Palestine Islamic Bank Receives the Best Islamic Bank in Palestine Award for 2024
Islamic Finance News Magazine "IFN" announced the selection of Palestine Islamic Bank (PIB) as the best Islamic bank in Palestine for 2024 across several categories, namely the most innovative Islamic bank, the best Islamic bank in retail services and the best Islamic investment bank.
The prestigious award was received by Mr. Hatem Erainat, PIB's Assistant General Manager for Banking Operations, a ceremony held in Dubai in the presence of representatives of banks and financial institutions from around the world.
The General Manager of PIB, Dr. Imad Al-Sadi, said that the bank is proud to be nominated yearly for several awards by well-known regional and international institutions and magazines. He noted that obtaining this award comes as an affirmation of the bank’s progress in the right direction towards developing its business and implementing its various plans, especially in the fields of digital transformation, innovation, risk management and committing to the best standards of good governance.
Al-Sadi added: "This milestone was achieved despite the difficult circumstances that Palestine is going through, which have affected all sectors. It crowns the bank’s achievements in 2024 and the launching of new innovative products and services, as well as establishing outstanding partnerships both locally and internationally. These efforts contribute to enhancing the quality of services provided to customers and advancing the Islamic financial industry in Palestine."
Al-Sadi also stressed that this level of excellence would not have been possible without the proper and proactive planning of the Bank's Board of Directors and the efficient implementation of these plans by the entirety of PIB’s staff, under the supervision of the Sharia Supervisory Board, which ensures that all services and products comply with the provisions and principles of Islamic Sharia.
IFN is one of the most prominent international magazines specialized in news relevant to the Islamic banking sector. Its awards are subject to multiple criteria, including direct voting by the magazine's readers belonging to various sectors, including businessmen, experts and specialists in the field of Islamic banking.
PIB is driven by a mission to deliver modern, secure banking and investment solutions that adhere to Islamic Sharia principles. Backed by a robust cybersecurity framework, the bank is advancing a carefully crafted digital transformation strategy—culminating in the rollout of cutting-edge digital services that ensure the highest standards of customer data protection.