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The specialized Al-Shams Company and Safwa Islamic Bank Signed a financing agreement worth 70 million dinars to implement the solar energy project for the industrial sector

Al-Shams Company, which specializes in renewable energy, signed a financing agreement with Safwa Islamic Bank to implement a project to establish a solar power plant with a total value of 70.5 million dinars, with a capacity of 135 megawatts, using the system of renting on the main grid, to provide the industrial sector with a capacity of 318 gigawatt-hours / year of clean and generated energy. from solar energy.
The agreement was signed by the Chairman of the Board of Directors of the company, Engineer Abdullah Shawabkeh, and the CEO of the bank, Samer Al-Tamimi, in the presence of the President of the Jordan and Amman Chambers of Industry, Eng. Fathi Al-Jaghbir, the General Manager of the Philadelphia Solar Company, several members of the Chamber’s Board of Directors, and representatives of the executive management of the bank and Shams Company.
Shawabkeh said, “the project aims to provide electric power to factories at preferential prices, which enhances the competitiveness of national industries in the domestic and export markets.”
Showing that the Shams Company, specialized in renewable energy, has 84 industrial companies from various sectors, as it was established on the initiative of the Amman Chamber of Industry.
He stressed that the project will save more than 20 million dinars in annual electricity consumption for the industrial sector, and he expects the project implementation period to range from 18 to 24 months.
Al-Tamimi said. “Safwa Islamic Bank will finance according to the Central Bank’s program to support economic sectors, including the energy sector, as he appreciated the role of the Central Bank in this regard and stressed the importance of this to achieve sustainable development in the Kingdom.”
It is noteworthy that the project is expected to be operational in April 2024, as it is considered the largest solar energy project with an on-grid system in the Middle East and North Africa region, and it is the first of its kind in Jordan and the region in terms of its shareholders, which makes it a role model for more projects in the future.

Exceptional financing for members of the security authorities.

In appreciation of the efforts of the protectors of our dear homeland in all security authorities, Safwa Islamic Bank extends the work by offering preferential rates for all financing until 31-3-2023.

Exceptional financing for all teaching cadres (schools and universities).

By the new school year, we have extended the financing offers for all teaching staff at schools and universities at competitive preferential rates until 31-3-2023.

Launching a vehicle financing campaign in cooperation with Hyundai.

In cooperation with Al Wahda Trading Co., “Hyundai”, Safwa Islamic Bank launched a vehicle campaign with the lowest requirements and preferential prices with a Murabaha return starting from 4.25% and for a maximum payment period of up to 7 years.

The ability to make your cash payments by scanning a QR code.

Through Safwa Mobile, you can now carry out your cash purchases through points of sale that provide the feature of paying using a QR code with ease and security, without the need to use any of your bank cards.

Join our family and open your bank account with ease and security.

Now, through Safwa Mobile, you can open your bank account easily and securely anytime anywhere without the need to visit the branch, through simple steps to make you bank account ready for use, to know more about the steps, click here.

Welcome to our new branch with its new construction in Irbid, Al-Hashmi Street.

Safwa Islamic Bank is pleased to welcome customers in Irbid branch, Al-Hashmi Street, with its new construction, providing all banking services in a modern and sophisticated manner.