Al Janoob Islamic Bank for Investment and Finance, Iraq (JIB) was established on 2nd February 2016 by prominent business entrepreneurs who are dealing with Agriculture, Food, Financial Investments and other Industrial projects. Together we had a passion for creating a Bank which is completely Shari’a compliant thereby offering a wide range of comprehensive financial and banking products and services that cater to the requirements of both the corporate and individual sectors. Al Janoob Islamic Bank for Investment and Finance, Iraq (JIB) was established on 2nd February 2016 by prominent business entrepreneurs who are dealing with Agriculture, Food, Financial Investments and other Industrial projects. Together we had a passion for creating a Bank which is completely Shari’a compliant thereby offering a wide range of comprehensive.
Murabaha
Murabaha is a contract of sale in which the price of the goods that includes an agreed profit margin is specified. Murabaha can be used to finance trading in imported goods or those bought from the
Musharka
Musharaka is a partnership in which Al Janoob Islamic Bank participates in financing new or existing projects and shares the capital and returns. Alternatively, the bank may contribute to the
Small and Medium Enterprises