Overview

The Palestine Islamic Bank Public Joint-Stock Company was established in 1995, and the bank started its banking activity in early 1997. Its authorized capital is 100 million shares, with a nominal value of one US dollar per share. Since its establishment, PIB’s paid-in capital has been increased several times, most recently in 2023, where it was increased to 100 million US Dollars from 90 million US Dollars in 2022.

The Bank engages in banking, financial, commercial and investment activities in accordance with the provisions of Islamic Sharia, through 43 branches and offices and 103 ATMs throughout Palestine. This attests to its reputation as the largest Islamic banking network in Palestine and is consistent with its vision to be the leading Palestinian Islamic bank that responds to the needs and requirements of its customers.

The bank constantly seeks to meet the financial needs of all segments of the local community. It spares no effort to achieve its mission with excellence by providing safe and modern banking and investment solutions which are consistent with the provisions of Islamic Sharia. It also works on building sustainable partnerships with different stakeholders and with the community while focusing on developing and attracting highly qualified human resources to provide the best Islamic banking services to customers and innovate products meeting their ambitions to ensure they enjoy a distinctive banking experience.

The bank operates according to a well-studied and systematic plan for digital transformation. It launched a number of digital services and products and electronic payment solutions. As a result of these endeavors, PIB received the “Best Islamic Bank in Palestine” Award for 2024 by the slamic Finance News Magazine "IFN" across several categories.

PIB believes in its role in contributing to sustainable development, by implementing annual projects with a positive and sustainable impact, especially in the health and education sectors. It is also making efforts to protect the environment by adopting a solar energy system in several of its branches and offices. This helps in reducing harmful gas emissions. In parallel with these efforts, PIB was the first Palestinian Islamic bank to join the UN Global Compact, an UN-led initiative to encourage companies from all over the world to adopt sustainable and socially responsible policies.