Yousif said that the mid-term profits after tax of JIB reached $18.9 million which asserts the bank’s success and the safety of its banking policy adopted to confront any fluctuations or economic hardships in addition to its ability to serve its customers under all circumstances. He expressed how much proud he is of the distinguished efforts of the bank’s executive management and the employees for their constant endeavour to consolidate Islamic values in dealing and commended the role of Central Bank of Jordan (CBJ) and official and control authorities for their continuous support for Islamic banking in Jordan.
Musa Abdelaziz Shihadeh, Vice Chairman and General Manager of JIB said the bank’s mid-term financial results which are approved by Central Bank of Jordan (CBJ) showed an increase in the most of financial indicators. The bank’s assets with the managed accounts added to restricted investment accounts, Muqarada bonds, investment by proxy accounts reached about $4.2 billion as of June 30, 2011, compared to $4.1 billion at end of 2010 which asserts the continuity of the bank’s advancement and development to enhance its status in Jordan banking sector.
Shihadeh said that facilities granted for customers with facilities granted from managed accounts added to reached during the first half of the current year about $ 2.498 billion compared to $2,399 billion at end of 2010.
Customer deposits with managed accounts added to reach at the end of the first half of the current year about $3.87 billion compared to $3.65 billion as of December 31, 2010.
Ownership equity reached at the end of the 1H $270.9 million; Capital Adequacy Ratio (CAR) reached 19.94%. It was decided in April 2011 to distribute cash dividends to shareholders by 15% for the year 2010.
Shihadeh added that these good results assert that the bank takes confident steps towards growth, development and it applies its strategy in maintaining growth ratios in all operations along with keeping abreast of what is up to date in Islamic banking industry. He emphasized on making more efforts to strengthen our clients and shareholders’ confidence to achieve the best results and accomplishments according to sharia principles.
Jordan Islamic Bank is one the subsidiary banking units of Al Baraka Banking Group.