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Jordan Islamic Bank - Company Profile Snapshot

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Company Profile: Jordan Islamic Bank
Ticker: JOIB
Exchanges: OTH
2008 Sales: 125,360,000
Major Industry: Financial
Sub Industry: Commercial Banks
Country: JORDAN
Employees: 1656

Business Description
Jordan Islamic Bank Formerly known as Jordan Islamic Bank for Finance & Invest. The Group's principal activity is to provide banking, financial and investment products and services in accordance to the Islamic Sharia laws and principles. Its commercial banking services cover Trust Deposits, Joint Investment Accounts, Savings Accounts, Notice Accounts, Term Accounts, Specified Investment Accounts (Restricted Accounts) and Investment Portfolios. Its financial and investment products and services include Mudarabah, Mousharakah, Murabaha, Direct Investment, Leasing Purchase, as well as a range of real estate financing services. It also offers other banking services, such as payment and clearing of checks, transfer of funds, opening of letters of credit, issuance of letters of guarantees, collection of commercial papers, purchase and sale of foreign currencies, purchase and sale of stocks, and issuance of credit cards. The Group operates through a network of 56 branches across Jordan.

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