Dubai Islamic Bank Launches Operations In Jordan

Published: 02-Feb-2010

Jordan Dubai Islamic Bank (JDIB), a Jordanian subsidiary of Dubai Islamic Bank (DIB), has launched operations through it's first and main branch located in Amman, Jordan.

JDIB is focused on offering new Islamic banking products and solutions of international standards that meet the needs of corporate and retail clients. JDIB seeks to create a banking solutions system compliant with Islamic law in a modern economic environment.

JDIB also plans to expand its operations across the Kingdom, including the opening of a total of 10 branches by the end of this year.

However, the progressive launch of the branch network will also be supported by the launch of a number of Islamic financial products, which will be launched over a period of time in line with the bank's overall strategy.

Abdulla Al Hamli, CEO of DIB, said: “We are extremely pleased to announce the launch of operations of JDIB, which will provide a full range of Sharia-complaint products and services to clients across the Kingdom. The launch of JDIB further underscores the importance of increasing our international footprint. As part of our global growth strategy, DIB intends to aggressively identity further expansion opportunities in underserved markets.”

Sami Afghan, CEO of JDIB, said: “JDIB is focused on adding value to our customers, shareholders and the Jordanian economy at large, and is committed to further developing the Islamic banking sector through world-class products and international service standards.”

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