Islamic International Arab Bank

What Islamic International Arab Bank does

Islamic International Arab Bank (IIAB), commercially branded as Arabi Islami Bank, is a Jordan-based public shareholding company that has operated as a full-service Sharia-compliant commercial and investment bank since commencing operations on February 9, 1998. The bank is governed by a dedicated Sharia Supervisory Board and overseen by the Central Bank of Jordan, with all products structured under Islamic finance principles (Murabaha, Ijara, Jahala, Jua'ala, joint investment with profit-sharing). It serves retail individuals, high-net-worth VIPs (Thuraya program), small and medium enterprises (Ibdaa, Bader, Wasel, Tamakani), and corporate clients (project, fixed assets, working capital, trade finance, renewable energy) through a multi-channel distribution network comprising 40+ branches across all Jordanian governorates, an extensive ATM network, a 24/7 call center, internet banking, and the Arabi Islami Mobile App (iOS, Android, Huawei AppGallery). The bank is audited by Deloitte & Touche (Middle East) - Jordan and led by General Manager Iyad Al-Assli, with board chairmanship held by former Central Bank of Jordan Governor Mohammad Said Shahin.

The product portfolio spans deposit accounts (Basic, Current, Savings, Joint Investment, Kids Sumu), Sharia-compliant financing (home up to 250,000 JOD, land, auto up to 75,000 JOD, personal up to 20,000 JOD, Farah wedding finance, renewable energy), card services (Golden Credit, Installment, Joallah, Visa Debit, Internet Installment, IIAB Pay wearables with Apple Pay), and digital/instant payment integrations (CliQ, eFAWATEERcom, ACH). Revenue is generated primarily through profit rates on financing facilities, fees on cards and remittances, trade finance commissions, and treasury/investment services including sukuk advisory and custody. The bank operates exclusively within Jordan with no disclosed international expansion, and has no disclosed parent company, though the board includes senior Arab Bank executives.

Name

Islamic International Arab Bank

Legal name

Islamic International Arab Bank (البنك العربي الإسلامي الدولي) ش.م.ع (Public Shareholding Company)

Website

https://iiabank.com.jo

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Islamic International Arab Bank is a Jordan-based full-service Sharia-compliant commercial bank operating since 1998, serving retail, corporate, SME, and VIP customers through 40+ branches and digital channels across all Jordanian governorates.

Ownership category

akta.pro rank

Product category

Islamic Commercial Banking

NAICS

Commercial Banking (52211), Offices of Bank Holding Companies (551111)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Corporate Banking (FSABAGAC), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK)

Keywords

• Islamic banking services
• Sharia-compliant financing
• Retail banking products
• Corporate banking solutions
• Sme lending programs

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices15 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 (Murabaha, Ijara, Jahala): Islamic financing products including home financing up to 250,000 JOD, land financing, vehicle financing up to 75,000 JOD, personal financing up to 20,000 JOD, and business financing. Revenue generated through profit rates on financing facilities.
2. Current and Savings Deposits: Acceptance of customer deposits in current accounts, savings accounts, and joint investment accounts. Deposits form the basis for financing activities and generate fee income.
3. Card Services: Credit cards (Golden, Installment, Joallah), debit cards, and wearable payment devices (bands, stickers) generating interchange fees and annual charges.
4. Remittances and Trade Finance: Domestic and international money transfers, letters of credit, guarantees, and collection bills with associated fees.
5. Electronic Banking Services: Internet banking, mobile banking app, eFAWATEERcom bill payment, CliQ instant transfers generating transaction fees and potential subscription revenues.
6. SME Financing Platform: Digital SME lending platform enabling small business financing with Kafalah guarantee scheme integration.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels6 records

Core offering

Islamic International Arab Bank is a full-service Islamic commercial bank operating in Jordan, offering Sharia-compliant deposit accounts, Islamic financing products (Murabaha, Ijara, Jahala), payment cards, digital banking services, corporate and SME financing, trade finance, treasury services, and VIP banking. All products are approved by a dedicated Sharia Supervisory Board and delivered through 40+ branches, an extensive ATM network, mobile/internet banking, and a dedicated corporate center.

Product overview

Islamic International Arab Bank (IIAB) operates as a full-service Islamic commercial and investment bank in Jordan offering a comprehensive portfolio of Sharia-compliant products and services. The bank serves retail individuals, small and medium enterprises (SMEs), corporate clients, and high-net-worth VIP customers through a multi-channel distribution network. The core product ecosystem includes: (1) Retail Banking with deposit accounts (Basic, Current, Savings, Investment, and Kids Sumu accounts), financing products (Home, Land, Auto, Personal, and Farah wedding finance), and card services (Golden Credit Card, Installment Cards, Visa Debit, and IIAB Pay contactless wearables); (2) Digital Banking through the Arabi Islami Mobile App, Internet Banking, and Phone Banking (Bank Al-Natiq); (3) Business Banking with Project Financing, Fixed Assets, Working Capital, Trade Finance, and Renewable Energy financing; (4) SME Banking via specialized programs (Ibda'a for startups, Bader for small business, Wasel for medium business, Tamakani for women entrepreneurs) supported by the SME Portal, Kafalah guarantee scheme, Edamah COVID recovery, and Inhad self-employment program; (5) Treasury and Investment services including FX, Sukuk issuance, and investment custody; (6) VIP Banking through the Thuraya program. All products adhere to Islamic Sharia principles under supervision of the Sharia Supervisory Board.

