The meeting of the General Assembly of the Al-Amal Islamic Bank for Investment was held on 8/8/2022 in the presence of the Chairman of the Board of Directors, members of the Board, the delegated director, representatives of the Central Bank, the Companies Registration Department and a number of the bank’s shareholders, where the agenda was discussed and appropriate decisions were taken in this regard.

Al Mal Islamic Investment Bank entered into a joint working agreement with Al-Sadiq Group for Automotive Trading, with the aim of granting the car loan facility to all customers. The agreement was signed in the presence of the managing director of the bank, Mrs. Alia Amer Majeed, and the chairman of the board of directors at Al-Sadiq Group, Mr. Ahmed Sadiq Rahim. Where the two sides agreed to grant car loans to all customers and from the most prestigious international facilities in easy installments and simple returns, as well as long-term joint cooperation.

His Excellency the Governor of the Central Bank, Mr. Mustafa Ghaleb Mokhief, visited this morning the Islamic Finance Bank for Investment as part of his series of inspection tours of local banks to see their conditions and ways to improve their business and develop their banking services and products. He was greeted upon his arrival by the managing director of the bank, Mrs. Alia Amer Majid, who welcomed that visit and gave a brief explanation of the bank’s establishment, the nature of its work, the services and products it provides, the financial and administrative restructuring since the new administration assumed its duties, and the stages of work and achievement it made. It included the development and improvement of investment and credit services and products to comply with the customers’ needs and desires, which are the focus of our attention and we put them at the forefront of our priorities. It also included the development and modernization of the infrastructure, the banking system, remittance and payment systems, electronic services, bank cards and ATMs, and expansion and spread through currently working on opening branches New and increasing the number of customers of the bank qualitatively and quantitatively. It indicated that the bank continued its efforts to enhance the quality of the credit portfolio, the effectiveness of credit risk management, and the preservation of the strength of the capital base and financial position. For his part, His Excellency the Governor stressed the importance of upgrading and developing banking services and exploiting the initiatives provided by the Central Bank aimed at providing financing to banks in lending to individuals and projects and meeting their financing needs, and that he is following the development of work and achievement in the bank and its willingness to provide support and assistance to overcome the obstacles it faces in that.

Al Mal Islamic Investment Bank entered into a joint work agreement with Acadia Information Technology Company. The agreement was signed in the presence of the Managing Director of the Money Bank, Mrs. Alia Amer Majeed, and the Managing Director of Acadia, Mr. Uday Hatem Abboud. The agreement included the implementation of the governance of information and communication technology COBIT 2019 and the application of information security according to the ISO 27001 standard and business continuity with the ISO 22301 standard, according to the requirements of the Central Bank, which is one of the pillars of the infrastructure of any institution that seeks to gain the confidence of its customers by adopting work mechanisms according to the highest international standards to reduce risks and data protection.