PIB and PDIC discuss means for promoting cooperation

Dr. Imad Al-Sadi, General Manager of Palestine Islamic Bank, met with a delegation from the Palestinian Deposit Insurance Corporation (PDIC), headed by Mr. Loay Hawash, the Corporation’s General Manager, at the Bank’s headquarters in Ramallah.

The meeting discussed means for promoting joint cooperation. On behalf of PIB, the meeting was attended by Rami Taha and Assem Al-Masri, PIB’s Assistant General Managers, and Ragheb Hamdan, the Risk Management Department’s Manager. PDIC was represented by Rami Abu Al-Saoud, Manager of the Risks and Insurance Department, Alaa Abu Khazna, Manager of the Information Technology Department, and Ikhlas Hassouneh, Manager of the Public Relations Department.

Al-Sadi noted that the Bank takes pride in its constant cooperation with PDIC in terms of serving the customers’ interests. He expressed his appreciation of the role assumed by the Corporation in contributing to increasing the public’s trust in the banking sector in general. PDIC also encourages citizens resorting to banking establishments, provides insurance to depositors funds with banks, promotes financial inclusion in Palestine, and preserves the banking sector’s stability and safety.

Al-Sadi also stressed upon the importance of the cooperation between PIB and PDIC, namely in terms of insuring deposits, thus fostering a risk management culture and raising the public’s awareness on the deposits insurance system in Palestine.

Hawash underlined the importance of promoting the relationship between the Corporation and the banking sector. He also highlighted the necessity of fostering cooperation within all relevant fields to support and develop banking and financial businesses, thus contributing to the stability of the Palestinian banking sector and fostering public trust. He noted that this step forms a main task for the Corporation, being an active member of the Palestinian Financial Security Network.

Hawash also stressed upon the importance of joint work during the coming period, whereby the Corporation will launch the 2023 awareness campaign in cooperation with the Palestinian banking sector.

It is worthy to note that the meeting also discussed major banking advancements, PDIC’s vision, and prospective projects.

PIB’s mission and vision focus on providing quality and modern Sharia-compliant banking solutions and investing in technology. PIB also has a digital transformation strategy, which led to the launch of pioneering digital services such as the 24-hour digital call center, Islami Online and Islami Mobile services. Such products and services provide a unique package of easy and safe banking services which enhance the digital experience for individual and corporate customers. The bank was recently awarded the 2022 “Best bank for providing Islamic banking services and products in Palestine” award by The Arab Bankers Association and “The Banking Executive” magazine.