jordan
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Date : Nov 20, 2019
Dr. Hussein Saeed reviewed the most important sectors granted by the Bank for financing and enhancing the concept of financial inclusion with its focus on granting finance to small, medium and emerging enterprises and individuals' financing, where the number of financed individuals reached 177 thousand financed by individuals within the retail portfolio. In the health sector, the total financing provided amounted to JD 188 million, In the educational sector 51 million dinars, the Ministry of Finance and supply 254 million dinars and oil companies 307 million dinars, and the total funding provided to electricity companies about 1.690 billion Jordanian dinars, the bank's investments amounted to about 100 million dinars in the capital of companies, including subsidiaries(Samaha for Finance & Investment, Sanabel Alkhair for Financial Investments, Technology Applications company for the Future & Age, omareyah Schools) affiliated company like(Islamic Insurance, Jordan Center for International Trade, Arab Pipes, etc.) Explaining the financing and investment forms practiced by the bank, which include Murabaha, Musharaka, Istisna'a, Musauama, lease ending in ownership, etc. The bank also seeks to develop its banking and technical services that keep pace with the latest technological developments through the provision of mobile banking and Internet banking services and the expansion of ATM services and bank cards of all kinds, which saves time and effort on our bank customers in a fast, accurate and safe.
Dr. Hussein also touched on the Bank's role in the field of social responsibility and the attention given to people with special needs and different disabilities (mobility, audio-visual) and to enhance the financial inclusion of these groups, By working to create 10% of the bank branches in terms of entrances and counters and the provision of brochures, banners and ATMs that take into account the needs of people with disabilities of different kinds, The Bank also distinguished its contributions in providing various charitable societies, where the total donations since the establishment of the bank until the end of 2018 about 12.4 million dinars. The Bank also engages the bank's sponsors up to JD 150,000 in the mutual insurance fund based on the principle of social solidarity and is committed to compensate them in cases of death, disability or insolvency. JIB is characterized by providing al Qard al-hassan to citizens to help them in cases of treatment, education and marriage, and the total of al Qard al-hassan provided since the establishment of the bank until the end of 2018 amounted to JD 282 million Benefited about half a million citizens, The bank also received credit and Shariah ratings that confirm the strength and fullness of the bank financial, credit and legitimacy in addition to certificates and international awards obtained by the bank from international institutions and magazines such as(Word Finance, Global Finance, Emea Finance, the Banker,etc..) The most recent was the award of the strongest and best Islamic bank in retail and innovation services in Jordan for 2019 by Cambridge IF Analytica.
Dr. Hussein Said that despite the economic and financial situation, JIB was able to perform its duty towards the national economy and the local community with all-powerful This came during a lecture delivered by Dr. Hussein Said in a student delegation from the Department of Islamic Banking at the Faculty of Sharia at the University of Jordan, who visited the General Administration of JIB on 11/11/2019, in order to identify the nature of the work of Islamic banks through the experience of Jordan Islamic Bank and its leadership in the work Islamic Banking.
Dr. Hussein said that we appreciate the interest of the University of Jordan, represented by the Faculty of Sharia, Islamic Banking Department, to allow our bank to host this meeting, which confirms the bank's social responsibility. Through these meetings, which promote the concept of financial inclusion and contribute to the dissemination of financial culture and banking awareness among students, and provide an opportunity for students of educational institutions to learn about the nature of the work of JIB And to strengthen the theoretical concepts through practical application and provide training opportunities for university students in general and students of Islamic banks in the Faculty of Sharia University of Jordan in particular, where the Bank is committed to a memorandum of understanding with the University of Jordan Sharia College since 2013, offers an opportunity for training students of the Department of Islamic Banking at the Faculty of Sharia in the various sections and branches of the bank, Since the signing of the Memorandum of Understanding, our bank has provided training to about 632 students from Islamic Shari'ah faculty at the University of Jordan. The total number of students trained in the bank since its establishment in 2019 is about 19273 thousand students from different educational institutions. He stressed the readiness to receive any inquiry from all students in all educational institutions, familiarize them with the nature of the work of Islamic banking in general, and JIB in particular, as Dr. Hussein Said answered the students' inquiries.
This visit was part of a series of permanent visits by university students, institutes and schools to learn about and benefit from the experience of JIB. The meeting was attended by Assistant Director General of Jordan Islamic Bank Dr. Mohammad Fahmi Al-Jabari and executives of the bank. The delegation also included about 40 students, accompanied by Dr. Hiyam Al-Zaidaneen, Head of Islamic Banking Department, who thanked JIB, the pioneer of Islamic banking Representing the management of Dr. Hussein Saeed to host them and provide a detailed explanation of any inquiries in the minds of students of Islamic banking, confirming its pride in the continued support provided by the Bank to the University of Jordan, and the College of Sharia and the Department of Islamic Banks in particular and its annual activities. At the end, students expressed their happiness and thanks JIB.