Jordan Deposit Insurance Corporation

What Jordan Deposit Insurance Corporation does

Jordan Deposit Insurance Corporation (JDIC) is a government-owned statutory corporation established in 2000 under the supervision of the Central Bank of Jordan to protect depositors and maintain confidence in the Jordanian banking system. JDIC operates as a statutory deposit insurance scheme, with all licensed commercial and Islamic banks operating in Jordan required to participate as members. The corporation collects premiums and annual contributions from member banks to fund deposit protection activities and maintain reserve funds. In April 2019, JDIC expanded its mandate by establishing the Islamic Deposit Insurance Fund under Amended Law No. 8/2019, providing Sharia-compliant deposit protection for Islamic banking customers.

JDIC's core products are the standard Deposit Insurance Fund and the Islamic Deposit Insurance Fund, both providing protection for depositors at member banks under coverage limits defined by law. The corporation is supported by informational resources including annual reports, financial data portals, regulatory publications, and a member bank directory covering 15+ domestic banks. The underlying technology is a standard corporate web portal and information management system with no proprietary AI features or public APIs. JDIC does not operate as a technology product company but rather as a regulatory and financial stability institution.

JDIC's go-to-market strategy is regulatory-mandated rather than sales-driven: member banks are required to participate by law, and depositors are automatically covered through their banking relationship. The corporation supplements its mandate with public awareness and financial literacy campaigns targeting youth, university students, and the general public, in coordination with the Central Bank of Jordan and academic institutions. The corporation maintains international partnerships through MOUs with deposit insurance bodies in Palestine, Morocco, Tunisia, Iraq, and academic institutions for knowledge exchange and expertise sharing. The organization is headquartered in the Shmeisani district of Amman with 20 employees and is led by Director General Dr. Waleed Al-Qasrawi since November 2025.

Name

Jordan Deposit Insurance Corporation

Legal name

Jordan Deposit Insurance Corporation

Website

https://dic.gov.jo

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Jordan Deposit Insurance Corporation is a government-owned statutory entity established in 2000 that provides mandatory deposit insurance for depositors at all licensed commercial and Islamic banks in Jordan, operating under the supervision of the Central Bank of Jordan.

Ownership category

akta.pro rank

Product category

Deposit Insurance

NAICS

Other Insurance Funds (52519)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro industry

PRIMARYFSABAGAJ

Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

Keywords

• Deposit insurance
• Banking safety net
• Financial stability
• Islamic deposit insurance
• Depositor protection

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Bank Premiums and Contributions: The corporation collects premiums and annual contributions from member banks to fund deposit protection activities and maintain reserve funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Jordan Deposit Insurance Corporation provides statutory deposit insurance protection for depositors at all licensed commercial and Islamic banks operating in Jordan. The corporation operates two funds: the conventional Deposit Insurance Fund and the Islamic Deposit Insurance Fund (established April 2019 under Amended Law No. 8 of 2019) that provides Sharia-compliant coverage. Member banks pay statutory premiums and annual contributions, and depositors are compensated up to the coverage limit in case of bank liquidation.

Product overview

Jordan Deposit Insurance Corporation operates as a government entity providing deposit insurance protection services for the Jordanian banking sector. The core offerings include the standard Deposit Insurance Fund and the Islamic Deposit Insurance Fund (established 2019), both providing protection for depositors at member banks. The corporation's portfolio consists of core deposit protection services supported by informational resources including annual reports, financial data portals, regulatory publications, member bank directories, and public education programs. The organization does not operate as a technology product company but rather as a regulatory and financial protection institution.

Differentiator

Problem solved

Functional benefit

Products and services

• Deposit Insurance Services
• Islamic Deposit Insurance Fund (صندوق ضمان الودائع لدى البنوك الإسلامية)

