Jordan Postal Saving Fund
Jordan Postal Saving Fund is a Jordanian government financial institution offering Sharia-compliant savings accounts and Murabaha consumer financing to government employees, retirees, and the general public through postal offices nationwide.
- Company typePrivate
- Founded1974
- HeadquartersAmman, Jordan
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Jordan Postal Saving Fund does
Jordan Postal Saving Fund (صندوق توفير البريد) is an independent Jordanian government financial institution established under Law No. 34 of 1966 and operational since September 1974. It is headquartered in Amman with two additional branches in Zarqa and Irbid (opened in 2008), and delivers services nationwide through a contractual partnership with Jordan Post offices across all governorates and via an Electronic Services Portal at portal.psf.gov.jo. The Fund accepts savings deposits from the public, returning them under statutory provisions, and extends Sharia-compliant Murabaha-based consumer financing for electronics, furniture, vehicles (including hybrid cars), building materials, and services such as education, healthcare, and marriage expenses. All deposits and accrued profits carry a government guarantee, profits are tax-exempt, and balances are legally non-attachable, giving the institution a sovereign-backed risk profile that no private Jordanian competitor can match.
The core product set is divided into three blocks. On the deposit side, regular savings earn 2% (25-999 JOD tiers), investment deposits up to 3.5%, and Mudarabah profit-sharing contracts up to 4.1% for balances exceeding 500,000 JOD. On the financing side, small-ticket Murabaha loans range from 300 to 15,000 JOD with profit rates of 7% for vehicles and 9.5% for consumer goods, with repayment tenors of 24 to 60 months depending on ticket and product, mandatory mutual insurance (Takaful), and government salary deduction for higher tiers. The operating technology is an Electronic Investment System for managing the financing book plus integration with Jordan's e-government portal for client identity and disbursement; service fees are largely transactional (1-50 JOD for statements, passbooks, guarantor changes) with free account opening, deposits, and withdrawals.
The business model monetizes the spread between Murabaha financing yields (7-9.5%) and savings-pool payouts (2-4.1%), supplemented by fee income from service transactions, insurance fees, and stamp duties. Distribution is hybrid: an enterprise/government field-sales motion via three dedicated branches plus a reseller-style channel through Jordan Post offices, augmented by self-serve electronic services and Knowledge Stations. Customers are segmented across primary government employees (salary-deduction book), military retirees, the general public (savings-led), small-project entrepreneurs, and a growing healthcare-finance segment built through hospital and medical-supplies partnerships. The Fund is governed by a Board chaired by the Minister of Digital Economy and Entrepreneurship, with the Director General as Vice Chairman and representatives from the Banks Association, Jordan Post, the Central Bank of Jordan, the Ministries of Planning and Finance, supported by an Internal Audit Unit and a Sharia Compliance Committee.
Jordan Postal Saving Fund firmographics
Firmographics- Name
- Jordan Postal Saving Fund
- Legal name
- Jordan Postal Saving Fund (صندوق توفير البريد)
- Website
- https://psf.gov.jo
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Jordan Postal Saving Fund is a Jordanian government financial institution offering Sharia-compliant savings accounts and Murabaha consumer financing to government employees, retirees, and the general public through postal offices nationwide.
- Ownership category
- akta.pro rank
Jordan Postal Saving Fund industry classification
Industry- Product category
- Postal Savings & Consumer Finance
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (52218), Depository Credit Intermediation (5221)
- SIC
- Functions Related To Depository Banking, Nec (6099), Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Islamic Retail Banking (FSABAGAA)
- akta.pro secondary industries
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic SME & Commercial Banking (FSABAGAB), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)
Keywords
Where Jordan Postal Saving Fund is headquartered
LocationHeadquarters
- HQ city
- Amman
- HQ country
- Jordan
- HQ region
- Middle East
Offices4 records
Markets served
Jordan Postal Saving Fund business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Murabaha Financing Profit: The Fund generates profit through Murabaha (cost-plus financing) arrangements for purchasing goods including electronics, furniture, vehicles, and building materials. Profit rates range from 7% for vehicles to 9.5% for consumer goods, calculated on the financing amount multiplied by the time period and mutual insurance fee.
- Savings Deposits Investment Returns: The Fund accepts savings deposits and invests them, returning deposits to depositors according to law. Savings accounts earn returns of 2% for regular savings (25-999 JOD) and up to 3.5% for investment deposits (1000+ JOD).
