Palestine Islamic Bank Named as Best Islamic Bank and Best Digital Bank in Palestine for 2021

The International Business Magazine (INTLBM) awarded the Palestine Islamic Bank (PIB) both “The Best Islamic Bank Award” and “The Best Digital Bank Award” in Palestine for the year 2021.

The Bank received these awards following an evaluation process by the Magazine’s financial and banking professional editors, based on best performance measurement criteria.

Imad al-Sadi, PIB’s General Manager, stated the Bank is proud to be nominated for many awards each year by well-known financial and banking institutions and magazines worldwide. He added that receiving “The Best Islamic Bank Award” and “The Best Digital Bank Award” comes as a result of the Bank’s wise vision and strategic planning that are based on the Board of Directors’ governance and institutionalized foundations, as well as the efficient implementation of those plans by the executive management. He extended thanks to the PIB’s staff at all levels for their tireless efforts and teamwork.

“Despite the challenges posed by the Corona pandemic, PIB managed to handle them efficiently and professionally,” al-Sadi added. “PIB preserved investors’ interests and provided clients with distinguished services, thanks to following best standards of good governance and risk management, as well as increasing investment in digital techniques.”

Al-Sadi declared that the outstanding performance of the Bank was reflected on its financial statement for the first half of the current year, marking a 77% increase in profits and a remarkable growth in PIB’s overall financial indicators.

Al-Sadi pointed out that PIB’s outstanding financial performance coincides with its accomplishments in its digital transformation plan, which enables customers to enjoy easy and swift banking services at all times. “We have signed several agreements in this regard, enhanced our electronic services, and completed a major part of the new banking system, which will provide advanced services to customers and shareholders through a flexible and advanced digital system,” Al-Sadi added.

Al-Sadi stressed that these achievements are accompanied by an increase in the Bank’s social responsibility contributions according to an elaborate plan to achieve the global sustainable development goals. In this regard, PIB has supported dozens of entities since the beginning of the year, especially in the health and education sectors, which are essentials for the development process.

It is worth noting that the specialized global “International Business Magazine” grants annual awards to outstanding institutions and companies in the financial and banking sectors, after examining their work and accomplishments by their professional editors.

The mission and vision of PIB revolve around providing comprehensive high quality and modern banking solutions, following the provisions of the Islamic Sharia laws, and investment within an advanced technological perspective. It also sets a deliberate strategy to proceed with the digital transformation process, which resulted in launching pioneering digital services such as the 24-hour digital contact center, Islami Online, and Islami Mobile, which offer a distinctive package of banking services through an easy and secure environment that enhances the digital experience for its individual and corporate customers.