For 38 years, His Excellency Mr Musa Shihadeh was CEO and General Manager of JIB, one of Jordan’s oldest Islamic banks. But as of May 2019, he has stepped into the function of Chairman of the Board of Directors for the financial institution. He discusses the financial institution’s newest monetary outcomes, its dedication to monetary inclusion and sustainability, and his imaginative and prescient for the long run of the financial institution as a model of utilized Sharia.
World Finance: Mr Shihadeh, discuss me by means of the financial institution’s newest monetary efficiency.
Musa Shihadeh: Our efficiency final yr was good. Profits noticed about 10 % development, and deposits was 7.5 %.
This was as a result of of increasing our technological transactions carried out by means of ATMs, telephone banking, and branching.
This enhanced our enterprise and led to that success.
World Finance: Now JIB has an actual dedication to monetary inclusion and sustainability; why is that this mission so vital to the financial institution, and to you personally?
Musa Shihadeh: We on the financial institution have a mission and technique that we should always serve each group individual. Therefore we stress and focus our enterprise on these transactions; attempt to assist folks to get underneath our umbrella of companies. This will assist to finish poverty and unemployment, maintain the financial system secure and progress.
This stability might be resulted to our success and profit as a financial institution.
World Finance: How does that place JIB within the Jordanian banking sector?
Musa Shihadeh: Jordan’s market has 25 banks. Four of them have Sharia utility techniques. We are the primary in Islamic banks, and the third in all banks in Jordan.
World Finance: As I discussed, though you are actually Chairman of the Board of Directors for the financial institution, you have been CEO and General Manager for 38 years, and noticed some fairly extraordinary modifications in monetary companies throughout that point; what are you most proud of out of your 38 years of management?
Musa Shihadeh: I’m proud of having the financial institution as a outstanding financial institution in Jordan, with good relations with native and worldwide banking techniques. Satisfying each buyer’s wants. And being a model for Islamic banking, making use of Sharia in our merchandise, that enhanced totally different banks to go and apply the Sharia ideas.
World Finance: And what are you wanting ahead to in your new function on the board?
Musa Shihadeh: I’m wanting that this financial institution will proceed as a model for those that wish to apply Sharia, and be sincere, honest, and satisfying the stakeholders.
World Finance: Musa Shihadeh, thanks very a lot.
Musa Shihadeh: Thank you very a lot.