PIB and Islamic Development Bank Discuss Enhancing Joint Cooperation
Recently, a meeting was held at the headquarters of the General Administration of Palestine Islamic Bank in Ramallah between the General Manager of Palestine Islamic Bank, Dr. Imad Al-Sadi, and the Director of the Economic Empowerment Department at Islamic Development Bank, Dr. Nabil Ghallab, and his accompanying delegation, in which discussions took place regarding the various ways of enhancing cooperation between them in a manner that supports the achievement of economic empowerment and drives development and improvement in Palestine.
During the meeting, Al-Sadi emphasized the importance of the projects implemented by Islamic Development Bank in strengthening the resilience of our people and achieving economic and social development through economic empowerment, contributing to the increase of Palestinian GDP by increasing the number of productive local sectors.
Al-Sadi also stressed the keenness of Palestine Islamic Bank to strengthen its partnership with Islamic Development Bank, especially in projects aiming to achieve sustainable development in Palestine by supporting high developmental impact sectors such as education, health, agriculture, tourism, and small projects.
The two sides discussed the key challenges facing the Palestinian economy today in light of the challenges that arose as a result of the COVID-19 pandemic in the past two years, and efforts that have been and are still being made to address these challenges and revive the different economic sectors.
The meeting was attended by the Head of Funds and Financial Institutions at the Economic Empowerment Department, Mr. Mohamed Mannai, and the Manager of the Economic Empowerment Fund for the Palestinian People at the Economic Empowerment Department, Eng. Nawwaf Atawneh. From the Palestine Islamic Bank, the meeting was attended by the Manager of the Financing Department, Mr. Abdelraouf Alawneh, and the Manager of the Risk Management Department, Mr. Ragheb Hamdan.
The Islamic Development Bank is a multilateral development bank (MDB), with 57 member countries, working to improve the lives of those they serve by promoting social and economic development in Member countries and Muslim communities worldwide.
The mission and vision of PIB revolve around providing comprehensive high quality and modern banking solutions, in accordance with the provisions of the Islamic Sharia laws and investment within an advanced technological perspective. It also sets a deliberate strategy to proceed with the digital transformation process, which resulted in launching pioneering digital services such as the 24-hour digital contact center, Islami Online and Islami Mobile, which offer a distinctive package of banking services through an easy and secure environment that enhances the digital experience for its individual and corporate customers.