DIB unit opens Jordan branch

Dubai Islamic Bank's (DIB) Jordanian subsidiary, Jordan Dubai Islamic Bank (JDIB), has begun operations through its first and main branch in Amman.

The bank will open 10 branches across the kingdom by the end of this year.

The expansion will also be supported by the launch of a number of innovative Islamic financial products, which will be launched over a period of time in line with the bank's overall strategy.

"We are pleased to announce the launch of operations of JDIB, which will provide a full range of Shariah-compliant products and services to clients across the kingdom," said Abdulla Al Hamli, Chief Executive Officer, Dubai Islamic Bank.

"The launch of JDIB further underscores the importance of increasing our international footprint," he said. "As part of our global growth strategy, DIB intends to aggressively identity further expansion opportunities in underserved markets."

Sami Afghan, Chief Executive Officer, Jordan Dubai Islamic Bank, said: "The bank's entry into the Jordanian market heralds a new era of Islamic banking in the kingdom."

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