Palestine Islamic Bank
BankingWest Bank, Palestine201-500 Employees
Palestine Islamic Bank (PIB) operates in the banking industry in Palestine’s West Bank, and runs a network of 45 branches and offices across the country, with a focus on sharia-compliant financing and investment. Founded in 1995, PIB had authorized capital of 100 million shares at a nominal USD 1 per share, and by 2019 its paid-in capital had reached USD 80 million. The bank positions itself as the leading Islamic financial institution in Palestine and maintains the largest Islamic banking services network in the country, serving both retail and corporate customers with sharia-compliant products. PIB has received multiple regional and international awards for innovation and Islamic banking, including the 2018 honors such as The Most Innovative Islamic Bank in Palestine (IFM), Excellence in Islamic Banking Services (World Union of Arab Bankers), and The Best Islamic Bank in Palestine (EMEA Finance), as well as the 2019 Most Innovative Digital Bank in Palestine (IFM). It pursues partnerships to support financing growth, such as with the SANAD Fund for MSME in 2022, a DMCC Food Trade Group partnership in 2024, and a corporate collaboration with Crypto.com reported in 2025.
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