Palestine Islamic Bank (PIB) is a leading Sharia-compliant financial institution in Palestine, with a network of branches spanning the West Bank and Gaza Strip. Established in 1977, it is considered to be the first Islamic bank in Palestine, and is one of the leading banks in the country. PIB is well-capitalized, having been consistently ranked as one of the most profitable and stable banks in Palestine.

History

Palestine Islamic Bank (PIB) was the first Islamic financial institution founded in the West Bank and Gaza Strip in 1977. The idea of establishing a Sharia-compliant bank was prompted by the dissatisfaction of local citizens with the more conventional banking landscape. The Bank received its charter from the Central Bank of Palestine (CBP), which set the standards for the financial, technical, legal and capital requirements needed for operation. Over the course of its growth, PIB has become the market leader in Islamic banking in Palestine.

Mission

The mission of Palestine Islamic Bank (PIB) is to provide superior and innovative Islamic banking solutions that meet the financial needs of our customers and adhere to the principles of Islamic law while striving to promote sustainable economic growth.

Vision

To be the leading and most trusted Islamic Bank in the Middle East, providing Sharia-compliant financial services and products that meet the diverse needs of our customers and ensure their financial well-being.

Key Team

Alaa Saleem Mousa Sisalem (Director)

Alaa Sobhi Razia (Chairman of the Sharia Supervisory Board)

Abdul Hamid Fayez Al Abwah (Independent Director)

Ali Zaidan Abu Zahri (Independent Director)

Majed Ata Zeyab Helo (Director)

Salah Fayez Ahmad Al Daghma (Director)

Talal Kadhim Abdellah Nasereddin (Deputy Chairman)

Rafiq Shaker Al-Natsheh (Director)

Anees Ahmed Mustafa Alhaje (Independent Director)

Maher Hamid Al Holi (Member of Sharia Supervisory Board)

Ayman Jibreen Jweleis (Member of Sharia Supervisory Board)

Recognition and Awards

Palestine Islamic Bank has won a number of awards, including Banker Middle East’s “Best Sharia Compliant Bank in Palestine” award in 2020, and the Global Finance magazine's “Best Islamic Bank in Palestine” award in 2019. It has also been named one of the Top 1000 World Banks for consecutive years.

References

https://in.investing.com/equities/pal-islamic-bank

https://www.crunchbase.com/organization/palestine-islamic-bank

www.islamicbank.ps

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Leadership team

Maher Neshat Taher Al Masri (Chairman of the Board)

Omar Munib Rashid Al-Masri (Director)

Salem Mostafa Salem Abu Khaizaran (Director)

Products/ Services

Banking, Finance, Financial Services

Number of Employees

500 - 1000

Headquarters

Ramallah, West Bank, Palestinian Territory

Established

1995

Traded as

PEX:ISBK

Social Media

URL

www.islamicbank.ps

Last updated: Tue Feb 25 2025

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Palestine Islamic Bank

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Summary