Islamic International Rating Agency reaffirms the Sharia Quality Rating of JIB at AA+ (SQ)

Islamic International Rating Agency (IIRA) announced the confirmation of the Sharia quality rating of Jordan Islamic Bank at AA+ (SQ) due to the bank's commitment to the best approved Sharia standards.

This came in the report issued by the agency on 12/5/2026 to assess the performance of Islamic financial institutions from a Sharia perspective, where Jordan Islamic Bank is considered the first and largest Islamic bank in Jordan whose business is based on a clear mission and vision, and it is at the forefront of Islamic banking in the region.

The report indicated that the bank's commitment to banking in accordance with the provisions and principles of Islamic Sharia and environmental, social, corporate governance standards, and the powers of the Sharia Supervisory Board and its reports to the Board of Directors and its independence enhances its governance structure. In addition, the bank performs its credit responsibilities efficiently while maintaining high asset quality and following a conservative approach to risk management. The returns are stable and competitive, reflecting sound business practices. The bank is distinguished by a broad retail customer base, based on its strategy for the period (2025-2029) by launching several initiatives and projects aimed at improving its customers' experience, improving the designs of existing branches, and targeting new segments of individuals and companies.

 The report indicated that the bank’s product portfolio has witnessed continuous development and innovation, including digital channel services, in addition to the bank’s leadership in managing its carbon footprint and promoting environmental sustainability through the provision of environmentally oriented financing. The bank’s prominent role in social responsibility was also distinguished through participation in events and occasions.

Dr. Hussein Said, CEO of Jordan Islamic Bank, said, “The continued monitoring by Islamic International Rating Agency (IIRA) of the bank’s commitment to Sharia standards and the confirmation of granting it this distinguished rating confirms the bank’s ability to excel in providing more efficient financial services and solutions, enhancing innovation and digital transformation, and contributing to the development of Islamic banking products and services in a way that serves the bank’s customers and supports the growth of its business, in accordance with the provisions and principles of Islamic Sharia.”