Established in 1995, Palestine Islamic Bank (PIB) is Palestine’s leading Islamic bank with the largest Islamic banking network in Palestine. With 45 branches and offices and more than 80 ATMs throughout Palestine, PIB offers a wide range of banking, commercial and financial services, which are Sharia compliant.
PIB’s experienced and knowledgeable teams offer effective and modern Sharia banking to meet the financial needs of all segments of the community; to further social development and inclusion PIB believes that all sectors of the community should be financial empowered and have the means and ability to control their finances. PIB contributes to the sustainable development of the community both socially and economically by implementing sustainable projects with a positive and permanent impact.
PIB’s excellent services and products have been recognized internationally and have won many awards including “Best Islamic bank in Palestine” in 2019 by EMEA Finance Magazine and “Most Innovative Digital Bank in Palestine” in 2019 by International Finance Magazine.
Palestine Islamic Bank began its banking activities in early 1997 with an authorized capital of 100 million shares, with a nominal value of USD $1 per share. In 2017, the paid capital was increased to USD $69 million and in 2018 increased again to USD $74 million, rising to USD $ 77 million in 2019, and to USD $ 80 million in 2020. The last increase was in 2021 with the paid capital reaching USD $85 million.