- Sharia-Compliant Investment Products: The Fund offers Islamic-compliant investment products including Musharakah (partnership), Mudarabah (profit sharing), and Ijara (leasing) financing arrangements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Electronics, furniture, and building financing: 300-1000 JOD |
| Unit Pricing | Pay-as-you-go | Electronics, furniture, and building financing: 1001-3000 JOD |
| Unit Pricing | Pay-as-you-go | Electronics, furniture, and building financing: 3001-5000 JOD |
| Unit Pricing | Pay-as-you-go | Vehicle financing: Regular cars up to 10,000 JOD |
| Unit Pricing | Pay-as-you-go | Vehicle financing: Hybrid cars up to 15,000 JOD |
| One time/ perpetual license | Pay-as-you-go | Savings account opening |
| Transaction based/ take rate | Pay-as-you-go | Savings deposit/withdrawal service |
| Transaction based/ take rate | Pay-as-you-go | Account statement issuance |
| Transaction based/ take rate | Pay-as-you-go | Replacement passbook issuance |
| Transaction based/ take rate | Pay-as-you-go | Financing service fees |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Jordan Postal Saving Fund product offering
Product offeringCore offering
Jordan Postal Saving Fund accepts savings deposits and provides Sharia-compliant Murabaha-based consumer financing for vehicles, electronics, furniture, building materials, and service expenses such as education and healthcare. Operating under Law No. 34 of 1966, the Fund distributes its financial products through dedicated branches, Jordan Post offices nationwide, and an electronic services portal. Deposit returns range from 2% to 3.5%, with Mudarabah profit-sharing arrangements reaching up to 4.1%.
Product overview
Jordan Postal Saving Fund operates as an independent government financial institution specialized in savings and financing activities under Law No. 34 of 1966. The fund offers a comprehensive suite of Sharia-compliant savings products including savings accounts, current accounts, and investment deposits with returns up to 3.5% (and up to 4.1% for Islamic profit-sharing contracts). On the financing side, it provides murabaha-based financing for electronics, furniture, building materials, vehicles (including hybrid/electric cars), and service expenses like education and healthcare. Services are delivered through physical branches across Jordan, postal offices, and a comprehensive electronic services portal. The fund operates on Islamic law principles including murabaha, mudharabah (profit-sharing), and musharakah (partnership) models.
Differentiator
Problem solved
Functional benefit
Products and services
- Savings Accounts (حسابات التوفير) Government-guaranteed savings accounts offered through postal offices nationwide, allowing individual depositors to save and earn returns starting at 2%.
- Current Accounts (حسابات جارية) Transactional current accounts for day-to-day banking needs, with no fees on deposits or withdrawals.
- Investment Deposits (الودائع الاستثمارية) Investment deposit accounts targeting larger balances with returns up to 3.5%, and Islamic Mudarabah profit-sharing contracts up to 4.1% on amounts exceeding 500,000 JOD.
- Electronics, Electrical Appliances and Furniture Financing (الحاسوب، الأجهزة الكهربائية والأثاث) Sharia-compliant Murabaha financing for computers, electrical appliances, and furniture in amounts from 300 to 5,000 JOD over 24-48 month periods at a 9.5% profit rate.
- Vehicle Financing (regular and hybrid) (السيارات والسيارات الهجينة الهايبرد) Murabaha financing covering 75% of vehicle value up to 10,000 JOD for regular cars and 15,000 JOD for hybrid vehicles over 60-month repayment at a 7% profit rate, requiring a vehicle mortgage.
- Building Materials and Home Maintenance Financing (مواد البناء وصيانة وتوسعة المنازل) Murabaha financing for building materials, home maintenance, and home expansion projects under the housing finance program at a 9.5% profit rate.
- Education, Medical and Services Financing (تمويل الخدمات والمنافع مثل التعليم، العلاج، الزواج) Murabaha financing for education, medical, marriage, and other service-related expenses enabling individuals to pay essential costs in installments.
- Electronic Services Portal (البوابة الإلكترونية) Online portal providing electronic services including customer data updates, credit status inquiries, online account opening, deposits, financial solvency certificates, and financing commitment letters, integrated with Jordan's e-government (e-Sanad) gateway.
Quantifiable outcome
- Savings deposits return of 2% for regular savings (25-999 JOD) and up to 3.5% for investment deposits (1000+ JOD)
- +2 more outcomes
Companies that use Jordan Postal Saving Fund
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Jordan Postal Saving Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Jordan Postal Saving Fund partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor, core and supporting.
- Al-Haramain Hospital (مستشفى الحرمين)minorCooperation agreement signed between the Fund and Al-Haramain Hospital to improve public services. Customers can pay for treatment or surgeries through easy installments at the hospital with quick transaction processing.
- Jordan Postal Company (شركة البريد الأردني)coreThe Fund signed an agreement with Jordan Post authorizing postal committees to sign financing documents on behalf of the Fund, and postal offices throughout the kingdom to open savings accounts, handle deposits and withdrawals. This partnership expands service coverage across all Jordanian governorates.
- Jordan Insurance Company (شركة التأمين الأردنية)coreThe Fund has an agreement with Jordan Insurance Company for mutual insurance (Takaful) coverage. In case of borrower death or total disability, the company pays the remaining balance of the Murabaha contract on behalf of the borrower.
