Jordan Islamic Bank

Overview

Jordan Islamic Bank is Amman Stock Exchange ASE: JIBA + Jordanian Islamic commercial bank + Al Baraka Banking Group Bahrain parent ~66% controlling + Jordan's largest Islamic commercial bank + ~1.5M+ Jordanian Jordan Islamic Bank customers ^{1, Jordan report}.

History

Sep 22 1978 — Jordan Islamic Bank JIB founded as Jordan's first Islamic commercial bank by Royal Decree of King Hussein distinctive Jordanian + MENA Islamic banking heritage.

2014 — JIB Mobile banking app launch.

Ownership & operator

Operating entity: Jordan Islamic Bank JIB (Jordanian Islamic commercial bank; Al Baraka Banking Group Bahrain parent controlling).

Major shareholders: Al Baraka Banking Group (Bahrain Bourse: BARKA; Bahraini Islamic banking group) ~66% controlling + Jordanian retail + institutional + foreign investors free float.

Regulators: Central Bank of Jordan + DSN Islamic Shariah Supervisory Authority Jordan.

Technical integration

JIB Mobile app (iOS + Android; ~1.5M+ Jordanian Jordan Islamic Bank customers) + jordanislamicbank.com online + Jordan Islamic Bank branch network across Jordan + Jordan Islamic Bank Visa + Mastercard cards; JO IBAN + CLEAR JO + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Al Baraka Banking Group parent: Al Baraka Banking Group (Al Baraka Banking Group Bahrain; Bahraini Islamic banking group) + Albaraka Türk (Albaraka Türk; Al Baraka Banking Group Bahrain parent; Turkish participation Islamic bank).

Major Jordanian + MENA banking + payments competitors: Arab Bank (Arab Bank; Amman Stock Exchange ASE: ARBK; Jordanian commercial bank; one of MENA's largest commercial banks by assets) + Housing Bank for Trade and Finance (Housing Bank for Trade and Finance HBTF; Amman Stock Exchange ASE: THBK; Jordan's #2 commercial bank by assets) + Cairo Amman Bank (CAB Mobile Banking) (Cairo Amman Bank; Amman Stock Exchange ASE: CABK; Jordanian commercial bank) + Bank of Jordan (Bank of Jordan; Amman Stock Exchange ASE: BOJX; Jordanian commercial bank) + Capital Bank of Jordan (Capital Bank of Jordan; Amman Stock Exchange ASE: EXFB; Jordanian commercial bank) + Jordan Ahli Bank (JAB) (Jordan Ahli Bank; Amman Stock Exchange ASE: AHLI; Jordanian commercial bank) + Bank al Etihad (Bank al Etihad; Amman Stock Exchange ASE: UBSI; Jordanian commercial bank).

Regulators: Central Bank of Jordan + DSN Islamic Shariah Supervisory Authority Jordan.

Status

Active, Amman Stock Exchange ASE:JIBA + Jordanian Islamic commercial bank + Al Baraka Banking Group Bahrain parent ~66% controlling + Jordan's largest Islamic commercial bank + ~1.5M+ Jordanian Jordan Islamic Bank customers ^{1, 2}.

Sources

• 1 JIB — official
• 2 JIB — Wikipedia
• ^{Jordan report} In-corpus: reports/countries/JO-jordan.md

Source

Biography extracted from jordan-islamic-bank.md. See matrix.md for standards-support matrix if present.