Jordan Dubai Islamic Bank

Member Description

In 2007, Dubai Islamic Bank along with its partner Jordan Dubai Capital started discussions with the shareholders of the Industrial Development Bank and the Government of Jordan to acquire a majority stake in Industrial Development Bank and to convert and restructure it into a fully fledged Islamic Commercial Bank. The investor group?s vision revolved around capitalizing on the significant opportunity/demand for Islamic banking products and services in Jordan through Dubai Islamic Bank?s extensive experience in Islamic Banking. The bank has been successfully converted and restructured into a fully fledged Islamic bank now and the name of the bank has been changed to Jordan Dubai Islamic Bank. Together with the name change, the charter documents have also been revised to reflect our new identity as a Sharia compliant and halal institution and with the fresh injection of capital, JDIB today is one of the best capitalized banks in the Jordanian financial services sector.

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