Palestine Islamic Bank

Palestine Islamic Bank was established as a public limited company under the number (563200922) on 16.12.1995 under the Companies Act of 1929, as amended. The Bank has obtained PMA’s a license on 15.05.1997, where the Palestinian Monetary Authority declared for the bank in practicing all banking business in accordance with the provisions of Islamic Sharia. The management of Palestine Islamic Bank Signed agreement with the management of Cairo Amman Bank on May 13, 2005. This agreement included purchasing net assets of Amman Cairo Bank - Islamic Transactions Branch by Palestine Islamic Bank in total three million dollars. At the beginning of 2010 an agreement was signed with the Al-Aqsa Islamic Bank included purchasing Al – Aqsa Bank portfolio.