Overview

Palestine Islamic Bank PLC (PIB) was established in 1995 and commenced banking operations at the beginning of 1997. The bank has an authorized capital of 110 million shares, with a nominal value of one US dollar per share. Since its establishment, the bank has increased its paid-up capital several times, most recently in 2025, when it reached USD 106 million, up from USD 100 million in 2022.

The bank conducts banking, financial, commercial, and investment activities in accordance with the principles of Islamic Sharia, through a network of 43 branches and offices and more than 100 ATMs across Palestine. This confirms its position as the largest Islamic banking network in Palestine, supporting its vision of becoming the leading Palestinian bank in Islamic banking activities and services that meet customers’ needs and expectations.

The bank continuously seeks to meet the financial needs of all categories of the local community. It also mobilizes its capabilities to fulfill its mission of excelling in providing modern, secure banking and investment solutions in compliance with Islamic Sharia, while working to achieve sustainable partnerships with stakeholders and the wider community. At the same time, the bank remains committed to developing and attracting highly qualified human capital in order to provide the best Islamic banking services to customers and to innovate banking products that meet their aspirations and offer them a distinctive banking experience.

The bank also operates according to a well-planned and systematic digital transformation strategy, which has resulted in the launch of numerous digital services, products, and electronic payment solutions. As a result of these efforts and its excellence in Islamic banking in Palestine, the bank was awarded “Best Islamic Bank in Palestine 2025” by Islamic Finance News (IFN) in recognition of its performance across several areas.

The bank believes in its role in contributing to the sustainable development process through the implementation of annual projects with positive and lasting impact, particularly in the health and education sectors. It also undertakes initiatives to protect the environment by operating a number of its premises on solar power, thereby helping reduce harmful gas emissions. In parallel, the bank issued its first Sustainability Report in 2025, in line with the Global Reporting Initiative (GRI) standards, covering the bank’s interventions in the Environmental, Social, and Governance (ESG) fields.