JCI, IIAB sign partnership agreement

AMMAN –– Jordan Chamber of Industry (JCI) and the Islamic International Arab Bank (IIAB) on Tuesday signed a memorandum of understanding to boost cooperation between the two organisations.

The agreement, signed by JCI Director Maher Mahrouq and IIAB Chief Business Officer Mohsen Abu Awad, seeks to facilitate Islamic financing to the industrial sector, particularly small and medium-sized establishments.

Abu Awad said the bank is targeting the industrial sector through a variety of financial products that are based on the provisions of Islamic Sharia.