Following earlier announcements, Safwa Islamic Bank and the Iraqi Islamic Bank have officially signed a partnership agreement during a ceremony at Safwa Islamic Bank’s Head Office in Amman on 26th, January 2025. The partnership signing ceremony was attended by key officials, including Dr. Mohammed Abu Hammour, Chairman of Safwa Islamic Bank; Mr. Ahmed Waleed, Chairman of the Iraqi Islamic Bank; Mr. Basem Salfiti, Chairman of Bank al Etihad; Mr. Samer Tamimi, CEO of Safwa Islamic Bank, along with executives from both institutions.
Dr. Abu Hammour highlighted the significance of this agreement, noting that it aims to drive a positive shift in Islamic banking within the two neighboring countries: Jordan and Iraq. This collaboration marks the start of a strategic and commercial partnership in which both banks will share their expertise in banking and finance. The partnership is expected to strengthen their financial positions by leveraging their combined experience to deliver a broad range of banking services and financing solutions to the growing Iraqi market, in alignment with Iraqi Islamic Bank’s 33 years of experience and established credibility.
Highlighting that this partnership introduces the expertise of a leading Islamic banking institution from Jordan to the Iraqi financial sector, Mr. Waleed welcomed Safwa Islamic Bank’s involvement as a shareholder. He emphasized that this partnership reflects the growing confidence in Iraqi banking institutions regionally and noted that the collaboration would promote development, enhance financial investment opportunities, and increase trade exchanges between the two countries.
Meanwhile, Mr. Tamimi accentuated the importance of this strategic partnership, highlighting its potential to expand investment opportunities and deepen ties between the banks. He noted that the agreement sets a clear path toward a prosperous and productive commercial relationship, aiming to achieve positive financial outcomes and further strengthen the financial standing of both institutions.
