Arab Islamic Bank PLC 2024 AR2
The report details the financial and operational performance of Arab Islamic Bank for the fiscal year 2024, highlighting its resilience amidst exceptional regional challenges. Despite a significant net profit decline to $1.12 million due to conservative provisioning for the war's impact, the bank maintained a strong asset base of $1.71 billion and expanded its digital banking services, including the launch of the Soft POS application and the Iburaq platform. The bank demonstrated its commitment to social responsibility by contributing over $410,000 to sustainability, education, healthcare, and emergency relief initiatives, particularly supporting orphans in Gaza. Additionally, the bank advanced its human resources development, increasing its workforce to 722 employees with 35% female representation.
Company: Arab Islamic Bank PLC
Sector: Financials
Country: Palestine
Year: 2024
Type: AR2
Pages: 96
Arab Islamic Bank PLC
Annual Report
The report details the financial and operational performance of Arab Islamic Bank for the fiscal year 2024, highlighting its resilience amidst exceptional regional challenges. Despite a significant net profit decline to $1.12 million due to conservative provisioning for the war's impact, the bank maintained a strong asset base of $1.71 billion and expanded its digital banking services, including the launch of the Soft POS application and the Iburaq platform. The bank demonstrated its commitment to social responsibility by contributing over $410,000 to sustainability, education, healthcare, and emergency relief initiatives, particularly supporting orphans in Gaza. Additionally, the bank advanced its human resources development, increasing its workforce to 722 employees with 35% female representation.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees