Between 2014 and 2017, Jordan has made significant progress in terms of financial inclusion. According to the World Bank’s 2017 Global Findex Database report, 42.5 percent of adults in Jordan now have a bank account, a remarkable increase from the 24.6 percent seen in 2014.
Raising this percentage even further is one of the key pillars of Jordan Islamic Bank’s (JIB) future growth plan, according to Musa Shihadeh, CEO and General Manager of JIB. Improving financial inclusion has been a goal of JIB’s for several years now, which it has worked towards by participating in events, hosting workshops and making its services easier to access. Now, the bank is specifically targeting young people, women and SMEs to improve financial inclusion among these demographics.