Deputy Governor of Palestine Monetary Authority Inaugurates Palestine Islamic Bank Office in Halhoul
Under the auspices of His Excellency the Governor of Palestine Monetary Authority Mr. Azzam Shawwa, the Deputy Governor of Palestine Monetary Authority Dr. Riyad Abu Shehadah inaugurated an office of Palestine Islamic Bank in Halhoul in Hebron governorate, in the presence of Mr. Rafik Dodeen, Assistant Governor of Hebron Governorate, Mr. Hijazi Morib, Mayor of Halhoul, and Mr. Nour al-Deen Jaradat President of the Chamber of Commerce, Industry and Agriculture of north Hebron, Director General of Palestine Islamic Bank Mr. Bayan Qassim, and member of the Shariah Supervisory Authority Dr. Hussam al-Deen Afana.
The Deputy Governor of Palestine Monetary Authority expressed his pleasure at the opening of a banking office in Halhoul, Hebron governorate, pointing out that the opening of this office in Halhoul within a series of offices of Palestine Islamic Bank started a while ago in various provinces of the country, reflects the activity, development and rapid spread of Palestine Islamic Bank.
The Deputy Governor stressed the harmony of the banking branching policy with the strategy of Palestine Monetary Authority in delivering banking services to all Palestinian areas, referring to the efforts of the banking system in Palestine in this context through its qualitative initiatives in the branching in Jerusalem, and in the marginalized areas, including some refugee camps, as well as branches outside Palestine, including Jordan, Chile, Dubai and Bahrain.
The Deputy Governor of Palestine Monetary Authority added that Palestine Islamic Bank was one of the leading banks in Islamic banking in Palestine, through its contributions to the development of Islamic banking and its role in social responsibility
Dr. Riyad Abu Shehadah pointed out that the net assets of Islamic banks amounted to more than USD 2.5 billion of the total assets of all banks operating in Palestine, which amounted to more than USD 16 billion, and the deposits of clients in Islamic banks amounted to more than USD 2 billion of the total deposits of customers USD 12.5 billion, and total direct facilities for Islamic banks approximately USD 1.6 billion of total direct facilities of more than USD 8.9 billion, as of the end of June 2019, while customer deposits in total banks in Hebron amounted to more than USD 1.1 billion USD 293.8 million deposits to clients in Islamic banks.