Palestine Islamic Bank

Summary

History

Mission

Vision

References

Summary

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.

References

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

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

www.islamicbank.ps

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