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Date : Jan 22, 2024
Amman, Jordan, 22 January, 2024: General Manager of Military Credit Fund, Mr. Muhannad Shehadeh, and CEO/Director General of Jordan Islamic Bank, Dr. Hussein Said, sign a memorandum of understanding within the initiative of the Comrades in Arms Program for military retirees in the Jordanian Armed Forces - the Arab Army and the security agencies, presenting The bank offers a range of financing products and services in accordance with the provisions and principles of Islamic Sharia, with easy terms, preferential profit rates, flexible repayment periods, and without commission for granting credit/implementing financing.
General Manager of Military Credit Fund, Mr. Muhannad Shehadeh, said, “In continuation of realizing the visions of His Majesty King Abdullah II in serving military retirees, and within the Comrades in Arms Program initiative supervised by His Highness the Crown Prince, we renew the agreement with Jordan Islamic Bank for the third year consecutively to provide preferential interest rates and Ijara to retired military comrades in arms in the Jordanian Armed Forces - the Arab Army and the security agencies, and he praised the role of Jordan Islamic Bank for the support it provides to this initiative within the framework of sustainable partnership to serve the aspirations and needs of comrades in arms.
On this occasion, Dr. Hussein Said said, “We are pleased to be one of the first Jordanian banks to support the Royal Initiative (Comrades in Arms Programme) since its launch, which has received a remarkable response, while continuing to implement it in cooperation with the Military Credit Fund to serve military retirees and support them in securing their financing needs that meet their aspirations, and emphasizing the role of our bank in assuming its social responsibility to serve the people of the local community and the national economy.
Dr. Hussein Said invited the retired military to benefit from the advantages included in the memorandum of understanding by obtaining various financing products to purchase (cars, electrical appliances, furniture, houses, building materials, lands, in addition to many other goods) according to the formulas of Murabaha sales and other sales or in the form of Ijarah Muntahia Bittamleek for the purchase of (apartments, lands) in accordance with the credit policy and operational procedures of the bank, and the controls and instructions of the Central Bank of Jordan in particular. To know more details, you can contact the various communication channels provided by the bank around the clock, through call center, IVR service, the Bank’s website, Islami Messenger, or visit any of branches and offices of Jordan Islamic Bank spread throughout the Kingdom.