ISLAMIC INTERNATIONAL ARAB BANK PSC

Business Summary

Islamic International Arab Bank PSC (IIAB) is a Jordan-based financial institution that provides banking services in compliance with the Islamic Sharia principles. The Bank operates in three segments: the Retail Accounts segment includes follow-up of unrestricted investment accounts, deferred sale receivables, financings, credit card and other services; the Corporate Accounts segment includes follow-up of unrestricted investment accounts, deferred sales receivables, financings and other banking services related to corporate customers, and the Treasury segment provides services of trading, treasury and management of the Bank’s fund. The Bank offers products that are consistent with the principles of Sharia financing methods, such as leasing ending with ownership (Ijara), Mudaraba, Istisna, Musharaka and Mossawamah. The Bank also provides services of trade finance through Murabaha letter of credits, Self financed letter of credits, Collection bills and Internal and external guarantees.

Country of Incorporation

Jordan

Incorporation Date

1997-03-30

Business Sector

Banking & Investment Services