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Palestine Islamic Bank Plc (Palestine)

Main Activities: Commercial Banking
Full name: Palestine Islamic Bank Plc Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Palestine Islamic Bank was established in 1995 as a public joint stock company, and started operations in 1997 after receiving the license by the Palestinian Monetary Authority. PIB performs all banking activities in compliance with the Sharia Islamic law, which bans the charge and receipt of interest. It is one of the biggest Islamic credit institutions in Palestine. The bank is active in personal, corporate and investment banking. Its headquarters are in Ramallah and it has 21 branches in different regions of the country.

Headquarters
General Management- Albirh, P.O. Box: 2106
Ramallah and Al-Bireh; Gaza;

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Website: http://www.islamicbank.ps

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
February 16, 1995
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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24.85%
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10.3%
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10%
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9.4%
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8.29%
Subsidiaries
Takaful Insurance Company Plc
27.83%
Al-Takaful Insurance
Palestine Ijara Company
Company Performance
Financial values in the chart are available after Palestine Islamic Bank Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net interest income
3.76%
Operating profit (EBIT)
9.04%
Net Profit (Loss) for the Period
-68.42%
Total assets
3.49%
Total equity
4.4%
Total Assets Trend
N/A
Net Interest Income Trend
-3.22%

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