The Bank′s strategy is based on the following critical elements which control its banking policy and activities:-
- Maintaining the strength of the Bank′s financial position.
- Increasing the Bank′s market share.
- Optimizing the profits of shareholders and depositors.
- Enhancing the ethical values and performace standards which Islamic banks set high in their statments of mission.
History
Jordan Islamic Bank for Finance and Investment was established on 28th.Nov, 1978
Constitutional Framework
Jordan Islamic Bank for Finance and Investment was established as a public shareholding company on 28th.Nov, 1978 and was licensed to practice financing, banking and investment activities in compliance with the provisions of the glorious Islamic Shari′a in accordance with the Special Law according to which the Bank was established.
This law which was abolished and superceded by a special chapter on Islamic banking in the new Banks′ law which was issued on 1/8/2000.
Mode of Finance
The capital of The Bank is 55 Millions of American Dollars.
(last updated: 01-December-2002)
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Jordan \ Commercial Banks \ Jordan Islamic Bank for Finance and Investment
