Palestine Islamic Bank was founded in 1995 commencing its banking activities in early 1997 with an authorized capital of 100 million shares and a nominal value of USD $1 per share. In 2017 the paid capital was increased to USD $69 million. And in 2018 the paid capital was increased to USD $74 million, rising to USD $ 77 million in 2019, and the last increasing was in 2020 up to USD $80 million.
The Bank conducts its banking, financial, commercial and investment business according to Islamic Sharia, with a network of 45 branches and offices and 81 ATMs throughout Palestine, thus confirming its identity as the largest Islamic banking network in Palestine. The Bank realizes its vision as the leading Palestinian Islamic bank providing the utmost in excellence and quality in Islamic banking services to meet customer needs and requirements.
The Bank offers Islamic banking services and works to develop and attract highly efficient cadres, reinforcing its message of excellence in its target markets by offering effective and modern banking solutions in accordance with Islamic Sharia, to meet the financial needs of all segments of the community as we are dedicated to upholding the principle of participation in earnings.
In the midst of their interest in strengthening the bank's status, the bank’s leaders contribute effectively to the sustainable development of the community socially and economically by implementing sustainable projects with a positive and permanent impact.
The Bank focus its services and programs to individuals by giving them the best return on investment in accordance with the provisions of Islamic Sharia, and as a testament to its efforts PIB have won awards in this area such as the “Best Islamic bank in Palestine” award for the year 2019 by the EMEA Finance Magazine, and the “Most Innovative Digital Bank in Palestine" for the year 2019 by international finance magazine.