JIB issues the Sustainability Report for Environment, Society and Governance for the year 2022

Based on Jordan Islamic Bank’s commitment to shed light on the various activities and initiatives it undertakes annually regarding environmental, social and governance sustainability emanating from its sustainability strategy, the bank issued its first sustainability report for the year 2022 in accordance with the standards of the Global Reporting Initiative (GRI) to monitor the bank’s performance with regard to environment, society and governance, in both Arabic and English, with emphasis on It covers the fundamental issues related to sustainability that concern the bank and its stakeholders, and covers all sustainability activities implemented in the Hashemite Kingdom of Jordan.

 Dr. Hussein Said, CEO/General Manager of Jordan Islamic Bank, expressed his pride in issuing the sustainability report for the year 2022, which clarifies the bank’s strategy for social responsibility and sustainability, which comes within its list of priorities and its constant endeavor to consolidate it as a main base of the bank’s excellence and leadership, and serving its country and its children, which has been distinguished by serving the local community by providing a halal alternative to banking needs in Jordan, and maximizing financial returns goes beyond enhancing Islamic values in dealing and strengthening the bonds of interdependence, compassion and solidarity in society, and this is evident in its various activities.

 Pointing out that since 2012, the bank has been issuing a social responsibility and sustainability report, based on its principles and mission, in implementation of its memorandum and articles of Association, and in fulfillment of its duty towards community issues, by taking constructive initiatives through its social responsibility and sustainability programs, which confirm its commitment to serving and developing society and which is consistent with the United Nations Plan for Sustainable Development for the year 2030, which set seventeen goals and 169 targets in areas of importance to human and environmental sustainability.

 Dr. Hussein Said said that the bank continues to seize promising opportunities by continuing to stimulate innovation by offering sustainable products and constantly developing them, meeting the needs and aspirations of the bank’s customers, while ensuring compliance with the Sharia rules and controls, and continuing to provide green financing that contributes to mitigating the negative effects on the environment, including the financing product for hybrid and electric cars. Shamsuna product for financing solar cells and solar heaters, in addition to the bank’s role towards the local community and interacting with it by investing in vital sectors such as the education, health and energy sectors and providing AL Qard AL hasan and donations, as well as sponsoring conferences and seminars and paying attention to people with special needs and the affairs of the Holy Qur’an.

 The report explains the bank’s approach to diversity and equality, interaction with the bank’s suppliers, the products and services it provides to its customers, strengthening partnerships with many entities and institutions in order to increase the bank’s societal impact, applying corporate governance and risk management, geographical spread and locations, customer and stakeholder satisfaction. The bank’s direct and indirect impact on the national economy, compliance with regulatory, legal and anti-corruption requirements, and the bank’s duties towards its employees and workers and developing their skills by providing the necessary training and creating equal opportunities for them and developing methods of occupational health and safety.

The report also shows the bank’s strategy for digital transformation, which is the basic foundation for doing business by providing innovative technological solutions, from which many digital services emerge, with the aim of facilitating customers’ access to banking services, and ensuring in the future to continue technological development and move towards digital transformation and the development of the banking industry. With emphasis on the contribution of the Jordan Islamic Bank’s accumulated banking experience, which enabled it to consolidate its prestigious position over the previous years, in keeping pace with these developments.

 Dr. Hussein Saeed thanked the Board of Directors for the support and empowerment it provides to the executive management and to all employees, shareholders and clients with the bank for their continuous support during its journey and achieving achievements that are a source of pride for all.

 He added that the details of the sustainability report for the year 2022 can be found through the bank’s website.