JIB supports the declaration ceremony of Takaful marriage fund project of Circassian Association

The establishment of this fund comes by an initiative of Circassian Charity Association to support and take care of young people who are about to get married by granting them good loans( AlQard AlHassan) to spread chastity and fortify community to support the construction of new families and benefit citizens with goodness and greatness.

For his part, Mr. Musa Shihadeh, Vice Chairman , General Manager of Jordan Islamic Bank said the Bank's support for this project is an embodiment of assuming its social responsibilities and supporting all efforts which contribute to protect society and reflect the Bank's mission in raising and developing community.

We also appreciate the role of Circassian Charity Association in its good initiative and we are pleased of the Bank's participation in the fund declaration ceremony. The Bank has a pioneering experience in establishing AlQard AlHassan fund which receives deposits in " AlQard AlHassan account" from people who want to lend them through the bank as good loans and its balance reached at the end of 2012 about JD 832 thousand. We wish the Circassian Association every success in this valuable step which would support the Youth who are about to get married to benefit from the advantages the fund will grant. We are ready to provide all kinds of supports that would bring success to this initiative and we hope that other institutions would support and encourage it.

It is worth mentioning that JIB provides Good loans (AlQard AlHassan) for justified social purposes such as education, medication and marriage. The number of good loans provided by the Bank from the fund and money allocated for this purpose reached  about JD 20.4 million during 2012 and benefited about 22 thousand citizens. The bank has been providing these loans for citizens since its establishment, where the total amount of loans since its establishment till the end of 2012 reached about JD 175 million benefited about 315 thousand citizens including loans granted for youth about to get married in cooperation with Alafaf Charity Association. The total number of these loans in 2012 reached about JD 241 thousand benefited 337 young people in addition to loans provided for teachers through the agreement with teachers' association which was signed in 2012 whose total is about JD 184 thousand distributed to 253 beneficiaries. The Bank also has provided the support for AlQard AlHassan fund of Agronomist association.

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