shares equivalent to approximately 104% of the bank’s capital, in addition to cash dividends of 34% of the bank’s capital.

Mr. Musa A. Shihadeh
Vice Chairman & General Manager
Jordan Islamic Bank
P.O. Box 926225, Amman, Jordan
Tel: +9626 567 7377
Fax: +9626 566 6326
Website: www.jordanislamicbank.com