Palestinian Islamic Bank Achieves Growth in Financial Indicators for the Year 2025

SadaNews - The Palestinian Islamic Bank has achieved growth in its financial indicators for the year 2025, confirming the strength of its financial position and stability, aligning with its plans and directions for the upcoming phase.

According to the financial data disclosed by the bank, total assets increased by 11.49%, reaching $1,783,289,928, up from $1,599,565,498 in 2024, while customer deposits amounted to $1,490,945,394 compared to $1,337,601,876 in 2024, with a growth rate of 11.46%.

The bank's financial results also indicated an increase in equity by 10.35%, amounting to $163,402,459, and the net profit after tax was $4,083,628, reflecting a growth rate of 304.69% compared to 2024. The bank also strengthened its financial solvency by raising its capital by six million dollars.

Commenting on these results, the General Director of the Palestinian Islamic Bank, Dr. Imad Al-Saadi, stated that they demonstrated the bank's strong financial position and stability despite difficult political and economic circumstances, and align with the bank’s objectives for the coming phase, affirming that this is due to sound planning by the bank's Board of Directors and its committees, adherence to optimal governance standards, risk management, and institutional excellence, along with the efficient implementation of those plans by the executive management and all organizational units of the bank, under the supervision of the Sharia Supervisory Board, which ensures that all of the bank's operations comply with Islamic law provisions and principles.

Al-Saadi added, "These results were achieved amidst difficult conditions and escalating challenges, including the collapse of the economic cycle in the Gaza Strip, difficulties in mobility, and closures in the West Bank, as well as the irregular salaries of public sector employees due to the ongoing financial crisis of the government. We continued our policies to hedge against potential losses and accounted for provisions that aligned with these challenges. We also continued to provide our services to our clients in the Gaza Strip through our branches in Gaza and Deir al-Balah, thanks to our distinguished colleagues who make every possible effort to serve our clients according to the available circumstances and capabilities."

Al-Saadi explained that this growth in financial indicators also coincided with the launch of numerous services and products aimed at meeting customer needs and expectations for advanced Islamic banking services, enhancing local and international partnerships in this area, in addition to the continued development of our digital channels, especially the Islamic Mobile App, which has become a digital platform allowing customers to enjoy our banking services quickly and easily at any time.

He added, "As part of our digital transformation efforts, we launched new cards and advanced electronic payment solutions, and continued to re-engineer our internal operations, launching dozens of advanced systems while enhancing the security measures and procedures in place for cybersecurity. As a result of these achievements, we ranked second in the banking sector in terms of digital transformation and electronic services according to the assessment of the Palestinian Monetary Authority in this field."

Al-Saadi pointed out that the bank launched its first sustainability report in 2025, reflecting its commitment to implementing sustainability standards (ESG), emphasizing that this report is a pivotal step in the corporate development journey and a fundamental pillar for achieving balanced and sustainable growth.

He also clarified that this growth in financial indicators occurred alongside the bank's enhanced contributions to sustainable social responsibility, particularly in the fields of health, education, and relief. The latest initiative was the establishment of a school in the Gaza Strip in partnership with the Ministry of Education and Higher Education, as well as an agreement to cover the educational costs of 200 students in the Gaza Strip in partnership with the SOS Children’s Village in Palestine, alongside ongoing support for numerous schools and educational institutions in Jerusalem and other provinces across the homeland, and providing relief assistance to displaced persons in the Gaza Strip and northern West Bank provinces.

Al-Saadi added, "We now look forward to the current year 2026 as a year for continued achievement, especially in the fields of digital transformation, sustainability, enhancing external partnerships, and investing in human capital, as these combined aspects are essential for maintaining the bank, developing its services, and enhancing its presence in the Palestinian banking sector."

The vision and mission of the Palestinian Islamic Bank center around excellence in providing modern and secure banking and investment solutions in accordance with Islamic law, with the bank having a well-studied strategy for advancing the digital transformation process backed by a cybersecurity strategy that ensures the protection of all customer data, resulting in the launch of leading digital services.