Palestine Islamic Bank signs MoU with Dubai Multi Commodities Centre DMCC

Ramallah - Ma'an - The Palestine Islamic Bank signed a memorandum of understanding with the Dubai Multi Commodities Centre (DMCC) to contribute to enhancing Islamic finance in Palestine through innovative financial solutions that are compatible with Islamic Sharia. The Memorandum of Understanding was signed at the Center's headquarters in Dubai in the presence of the General Manager of the Palestine Islamic Bank, Dr. Imad Al-Saadi, Mr. Patrick Gata, representing the Dubai Multi Commodities Center (DMCC), Mr. Bashar Yassin, General Manager of the Association of Banks in Palestine, and Mr. Amjad Nasr, Advisor in Islamic Finance. Al-Saadi said that signing this memorandum of understanding comes within the framework of the bank's efforts to enhance partnerships at the regional and international levels with the aim of advancing the Islamic financial industry in Palestine by activating and launching innovative financial solutions that keep pace with the rapid development in Islamic banking and the financial and i nvestment solutions associated with it worldwide. Al-Saadi added: 'Despite all the difficult circumstances and challenges we are going through in Palestine, we continue to implement the bank's strategic plan with confident steps, as many Islamic digital services and products have recently been launched to enhance the banking experience for our customers. Certainly, these achievements would not have been possible without the directives of the Board of Directors and the strategic plans prepared in advance and their efficient implementation by all administrative ranks in the bank and under the supervision of the Sharia Supervisory Board, which ensures that all the bank's activities comply with the provisions and principles of Islamic Sharia.' For his part, the Director General of the Association of Banks in Palestine, Mr. Bashar Yassin, said that strengthening the partnerships of the Palestinian banking sector at the local and international levels contributes to enhancing its stability and sustaining its growt h and development despite all circumstances and challenges, stressing that the Palestine Islamic Bank has achieved many accomplishments in this regard through distinguished partnerships that contribute to the advancement of Islamic banking in Palestine and meeting the needs and aspirations of its audience for Islamic banking services and products. The mission and vision of the Palestine Islamic Bank revolve around excellence in providing modern and secure banking and investment solutions in accordance with the provisions of Islamic Sharia. It also sets a well-thought-out strategy to proceed with the digital transformation process, which resulted in the launch of pioneering digital services through an easy and secure environment that enhances the digital experience for individual and corporate customers. The bank is also considered the largest Islamic banking network in Palestine, including 43 branches and offices and more than 100 ATMs. Source: Maan News Agency