Palestine Islamic Bank holds a workshop on governance

Ramallah – Ma’an – The Palestine Islamic Bank held a workshop on governance, its concepts and legal regulation in Palestine, with the participation of members of the bank’s board of directors, the head of the Sharia Supervisory Board, the general manager, the executive management and department managers, in partnership with Itqan Consulting Services Company.

The workshop was presented by a specialized team from Itqan Company, during which they discussed the origins of governance, its importance, and its principles in effect in Palestine, in addition to risk management and Sharia governance.

Dr. Suhail Sultan, Chairman of the Governance Committee of the Board of Directors of the Palestine Islamic Bank, said that enhancing the concepts of governance among all administrative levels within companies is an important and essential factor to ensure its implementation and adherence to its various standards and principles.

Sultan added: ‘The bank is committed to the governance systems and rules in force in Palestin
e, and has worked over the past years to develop a guide for best governance practices that constitutes a reference for the foundations and standards that must be followed to implement good governance.’

In turn, the General Manager of the Palestine Islamic Bank, Dr. Imad Al-Saadi, said that this workshop and the important topics it addressed aim to keep pace with all the standards and developments related to the concepts and principles of governance that the Board of Directors has established in various aspects of work and to enhance internal awareness of them; confirming the commitment to integrity, transparency and good governance.

Al-Saadi added: ‘We at the bank are keen to comply with all the standards and rules approved in the field of governance locally and internationally, based on our belief that they contribute significantly to the stability and strength of the bank, avoiding any potential risks and enhancing the confidence of customers and investors. Governance is also a basic necessity to achieve
quality and excellence in performance.’

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 such as the Digital Call Center, Islamic Online and Islamic Mobile services, which provide a distinctive package of banking services through an easy and secure environment that enhances the digital experience for individual and corporate customers. The bank is considered the largest Islamic banking network in Palestine, including 43 branches and offices and 100 ATMs.

Source: Maan News Agency