- Basma Shams Medical Supplies Company (شركة بسمة شمس للوازم الطبية)minorPartnership agreement signed for providing medical supplies financing to Fund customers.
- American Furniture Company (بيت الأثاث الأمريكي)minorPartnership agreements signed with furniture companies including American Furniture for providing furniture financing to Fund customers.
- Licensing Department (دائرة الترخيص)supportingPartnership for vehicle licensing services, required for vehicle financing and mortgage procedures.
Scale indicators4 records
Recent moves8 records
Expansion highlights5 records
Jordan Postal Saving Fund competitors and assessment
Company assessmentOthers
- Jordan Post Company: Strategic distribution partner of the Fund rather than a competitor; operates the nationwide post office network through which the Fund accepts deposits and processes financing documents. Relevant for understanding the Fund's channel structure and concentration risk.
- Jordan Insurance Company: Provides Takaful (Islamic insurance) coverage on the Fund's Murabaha financing, paying outstanding balances in case of borrower death or total disability. An ecosystem enabler rather than a competitor — included for completeness on the Fund's risk-mitigation stack.
Direct peers
- Islamic International Arab Bank: Sharia-compliant subsidiary of Arab Bank Jordan, offering Islamic deposit and financing products (Murabaha, Ijara, Musharakah) to retail and SME customers. Competes directly with the Postal Saving Fund for government employee banking and consumer financing in Jordan.
- Jordan Islamic Bank: Jordan's largest dedicated Islamic bank, offering a similar Sharia-compliant suite of deposit accounts (Mudarabah) and Murabaha/Ijara/Musharakah financing to retail and corporate customers. Direct competitor for Sharia-conscious government employees and general public seeking consumer and vehicle financing.
Broad incumbents
- Bank of Jordan: Established Jordanian commercial bank offering retail deposits, consumer loans, vehicle financing, and payroll services to government employees. A broad incumbent in the same deposit-and-consumer-financing space, though not Sharia-specialized.
- Jordan Kuwait Bank: Major Jordanian commercial bank with growing Islamic banking window; competes for retail deposits and consumer financing, including to government employees. Broader portfolio includes conventional corporate banking, so classified as broad incumbent.
- Cairo Amman Bank: Jordanian commercial bank with strong retail franchise and government-employee payroll relationships, offering consumer and vehicle financing products that overlap with the Postal Saving Fund's offering. Broader conventional bank portfolio places it as a broad incumbent.
Emerging players
- National Microfinance Bank (Tanmeyah): Jordanian microfinance institution focused on small-ticket SME and consumer financing to underserved segments. While Sharia-compliance is partial, it competes for the same small-project entrepreneur and lower-income borrower segments the Fund targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Jordan Postal Saving Fund social profiles
Digital presenceJordan Postal Saving Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jordan Postal Saving Fund leadership team
Management profileNumber of profiles
Profiles9 records
Jordan Postal Saving Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jordan Postal Saving Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jordan Postal Saving Fund
What does Jordan Postal Saving Fund do?
Jordan Postal Saving Fund accepts savings deposits and provides Sharia-compliant Murabaha-based consumer financing for vehicles, electronics, furniture, building materials, and service expenses such as education and healthcare. Operating under Law No. 34 of 1966, the Fund distributes its financial products through dedicated branches, Jordan Post offices nationwide, and an electronic services portal. Deposit returns range from 2% to 3.5%, with Mudarabah profit-sharing arrangements reaching up to 4.1%.
Is Jordan Postal Saving Fund a public or private company?
Jordan Postal Saving Fund is a private company. It is classified as state government owned and is currently operating.
When was Jordan Postal Saving Fund founded?
Jordan Postal Saving Fund was founded in 1974. It employs 1 to 10 people.
Where is Jordan Postal Saving Fund based?
Jordan Postal Saving Fund is headquartered in Amman, Jordan, in the Middle East region.
How does Jordan Postal Saving Fund make money?
Three revenue lines are on record. Murabaha Financing Profit is the primary driver. The others are savings Deposits Investment Returns and sharia-Compliant Investment Products.
Who are Jordan Postal Saving Fund's main competitors?
Others on record are Jordan Post Company and Jordan Insurance Company. Direct peers are Islamic International Arab Bank and Jordan Islamic Bank. Broad incumbents are Bank of Jordan, Jordan Kuwait Bank and Cairo Amman Bank. National Microfinance Bank (Tanmeyah) is listed as an emerging player.
Does Jordan Postal Saving Fund have an API?
No public API is recorded for Jordan Postal Saving Fund.
What industry is Jordan Postal Saving Fund in?
Jordan Postal Saving Fund's product category is Postal Savings & Consumer Finance. Its primary akta.pro industry code is FSABAGAA, Islamic Retail Banking, with a secondary code of FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 52218 and its SIC code is 6099.