Differentiator

Problem solved

Functional benefit

Brands

• Thuraya (ثريا): VIP banking membership program featuring premium privileges, exclusive benefits, dedicated relationship manager, and access to VIP lounges
• Sumu (سمو)
• Arabi Islami Mobile
• Tamakeni (تمكّني)
• Ibdaa (ابدأ)
• Bader (بادر)
• Wasel (واصل)
• Kafalah (كفالة)
• Edamah (إدامة)
• Inhad (انهض)
• Farah (فرح)
• IIAB Pay
• Tamakani (تمكّني)

Segments4 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• Jordanian Credit Guarantee Company (Kafalah)coreStrategic or Co-development PartnerJoint program with Jordanian Credit Guarantee Company providing Sharia-compliant alternative guarantees for SME financing. First of its kind in Jordan's Islamic banks. Enables SMEs without sufficient collateral to access financing through the Kafalah guarantee mechanism.
• Central Bank of JordancoreStrategic or Co-development PartnerRegulatory oversight and partner in national programs including Edamah (COVID-19 relief with 2% reducing annual return), Inhad (self-employment program), and national payment systems (eFAWATEERcom, CliQ).
• National Program for Self-Employment (Inhad)majorStrategic or Co-development PartnerPartner bank in the national self-employment program offering financing from 5,000 to 50,000 JOD at 4.5% annual return with up to 84 months tenure and 12 months grace period for youth aged 18-45.
• ApplecoreTechnology or IntegrationIntegration of Apple Pay digital payment service allowing IIAB customers to use debit or credit cards through Apple devices with Face ID/Touch ID authentication.
• VisacoreTechnology or IntegrationCard network partnership for issuing Visa-branded debit cards, credit cards (Golden, Installment, Joallah), and contactless payment services including Apple Pay integration.
• eFAWATEERcomcoreTechnology or IntegrationNational bill presentation and collection system under Central Bank of Jordan supervision. Enables bill inquiry and payment through IIAB's digital channels and branches.
• CliQcoreTechnology or IntegrationInstant payment service enabling real-time money transfers in Jordanian Dinar between customers of participating banks. Available through IIAB mobile app for instant, free transfers within limits.
• Joallah Installment Card Merchant NetworkminorChannel Partner/ Reseller/ DistributorNetwork of approved merchants for Joallah installment card including electronics retailers (Smart Buy, Leaders, HyperMax), furniture stores, dental clinics, travel agencies, and more across Jordan.
• Personal Finance Approved MerchantsminorChannel Partner/ Reseller/ DistributorNetwork of approved merchants for personal financing including electronics stores, furniture stores, healthcare providers, educational institutions, automotive services, and more across various regions in Jordan.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Al Rajhi Bank: Largest Islamic bank globally by assets and a Saudi-listed franchise. Comparable as a regional benchmark for Sharia-compliant retail, SME, and corporate banking scale, though operating in a much larger and different market.
• Al Baraka Banking Group: Bahrain-headquartered Islamic banking group with operations across MENA. Comparable as a regional Islamic banking peer for Sharia-compliant retail, corporate, and treasury product benchmarking.
• Dubai Islamic Bank: UAE's flagship Islamic bank offering full Sharia-compliant retail, corporate, and treasury services. Comparable as a benchmark for Islamic digital banking, VIP/premium segments, and corporate finance product breadth in a regional Islamic banking context.
• Kuwait Finance House: Major Kuwaiti Islamic bank with regional presence across GCC and beyond. Comparable as a benchmark for Sharia-compliant product innovation (Murabaha, Ijara, Sukuk) and digital transformation across retail and corporate segments.
• Arab Bank: Conventional commercial bank headquartered in Amman and the parent-affiliate network for IIAB. Comparable as the dominant Jordanian banking franchise against which IIAB's Sharia-only positioning competes, and which supplies board, treasury, and correspondent relationships.

Direct peers

• Bank of Jordan: Major Jordanian commercial bank offering retail, corporate, and SME banking. Directly comparable as a domestic competitor for the same Jordanian deposit and lending wallet, though operating as a conventional rather than Sharia-compliant institution.
• Cairo Amman Bank: Jordan-headquartered commercial bank with regional footprint. Directly comparable as a Jordanian mid-tier competitor for retail and SME customers; the bank's own management team includes alumni from Cairo Amman Bank.
• Jordan Kuwait Bank: Jordanian commercial bank with Kuwait strategic partnership. Comparable as a domestic competitor for retail, SME, and corporate banking in Jordan, though operating conventionally.
• Jordan Islamic Bank: Largest and oldest Islamic bank in Jordan, founded 1978. Directly comparable as a full-service Sharia-compliant commercial bank offering retail, corporate, SME, and treasury products to the same Jordanian customer base as IIAB.
• Arab Jordan Investment Bank: Jordanian commercial and investment bank. Comparable as a mid-sized domestic competitor for corporate, SME, and treasury banking relationships in Jordan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/arabiislamibank
• Instagraminstagram.com/arabi.islamibank
• Xx.com/iiabjordan

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 Islamic International Arab Bank