Jordan Islamic Bank

What Jordan Islamic Bank does

Jordan Islamic Bank for Financing and Investment is a Sharia-compliant commercial bank established in 1978 under Special Law No. (13) of 1978 and headquartered in Amman, Jordan. The bank operates as a member of the Al Baraka Group, an international Islamic banking conglomerate with presence in 13+ countries across the Middle East, North Africa, and South Asia. It provides a full suite of Sharia-compliant banking products to retail individuals and corporate/business customers, including savings, current, salary, term, notice, and call accounts; investment (Mudaraba) deposits; Murabaha cost-plus financing; Ijarah (leasing, including Ijarah Muntahia Bittamleek); Sukuk and real estate investment portfolios; trade finance; POS merchant services; and Islamic banking cards (Almusawameh). Underwriting and returns are governed by a Sharia Supervisory Board, and the bank holds an IIRA Sharia Quality Rating of AA+(SQ) and ISO 27001 certification.

The bank operates a multi-channel distribution model centered on the largest ATM network among Jordanian banks, physical branches across all governorates (including in-mall locations at Mecca Mall and Abdali Mall in Amman, plus branches in Irbid and Aqaba), and a growing digital stack: Islami Mobile app, Islami Internet, Islami Digital, Islami SMS, Islami Pay, plus Apple Pay, Google Pay, Western Union, E-Fawateercom, JONET, Visa, and Middle East Payment Services integrations. Core banking revenue derives from Islamic financing operations (Murabaha, Ijarah, Mudaraba profit-sharing), investment deposit mobilization, transaction-based fees and commissions on banking services, and returns from sukuk and managed investment portfolios. Profit-sharing ratios replace conventional interest, with rates disclosed at branch level and approximated via online Murabaha and Ijarah calculators.

The bank distributes through enterprise branch sales, self-serve digital onboarding (electronic account opening via mobile), and 24/7 call-center support. Customer segments include retail individuals, corporate clients, and government-linked institutions (e.g., the Military Credit Fund 'Comrades in Arms' program, now in its 5th year). Recent strategic priorities include digital transformation (Digital Financing, Islami Digital, QR check authentication), sustainability-linked financing (Renewable Energy Fund partnership for solar/heaters), cross-border Al Baraka Group cooperation, and CSR engagement (Madrasati Initiative, Abdul Hameed Shoman Foundation). The bank distributes cash dividends (22% in 2024, 25% in 2025) and was named Best Islamic Bank in Jordan by EMEA Finance, Euromoney, and IFN in 2024-2025.

Name

Jordan Islamic Bank

Legal name

Jordan Islamic Bank for Financing and Investment

Website

https://jordanislamicbank.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Jordan Islamic Bank is a Sharia-compliant commercial bank established in 1978 in Amman, Jordan, and member of Al Baraka Group. It serves retail and corporate customers through the largest ATM network in Jordan, an extensive branch network, and digital channels including Islami Mobile and Islami Pay, offering Murabaha, Ijarah, and Mudaraba financing.

Ownership category

akta.pro rank

Product category

Islamic Retail Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Offices of Bank Holding Companies (551111)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Retail banking Jordan
• Corporate Islamic finance
• Murabaha Ijarah products

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Financing Operations: Islamic financing products including Murabaha (cost-plus financing), Ijarah (leasing), Mudaraba (profit-sharing), and other Sharia-compliant financing mechanisms generating returns through profit-sharing arrangements rather than interest
2. Investment Deposits: Investment deposit accounts (term accounts, savings accounts, notice accounts) where returns are based on profit-sharing ratios rather than fixed interest
3. Banking Services and Commissions: Fees and commissions from banking services including wire transfers, ATM usage, account management, point-of-sale services, and other transaction-based services
4. Sukuk and Investment Portfolios: Investment in sukuk (Islamic bonds) and managed investment portfolios generating investment returns

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Jordan Islamic Bank is a Sharia-compliant bank established in 1978 under Special Law No. (13) of 1978, offering retail and corporate banking products and services in Jordan. It provides savings, current, term, and investment deposit accounts, Islamic financing products (Murabaha, Ijarah, Mudaraba), credit/debit cards, trade finance, and investment portfolios, distributed through branches, the largest ATM network in Jordan, and digital channels (Islami Mobile, Islami Internet, Islami Pay).

Differentiator

Problem solved

Functional benefit

Brands

• Islami Mobile: Mobile banking application for account access, transactions, and digital services
• Islami Internet
• Islami Digital
• Islami ATM
• Islami SMS
• Islami Pay
• Almusawameh Card
• Islamic Rewards Program
• Islami Aqar

