To be followed by Shmeisani & Wihdat branches next month and Zarqa & Irbid soon after

Amman, May 10th 2010, Chairman of JDIB's board of directors, HE Mr. Salem Khazaleh and the Bank's CEO Mr. Sami Afghani inaugurated yesterday, Jordan Dubai Islamic Bank's third branch in Jordan located in Al Madina Al Munawara Street - Amman. The opening was announced during a ceremony attended by members of the Bank's board of directors and its executive management. The Bank also shared its plans for opening future branches including Shmeisani branch which will be launched in mid June, followed by Wihdat branch by the end of the same month, and Zarqa & Irbid branches soon after; as part of the Bank's strategic plans to have a complete network of 10 branches by year end bringing the total to 20 branches distributed throughout the kingdom within the next 3 years. The first branch was opened at Jabal Amman early this year followed by Al Bayader branch which opened in March.

Al Afghani stated "we have announced our first dividends distribution ranging between 3.41% & 4.1% for Jordanian Dinar and 0.88% up to 1.095% for the US Dollar for the first quarter. We have also launched several products in the market since the inception of the bank; including the auto financing program and we will be announcing soon many new products and services to serve our customers' various needs."

Al Afghani also added that although the bank has not been operating in the market for long, JDIB has managed to distinguish itself through interaction with the community and its diverse social and economic sectors through its Corporate Social Responsibility Program. Jordan Dubai Islamic Bank sponsored the First Islamic Investment & Finance Forum for the Middle East at the Dead Sea, in addition to the First National Media Conference and Aqaba Economic Conference as well as sponsoring the Jordan Engineering Association celebrations of the Prophet Mohammed's Birthday and the Islamic Center's activities.

Jordan Dubai Islamic Bank is a public shareholding company with a paid up capital of JD 50 million and is a result of transforming the Industrial Development Bank into a comprehensive banking entity operating under a new name and in accordance with the Islamic Shari'a law. Jordan Dubai Capital & Dubai Islamic Bank both own 52% of the Bank's capital. JDIB offers a complete package of Islamic banking solutions developed according to the highest international standards and supported by Dubai Islamic Bank's vast expertise in this field, to meet the growing demand in the Jordanian market.

Dubai Islamic Bank, established in 1975, was the first Islamic bank in the world and has a long standing history in providing quality services and products that are Shari'a compliant. DIB has invested in opening highly successful financial institutions offering Shari'a compliant banking services in other Islamic countries including Sudan, Pakistan and most recently Jordan through the Jordan Dubai Islamic Bank.

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© Press Release 2010