Palestine Islamic Bank signs agreement with Mastercard to launch co-branded cards
Palestine Islamic Bank (PIB) has recently signed an agreement with Mastercard, a leading technology company in the global payments industry, to introduce different Mastercard credit cards to the bank’s clients. The agreement will enable cardholders to meet their financial needs and enjoy a wide range of services and exclusive privileges that the company offers.
Mr. Bayan Qasem, General Manager, PIB, and Mr. Mohammad Qadadeh, Country Manager, Palestine, Jordan and Iraq at Mastercard, signed the agreement at a ceremony held at the bank’s headquarters in Ramallah. Mr. Eyad Musharbash, Head of Operations and Technology Saudi Arabia, Bahrain, Mastercard and Levant, Imad Sadi PIB’s GM assistant for branches, and senior officials of the bank were present at the ceremony.
Mr. Bayan Qasem, General Manager, Palestine Islamic Bank, said: “We are pleased to collaborate with Mastercard to bring the best card products to our growing customer base. This agreement is a milestone achievement for us and comes as part of our efforts to develop a thriving Islamic banking sector in the country. Palestine Islamic Bank has always been at the forefront of revolutionizing the sector by introducing financial products and solutions while remaining compliant with Islamic Sharia principles.”
“We are aiming to launch our co-branded cards and other services before the end of this year and we will continue to launch initiatives like this to enable our customers to take advantage of Mastercard’s wide range of innovative cashless payments solutions,” Mr. Qasem added.
“Our payment cards are widely-accepted in more than 210 countries across the globe, and the new agreement with Palestine Islamic Bank will further expand the reach of our unique and innovative technology solutions to financial needs of consumers. Our customized cards will not only enable the bank’s customers to make safe and secure transactions but will also allow them to enjoy an all-new payment experience along with a wide range of lifestyle benefits, while strictly adhering to their beliefs and principles," said Mr. Mohammad Qadadeh, Country Manager, Palestine, Jordan and Iraq at Mastercard.