Products and services

• Saving Accounts Sharia-compliant savings accounts offering profit-based returns for individual customers, including standard savings, digital savings, and electronic savings variants.
• Current Accounts Day-to-day transactional accounts for individuals, including salary current accounts, for managing deposits, withdrawals, and bill payments.
• Term Investment Accounts (Term Deposits) Investment deposit accounts with fixed tenures where returns are based on profit-sharing ratios rather than fixed interest.
• Notice Accounts Investment accounts where funds can be withdrawn after a specified notice period, with returns based on profit-sharing.
• Murabaha Financing Cost-plus Islamic financing for the purchase of goods, including Murabaha in Shares for purchasing shares in stock markets compliant with Islamic Sharia principles.
• Ijarah Muntahia Bittamleek Financing Islamic leasing financing ending in ownership, used for asset financing such as vehicles, real estate, and equipment for individuals and corporates.
• Mudaraba Investment Products Profit-sharing and partnership-based investment products offered to corporate and investment account holders.
• Almusawameh Banking Cards Sharia-compliant debit and credit cards with features such as instant discount campaigns and the Islami Rewards loyalty program.
• Islami Mobile Banking Application Mobile banking application for account opening, financing, account management, and transactions, including digital data update and electronic account opening services.
• Islami Internet Banking Online banking platform for account access, transactions, and digital banking services for individuals and businesses.
• Islami Digital Banking Digital-only banking offering that includes electronic accounts and mobile banking features.
• Corporate POS Service Point-of-sale merchant services for businesses, including the Corporate Cash Deposit Card.
• Al Baraka Trade Finance Platform Cross-border trade finance cooperation platform for corporate clients across the Al Baraka banking network.
• Investment Portfolio Accounts and Sukuk Investment products including portfolio accounts, real estate investments, and sukuk (Islamic bonds) for corporate and individual investors.
• Safe Deposit Box Service Rental of safe deposit boxes at branches for customers to securely store valuables and documents.
• Western Union Money Transfer International money transfer service for sending and receiving funds globally through Western Union.

Quantifiable outcome

• Fiscal year profit of 71.1 million dinars
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Military Credit Fund (صندوق الائتمان العسكري)coreStrategic or Co-development Partner · 18 June 2026Jordan Islamic Bank and the Military Credit Fund have renewed their partnership for the fifth consecutive year to support the 'Comrades in Arms' program, providing Sharia-compliant financing solutions for military retirees.
• Renewable Energy FundcoreStrategic or Co-development Partner · 27 November 2024Jordan Islamic Bank signed an agreement with the Renewable Energy Fund to support financing of solar cells and home heaters, promoting sustainable energy adoption.
• Madrasati InitiativecoreStrategic or Co-development Partner · 19 November 2024Cooperation with Madrasati Initiative (Queen Rania's initiative) for educational support, including school improvements and student assistance programs aligned with sustainable development goals.
• Abdul Hameed Shoman FoundationminorStrategic or Co-development Partner · 19 November 2024Collaboration with Abdul Hameed Shoman Foundation for storytelling activities as part of educational initiatives.
• Al Baraka Bank EgyptcoreStrategic or Co-development Partner · 17 November 2024Launch of cooperation platform between Jordan Islamic Bank, Al Baraka Bank Egypt, and Al Baraka Bank Algeria to enhance business opportunities for clients across the Al Baraka network.
• Al Baraka Bank AlgeriacoreStrategic or Co-development Partner · 17 November 2024Launch of cooperation platform between Jordan Islamic Bank, Al Baraka Bank Egypt, and Al Baraka Bank Algeria to enhance business opportunities for clients across the Al Baraka network.
• Al Baraka GroupcoreOthersJordan Islamic Bank is a member of Al Baraka Group, an international Islamic banking group with presence across multiple countries including Egypt, Tunisia, Sudan, Bahrain, Turkey, South Africa, Algeria, Pakistan, Libya, Iraq, and Syria.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Al Baraka Bank Algeria: Sister entity within Al Baraka Group offering Islamic commercial banking in Algeria; comparable product mix and Sharia governance model, and recent bilateral platform launch signals close operational alignment.
• Al Baraka Bank Egypt: Fellow Al Baraka Group member operating Islamic banking services in Egypt; offers nearly identical Sharia-compliant product set (Murabaha, Ijarah, Mudaraba) and has an active cooperation platform with JIB for cross-border trade finance.

Broad incumbents

• Kuwait Finance House: One of the world's largest Islamic banks; comparable full-stack Islamic product portfolio (financing, treasury, investment) and benchmarks the regional ceiling for Sharia-compliant banking scale and digital sophistication.
• Al Rajhi Bank: Saudi Arabia's largest Islamic bank by assets; represents the gold standard for scaled Islamic retail banking with similar Murabaha/financing-led revenue model and serves as a benchmark for Islamic product penetration.
• Dubai Islamic Bank: UAE's largest Islamic bank and a global benchmark for Islamic retail banking innovation; comparable Sharia-compliant product breadth and aspirational peer for JIB's digital transformation roadmap.
• Arab Bank: Jordan-headquartered regional banking giant with significant domestic branch overlap; broad incumbent whose conventional dominance forces Islamic banks like JIB to compete on differentiated Sharia value propositions.

Regional players

• Jordan Kuwait Bank: Major Jordanian commercial bank with regional (Kuwait) parent backing; competes in the same retail and corporate segments and has been expanding Islamic banking offerings in the local market.
• ABC Bank (Jordan): Jordan-based bank with Arab Bank Group heritage offering both conventional and Islamic banking products; competes with JIB in the domestic Jordanian retail and SME markets.
• Bank of Jordan: One of Jordan's largest conventional banks; competes directly with JIB for retail and corporate customers in the same domestic market and increasingly offers Sharia-compliant windows that compete with JIB's core offerings.
• Jordan Commercial Bank: Established Jordanian commercial bank competing in the same domestic retail and corporate segments; relevant peer for benchmarking Jordan market share dynamics against JIB's Islamic-banking position.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/JordanIslamicBankOfficial
• LinkedInlinkedin.com/company/jordanislamicbankofficial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jordan Islamic Bank