Musa Abdelaziz Shihadeh

Jordan Islamic Bank financial results

The Board of directors of Jordan Islamic Bank that is represented by Mr. Adnan Ahmad Yousif approved the financial statements of the 1st quarter of the current year. The Bank has achieved net profits after tax that amounted to $14.67m compared to $10.16m during the same period last year. Shareholders' equity at the end of the first quarter of the current year increased by 4.6% to reach about $336.95m. The Bank's assets with the managed accounts added to (restricted investment accounts and Muqarada bonds) amounted to about $4.67bn. Customers' deposits (including managed accounts) at the end of the 1st quarter of the current year reached approximately $4.200bn. Mr. Adnan Ahmed Yousif expressed his satisfaction over the results the Bank.

Jordan Islamic Bank Co PLC : IIRA upgrades credit rating of JIB and reaffirms Its Sharia Quality Rating of AA(SQR)

The Islamic International Rating Agency (IIRA) situated in Bahrain has upgraded the credit rating of Jordan Islamic Bank (JIB) on the national scale, whereas the international scale ratings of JIB have been reaffirmed. The outlook on the ratings is 'stable'. The report issued by the agency also reaffirmed JIB's Sharia Quality Rating of AA, which confirms the bank's conformance to very high standards of Islamic Shari'a principles in its dealings and finances.

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