Named customers16 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• National Cybersecurity Center (المركز الوطني للأمن السيبراني)minorStrategic or Co-development Partner · 7 March 2026Workshop on cybersecurity awareness for JO-DIC staff presented by the Center to enhance cybersecurity culture and information security practices.
• University of Jordan - Aqaba BranchminorStrategic or Co-development Partner · 16 February 2025MOU to develop joint cooperation frameworks in spreading community awareness about deposit insurance in Aqaba and southern governorates through lectures, distribution of publications, and electronic platforms. Also includes joint study on adding deposit insurance content to business college courses.
• Tunisian Deposit Insurance Fund (صندوق ضمان الودائع البنكية - الجمهورية التونسية)minorStrategic or Co-development Partner · 21 November 2024MOU for cooperation and exchange of expertise in deposit insurance between Jordan and Tunisia.
• Iraqi Deposit Insurance Company (الشركة العراقية لضمان الودائع)minorStrategic or Co-development Partner · 14 October 2021MOU for cooperation and exchange of expertise in deposit insurance between Jordan and Iraq.
• Moroccan Company for Deposit Insurance Fund Management (الشركة المغربية لتدبير صناديق ضمان الودائع البنكية)minorStrategic or Co-development Partner · 20 June 2017MOU for cooperation and exchange of expertise in deposit insurance between Jordan and Morocco.
• Palestinian Deposit Insurance Corporation (المؤسسة الفلسطينية لضمان الودائع)minorStrategic or Co-development Partner · 16 February 2015MOU for cooperation and exchange of expertise in deposit insurance between Jordan and Palestine.
• Central Bank of Jordan (البنك المركزي الأردني)coreStrategic or Co-development Partner · 8 February 2005Foundational MOU establishing cooperation framework between the Central Bank of Jordan and the Deposit Insurance Corporation for the oversight and regulation of the banking sector.
• Integrity and Anti-Corruption CommissionminorStrategic or Co-development PartnerCollaboration for the National Integrity Index program covering 119 government entities to promote transparency and integrity standards.
• Unit of Anti-Money Laundering and Terrorist FinancingminorStrategic or Co-development PartnerParticipated in Iftar event to strengthen cooperation between the two regulatory bodies.
• Central Bank of Jordan - Consumer Protection DepartmentcoreStrategic or Co-development PartnerJoint financial awareness campaigns in Aqaba targeting school students, university students, and community members on deposit insurance and consumer rights.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tunisian Deposit Insurance Fund (FGDB): Tunisia's Fonds de Garantie des Dépôts Bancaires and direct partner of JO-DIC through a 2024 MOU. Maghreb regional peer with similar statutory deposit insurance mandate.
• Moroccan Company for Deposit Insurance Fund Management (SGFG): Morocco's deposit insurance fund management entity and direct partner of JO-DIC through a 2017 MOU. MENA regional peer providing similar bank premium-funded deposit protection.
• Palestinian Deposit Insurance Corporation (PDIC): Palestine's deposit insurance entity and direct partner of JO-DIC through a 2015 MOU. Operates in similar Levantine regulatory environment with comparable mandate structure for protecting depositors.
• Federal Deposit Insurance Corporation (FDIC): The U.S. deposit insurance corporation covering all FDIC-insured banks. JO-DIC explicitly adheres to IADI Core Principles established with FDIC leadership, making it the global gold standard and most directly comparable deposit insurance peer.
• Saudi Deposit Insurance Company (SDIC): Saudi Arabia's deposit insurance entity, operating in the same GCC/MENA regulatory environment. Provides directly comparable Arabic-language regional deposit insurance mandate with similar bank membership structure.
• Iraqi Deposit Insurance Company: Iraq's deposit insurance entity and direct partner of JO-DIC through a 2021 MOU. MENA regional peer with comparable mandate for protecting depositors at Iraqi commercial and Islamic banks.
• Canadian Deposit Insurance Corporation (CDIC): Canada's federal deposit insurer providing similar coverage and member bank premium-based funding. Comparable mid-sized economy with universal banking coverage model parallel to JO-DIC.
• Egyptian Deposit Insurance Corporation (EDIC): Egypt's deposit insurance entity covering banks operating under CBE oversight. Most direct Arab regional peer with similar universal coverage mandate, Arabic operations, and emerging market banking sector dynamics.
• Deposit Insurance Corporation of Turkey (TMSF): Turkey's Savings Deposit Insurance Fund with comparable universal bank coverage. Regional peer with similar economic scale and dual Islamic/conventional banking market dynamics relevant to JO-DIC.

Broad incumbents

• Central Bank of Jordan: The Central Bank of Jordan serves as JO-DIC's supervisor, parent regulator, and Board chair. While not a deposit insurance peer itself, it provides the regulatory framework, banking oversight, and foundational policy direction for JO-DIC's operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCFzdhYAUn-CQmRQ0FYWaLqg
• Facebookfacebook.com/JODIC.dic1
• Instagraminstagram.com/depositinsurancecorporation/?fbclid=IwAR0iVo85iGZQtI9h_EXx3RDhYlCmSHUCLHZM_ME8O7yr6CCPKaEkvvik9A4
• LinkedInlinkedin.com/company/jordan-deposit-insurance-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Deposit Insurance Corporation