PIB Holds a Workshop on Governance
Palestine Islamic Bank (PIB) held a workshop on governance, its concepts and regulation in Palestine with the participation of members of the Bank's Board of Directors, the Chairman of the Sharia Supervisory Board, the General Manager, the Executive Management and Department Managers, in partnership with Itqan Consulting Services Company.
The workshop was presented by a specialized team from Itqan who discussed the emergence of governance, its importance and principles in force in Palestine, in addition to risk management and governance from a Sharia perspective.
The Chairman of the Governance Committee in the Board of Directors of PIB, Dr. Suhail Sultan, said that strengthening the concepts of governance among all administrative levels within companies is a key factor to ensure their application and commitment to their various standards and principles.
Sultan added: "PIB is committed to governance systems and rules in force in Palestine, and has worked over the past years to develop a guide to best practices for governance to be a reference for principles and standards that must be followed to implement good governance."
In turn, PIB General Manager Dr. Imad Al-Sadi, said that this workshop and the important topics it dealt with aim to keep pace with all standards and developments related to the concepts and principles of governance. These are enshrined by the Board of Directors in various aspects of work aiming to improve awareness on the topic internally. Al-Sadi emphasized PIB’s commitment to principles of integrity, transparency and good governance.
Al-Sadi added: "At PIB, we are keen to comply with all standards and rules adopted in the field of governance locally and internationally. This stems from our belief that they contribute significantly to the stability and sustainability of the bank, avoiding any potential risks and enhancing the confidence of the public, customers and investors, as governance is also a necessity to achieve quality and excellence in performance."
PIB’s mission and vision revolves around excellence in providing modern and safe banking and investment solutions in accordance with the provisions of Islamic Sharia. The bank has adopted a clear strategy to proceed with digital transformation, resulting in the launch of pioneering digital services such as the digital call center, Islami Online and Islami Mobile services. These solutions provide a distinguished set of banking services through an easy and secure environment that enhances the digital experience for retail and corporate customers. PIB represents the largest Islamic banking network in Palestine with 43 branches and offices and 100 ATMs.