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Palestine Islamic Bank and Al-Zaytouna Islamic Finance Company sign a cooperation agreement

Palestine Islamic Bank and Al-Zaytouna Islamic Finance Company sign a cooperation agreement


Ramallah – Ma’an – The Palestine Islamic Bank and Al-Zaytouna Islamic Finance Company signed a settlement bank agreement, according to which the bank will settle Al-Zaytouna Company’s accounts in the national bill display and payment system E-SADAD.

The agreement was signed at the headquarters of the General Administration of the Palestine Islamic Bank in the city of Ramallah, in the presence of the Bank’s General Manager, Dr. Imad Al-Saadi, and the General Manager of Al-Zaytouna Islamic Finance Company, Jamal Awda.

Al-Saadi said that this agreement is part of the ongoing cooperation between the two parties in several fields, and that it also contributes to enhancing the public’s orientation towards electronic payment solutions by allowing Al-Zaytouna Company’s customers to pay their installments quickly, easily and around the clock through banking applications via the E-SADAD platform.

Al-Saadi added: ‘There is a close relationship between the bank and Al-Zaytouna Company since its establishment, and this
is not the first agreement between us, and we are keen to strengthen the partnership and cooperation with Islamic financial and banking institutions in Palestine due to its importance in developing the Islamic financial industry.’

For his part, Awda said that this agreement comes within the framework of the partnership with the Palestine Islamic Bank and aims to enable the company’s clients to pay their installments electronically through the national bill display and payment system E-SADAD, and it enhances the spirit of cooperation and integration between Islamic financial institutions and the benefit between them.

The signing of the agreement was attended by the Assistant General Manager of the Palestine Islamic Bank for Branches, Zayed Shaqir, the Director of the Marketing and Public Relations Department, Ibrahim Salman, the Director of the Finance Department, Mahmoud Aql, and the Director of the Electronic Services Department, Saleh Al-Saadi. On behalf of Al-Zaytouna Company, the Director of Finance, Mu
stafa Abu Al-Teen, the Director of Support Affairs, Fadi Sharif, and the Digital Media Officer, Hiba Awry, participated.

The mission of Al-Zaytouna Foundation is to provide advanced financing programs that are fully compatible with the provisions of Sharia, meeting all the needs of small and micro-enterprises, entrepreneurs, women and youth, to enable them to achieve their projects and ambitions, provide them with job opportunities and lift them out of the distress of poverty and destitution.

Palestine Islamic Bank seeks to enhance partnership with Islamic financial and banking institutions at the local and international levels. Its mission and vision 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 digital services that provide a distinctive package of banking services through an easy and se
cure environment that enhances the digital experience for individual and corporate customers.

Source: Maan News Agency