Palestine Islamic Bank Achieves 2025 Financial Indicators Growth
Dr. Al Sadi: Results confirm strength and stability of PIB’s financial position in line with plans and future vision
Palestine Islamic Bank (PIB) has recorded growth in its financial indicators for 2025, confirming the robustness and stability of its financial position in line with its plans and future vision.
According to financial statements disclosed by the Bank, total assets increased by 11.49%, reaching USD 1,783,289,928, up from USD 1,599,565,498 in 2024. Customer deposits amounted to USD 1,490,945,394, compared with USD 1,337,601,876 in 2024, reflecting a growth rate of 11.46%.
PIB’s financial results also showed a 10.35% increase in shareholder equity, which reached USD 163,402,459, while net profit after tax amounted to USD 4,083,628, representing a growth rate of 304.69% compared with 2024. The Bank also boosted its financial solvency by increasing its capital by USD 6 million.
Commenting on these results, Dr. Imad Al-Sadi, General Manager of PIB, said that the figures showcase the robustness and stability of the Bank’s financial position despite the difficult political and economic conditions. He stressed that these results would not have been possible without the sound planning by PIB's Board of Directors and its committees, adherence to best practices in good governance, risk management, and institutional excellence, as well as the efficient implementation of these plans by the executive management and all organizational units of the Bank, under the supervision of the Sharia Supervisory Board, which ensures that all of the Bank’s operations are Sharia-compliant.
Al-Sadi added: “These results were achieved under difficult conditions and growing challenges, including the collapse of the economic cycle in the Gaza Strip, movement restrictions and closures in the West Bank, and the irregular payment of public sector salaries due to the government’s continuing financial crisis. In response, we continued our prudent policies against potential losses and prepared provisions proportionate to these challenges. We also continued serving our customers in the Gaza Strip through our Gaza and Deir Al-Balah branches, thanks to our outstanding colleagues who are making every possible effort to serve our customers within the available circumstances and resources.”
Al-Sadi explained that this growth in financial indicators also came alongside the launch of many services and products aimed at meeting customers’ needs and expectations for advanced Islamic banking services. "We have also strengthened local and international partnerships in this field, in addition to the continued development of PIB's digital channels—especially the Islami Mobile app, a digital platform allowing customers to enjoy our services quickly, easily, and around the clock" Al-Sadi further explained.
He added: “As part of our digital transformation efforts, we have launched new cards and advanced electronic payment solutions, and we continue re-engineering our internal processes. Dozens of advanced systems were introduced, alongside strengthened cybersecurity measures and procedures. As a result of these achievements, we ranked second in the banking sector in the area of digital transformation and electronic services, according to the Palestine Monetary Authority’s assessment of the field.”
Al-Sadi noted that during 2025, PIB issued its first Sustainability Report as part of its commitment to applying ESG standards, emphasizing that this report represents a milestone in its institutional development journey and a key pillar for achieving balanced and sustainable growth.
PIB’ General Manager also explained that this growth happened in parallel with the Bank’s increased contributions in the field of sustainable corporate social responsibility, particularly in the sectors of health, education, and relief. Most recently, these contributions included the establishment of a school in the Gaza Strip in partnership with the Ministry of Education and Higher Education, and an agreement to cover the educational costs of 200 students in Gaza in partnership with SOS Children’s Villages Palestine, while continuing to support many schools and educational institutions in Jerusalem and other governorates across the country. The bank also continues to provide relief assistance to displaced persons in the Gaza Strip and the northern West Bank governorates.
He added: “We now consider 2026 a year for us to pursue further achievements, especially in the areas of digital transformation, sustainability, strengthening external partnerships, and investing in human capital, as these areas are necessary and essential for safeguarding the Bank, developing its services, and enhancing its position in the Palestinian banking sector.”
The mission and vision of Palestine Islamic Bank revolve around excellence in providing modern and secure banking and investment solutions in accordance with the principles of Islamic Sharia. The Bank also follows a well-considered strategy to advance digital transformation, supported by a cybersecurity strategy that ensures the protection of all customer data and has resulted in the launch of pioneering digital services.