ISLAMIC FINANCE

Jordan Islamic Bank posts profits before tax of $118.1 million for 2016February 11, 2017

By the end of 2016, Jordan Islamic Bank (JIB) a subsidiary of Al Baraka Banking Group achieved profits before tax in an amount of US$ 118.1 million, compared with US$ 105.4 million in 2015; with a growth of nearly 12.1%. Net profits after tax reached US$ 76.2 million compared to US$ 68.7 million during 2015; with a growth of nearly 11%.

Mr. Adnan Ahmed Yousif, Chairman of Jordan Islamic Bank ,President & Chief Executive"......

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Foursan Group exits investment in Jordan Dubai Islamic Bank January 25, 2017

Foursan Group, a leading Middle Eastern private equity firm, announced today the successful exit by its fund, Foursan Capital Partners (“FCP”), of its investment in Jordan Dubai Islamic Bank (“JDIB”), a premier Islamic banking institution listed on the Amman Stock Exchange.

FCP was the second largest shareholder"......

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