IslamicFinance.de

The Board of directors of Jordan Islamic Bank that is represented by Mr. Adnan Ahmad Yousif approved the financial statements of the 1st quarter of the current year. The Bank has achieved net profits after tax that amounted to $14.67m compared to $10.16m during the same period last year. Shareholders' equity at the end of the first quarter of the current year increased by 4.6% to reach about $336.95m. The Bank's assets with the managed accounts added to (restricted investment accounts and Muqarada bonds) amounted to about $4.67bn. Customers' deposits (including managed accounts) at the end of the 1st quarter of the current year reached approximately $4.200bn. Mr. Adnan Ahmed Yousif expressed his satisfaction over the results the Bank.

Adnan Ahmad Yousif, CEO of Al-Baraka Bank, had a meeting with Deputy Prime Minister Ch Parvez Elahi on Tuesday. At the meeting, high appreciation for the steps taken by noted religious scholar Mufti Taqi Usmani for interest free working in the banks was shown.

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