Jordan Islamic Bank (JIB) Q3 net profit of $39.92 million was up from $29.62 million in Q3 2011. Musa Abdelaziz Shihadeh, Vice Chairman, General Manager of JIB said the bank’s assets with accounts managed added to (restricted investment accounts, Muqarada bonds and investment by proxy accounts) reached about $4.68 billion as of end-September compared to $4.43 billion at end-2011, an increase of 5.4 per cent.
Facilities granted for customers reached about $3.29 billion, up 31 per cent since end-December 2011. Jordan Islamic Bank’s capital adequacy ratio (CAR) reached 17.95 per cent , the rate of return on average equity (ROAE) after tax reached 17.7 per cent………………………………………..Full Article: Source