Jordan Islamic Bank (JIB) was established in 1978, as a public shareholding limited company and the first branch began its work on 22/9/1979. The bank's transactions and contracts are subject to the supervision of a Sharia Board composed of specialized Shari’a scholars. Its banking operations are regulated by the Central Bank of Jordan and the bank is working to deepen and develop the principles of corporate governance, develop risk management and continue to apply the requirements of Basel III.
JIB aims to meet the economic and social needs of citizens in the fields of banking, finance and investment in accordance with the principles of Islamic Sharia. The paid-up capital is currently JD 200 million.
JIB strives to keep pace with the progress of and to employ modern banking technologies, providing the best Islamic products and services clearly and transparently through its 108 branches and offices in the different locations in the country, as well as through the bonded office. The bank also presents services through 265 ATMs (Islami ATM), provides phone banking services (Islami Mobile), Internet (Islami Internet), SMS (Islami SMS), 3D Secure Shopping, paying bills through the internet (E-Fawateercom) and E-wallet service (JoMoPay) through mobile banking. JIB provides banking services during official holidays, Friday, Saturday and evening periods through a number of its branches and offices.
In addition to the bank's page on Facebook, Al Islami Messenger service and call Center is available 24/7. The bank has received many international awards as the Best Islamic Bank in Jordan and the Best Islamic Finance Institution for several years from various international institutions and magazines. The bank also obtained credit and legitimacy ratings from international rating agencies.
JIB received a letter of appreciation from ISO International for its participation and commitment in the CSR project, in accordance with ISO 26000; also the bank has obtained the international accreditation certificate (PCI DSS) in Data Security and Electronic payment card data in its latest version (3.1) from the World Council of Cards (PCI); which is concerned with the application of the highest standards of security and protection of information in bank cards of all kinds.
The prominent role and successful march for JIB in supporting the investment process and economic and social development in Jordan is characterized by supporting the necessary activities of the community and the national economy; which is of great interest in the bank's financial investments.
Jordan Islamic Bank (JIB) experience in social responsibility is an example for national institutions and companies to fulfill their duties towards the community, particularly those with special needs, disadvantaged groups and the poor by contributing to sustainable development and enhancing financial inclusion through various charitable programs, social, cultural and voluntary activities, donations, al Qard AlHasan, a mutual insurance fund, and the program of financing professionals, craftsmen and small and medium enterprises, health, energy, environment and water.