IIAB and the Jordan Loan Guarantee Corporation Sign the “Guarantees for Employment” Program Agreement

The International Arab Islamic Bank (IIAB) signed a cooperation agreement with the Jordan Loan Guarantee Corporation (JLGC) to implement the “Guarantees for Employment” Program, becoming one of the first banks to join this promising initiative.

The agreement was signed on behalf of the bank by its General Manager, Mr. Iyad Al-Asali, and on behalf of the Jordan Loan Guarantee Corporation by its General Manager, Mr. Adnan Naji.

The agreement aims to facilitate access to appropriate Islamic financing for eligible business owners through the IIAB, with guarantees provided by the Jordan Loan Guarantee Corporation and in accordance with the principles of Islamic Sharia.

Under the program, the financed projects are required to contribute to creating new job opportunities in Jordan and reducing unemployment rates. In addition, financial incentives will be provided to participating projects in return for hiring and retaining Jordanian employees, thereby supporting sustainable employment and contributing to the Kingdom’s economic and social development.