MISC is a financial brokerage company owned by Safwa Islamic Bank. It was established in 2011 to provide stock buying and selling services in the ASE market in accordance with the provisions of Islamic Shari’a laws. Our team also works efficiently to meet the requirements of customers through international practices and adherence to professional ethics.
MISC for Financial Brokerage
Our Vision and Mission
MISC Financial Brokerage Company is an Islamic company that combines Islamic values with modern technologies and creativity which distinguishes it in financial brokerage services. MISC operates on solid foundations and standards to achieve its vision and mission.
Excellence in providing financial intermediation services to all segments of society.
To provide innovative and distinctive financial intermediation services originating from the principles of Islamic Shari’a laws to build a sustainable partnership with clients while increasing their levels of benefit.
We at MISC Financial Brokerage are committed to all aspects of creativity.
We at MISC Financial Brokerage adopt a system of financial services derived from the provisions of Islamic Sharia laws. We take pride in introducing new standards for modern Islamic financial services in Jordan due to these solid foundations.
At MISC Financial Brokerage, we develop products and provide services in accordance with the principles of quality assurance, which are designed to the utmost perfection. We also ensure that our financial solutions package for our products and services are build in full harmony with the requirements of our customers.
The modern concept of Islamic financial services and the success of our clients is a reflection of our commitment to delivering real and added value by providing the best financial services available. We at MISC believe that the interest of our customers is the key to our success.
We at Safwa Islamic Bank have built and designed all our modern products and services based on a deep understanding of the needs and aspirations of our customers to ensure a unique banking experience within the highest international standards.
Shariah Compliant Stocks
At MISC Brokerage, we conduct a Semi-annual analysis of all shares listed on the ASE to ensure that all traded shares are compliant with the Shariah standards and controls prescribed by the Shariah Supervisory Board.
To do this, the following two criteria are used in the classification of shares:
- The company’s activity standard and purpose
- Standard of financial analysis ratios prescribed by the Shari’a Supervisory Board
- Total usury liabilities (interest borrowed) to total assets should not exceed 35%.
- Total usury assets (interest bearing deposits) to total assets should not exceed 35%.
- Total current assets to total assets should not exceed 70%.
- Interest income to total income should not exceed 7%.
Jabal Amman – Safwa Islamic Bank Building – 1st Floor
P.O. Box 840762 Amman 11181, Jordan
Phone : +962-6-4602195
Financial Broker – Dealer
Licensing an intermediary account for others