About Palestine Islamic Bank
Palestine Islamic Bank is a company based in Ramallah (Palestine) founded in 1995 was acquired by National Bank TNB in April 2018. It operates as a Professional Services, and Subscription Services. Palestine Islamic Bank offers products and services including Current Account, Savings Account, World Elite Card, Islamic Mobile App, and Financing Programs.
- Headquarter Ramallah, Palestine
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Palestine Islamic Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
National Bank TNB
(Apr 02, 2018)
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Products & Services of Palestine Islamic Bank
Palestine Islamic Bank offers a comprehensive portfolio of products and services, including Current Account, Savings Account, World Elite Card, Islamic Mobile App, and Financing Programs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Current accounts are provided for daily financial transactions.
Savings accounts are offered for secure money storage.
World Elite Card is issued for premium payments.
Islamic Mobile App is provided for online banking.
Financing programs are offered for various personal needs.
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Funding Insights of Palestine Islamic Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Palestine Islamic Bank
Palestine Islamic Bank has secured backing from 1 investor. Prominent investors backing the company include National Bank TNB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial bank
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Palestine Islamic Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Palestine Islamic Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Palestine Islamic Bank Comparisons
Competitors of Palestine Islamic Bank
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Palestine Islamic Bank
Frequently Asked Questions about Palestine Islamic Bank
When was Palestine Islamic Bank founded?
Palestine Islamic Bank was founded in 1995.
Where is Palestine Islamic Bank located?
Palestine Islamic Bank is headquartered in Ramallah, Palestine.
What does Palestine Islamic Bank do?
Palestine Islamic Bank is involved in offering a range of Islamic banking services to individuals and corporations. Services are provided in sectors such as personal and corporate banking, with solutions including current and savings accounts, payment cards, and financing programs. Digital banking solutions are also offered through platforms like the Islamic Mobile App. Community responsibility initiatives are supported alongside Sharia-compliant financial practices.
What products or services does Palestine Islamic Bank offer?
Palestine Islamic Bank offers Current Account, Savings Account, World Elite Card, Islamic Mobile App, and Financing Programs.
Who are Palestine Islamic Bank's investors?
Palestine Islamic Bank has 1 investor. Key investors include National Bank TNB.