His Excellency the Governor of Palestine Monetary Authority, Mr. Azzam Shawwa, inaugurated an office of Palestine Islamic Bank in Dar Salah village in Bethlehem governorate, in the presence of the Chairman of the Board of Directors of Palestine Islamic Bank, His Excellency Mr. Maher Al-Masri, Chairman of the Council of the Village of Dar Salah, Mr. Mohammed Mubarak, and the President of the Bethlehem Chamber of Commerce and Industry, Dr. Samir Hazboon, the Director General of Palestine Islamic Bank Mr. Bayan Qassem, member of the Shariah Supervisory Authority Dr. Hussam al-Din Afana, representatives of Bethlehem governorate and security agencies.
During his speech at the opening ceremony, Mr. Shawwa expressed his pleasure at the opening of a banking office in the village of Dar Salah in Bethlehem governorate, and this office was one of a series of offices that Palestine Islamic Bank has recently started to open.
Mr. Shawwa said that the policy of banking branching was in line with the strategy of Palestine Monetary Authority in the delivery of banking services to all Palestinian areas, and the banking system in Palestine has had qualitative initiatives in branching out in Jerusalem, the capital of beloved Palestine, and in marginalized areas including some refugee camps, as well as branches outside Palestine, including Jordan, Chile, Dubai and Bahrain.
Mr. Shawwa added that Palestine Islamic Bank was one of the active banks that we are proud of and has its contributions to Islamic banking, as well as a distinctive role in social responsibility.
Mr. Shawwa pointed out that the net assets of Islamic banks amounted to more than $2.5 billion of the total assets of all banks operating in Palestine, which amounted to more than $16 billion, and the deposits of customers in Islamic banks amounted to $2 billion of the total customer deposits of $12.4 billion, and the total direct facilities for Islamic banks was approximately $1.6 billion, as of the end of May 2019.