Palestine Islamic Bank and Middle East Investment Initiative Sign Cooperation Agreement
Palestine Islamic Bank has signed a cooperation agreement with the Middle East Investment Initiative (MEII), owner of the Tamweeli.ps platform, which connects individuals seeking various types of financing, insurance, or banking services with financial institutions, banks, and insurance companies that provide these services.
The agreement was signed by Dr. Imad Al-Sadi, General Manager of PIB, and Joseph Sehwail, General Manager of the Middle East Investment Initiative, at the bank’s headquarters in Ramallah, in the presence of several managers from both parties.
Under this agreement, applicants for financing will be able to submit their requests electronically through the Tamweeli.ps platform to PIB. The bank will then review the applications and provide appropriate financing offers through the platform—without requiring a branch visit.
Dr. Al-Sadi stated that signing this agreement aligns with the bank’s strategy to provide digital solutions and its focus on sustainable financing, particularly targeting the micro, small, and medium enterprise sector. The bank offers a variety of financing solutions tailored to the needs of these enterprises, given their vital role in stimulating economic activity and promoting sustainable development.
He added, “This agreement also falls within the bank’s efforts to enhance financial inclusion by making our banking services accessible through multiple channels and platforms to simplify access for the public. At the same time, we are launching various banking products and services designed to meet the needs of different categories—especially youth, women, and entrepreneurs.”
For his part, Sehwail described the agreement as a significant step toward strengthening cooperation with the banking sector and supporting the goals of Tamweeli.p to facilitate access to all types of financing and financial services for entrepreneurs through a secure and transparent digital experience.
He added that the platform continually seeks to expand its network of partners—including financial institutions, banks, and insurance companies—in order to deliver added value to users. He noted that the partnership with PIB will enhance access to Sharia-compliant banking services.
Sehwail also emphasized the importance of such collaboration in supporting entrepreneurship and promoting financial sustainability, pointing to ongoing efforts to develop new services that meet market needs and keep pace with the digital transformation in the financial sector.
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.