JLGC joined Trade Financing for SMEs meeting in cooperation with IIABank

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05/05/2015

Jordan Loan Guarantee Corporation participated in the meeting held at the premises of Amman Chamber of Commerce to discuss Trade Finance for SMEs program, which was organized by the Islamic International Arab Bank on the 4th May,2015.  The bank presented a variety of financial products to facilitate Islamic financing to the trade sector, particularly small and medium-sized establishments.

Mr. Iyad Asali, IIABank General Manager praised the important role of Jordan loan Guarantee Corporation through the vital partnership between the bank and the company by signing “Kafala” agreement based on the provisions of Islamic Sharia.

H.E.Dr. Mohammed el Ja’fari outlined the role that Jordan loan Guarantee Corporation plays among partner banks to support SMEs. He urged the banks to better utilize JLGC products and services, he also urged traders and business owners to visit JLGC offices for more explanation about the guarantees they need to establish, develop or expand their projects.

Dr. Al Ja’fari also explained different aspects of the Export Credit Guarantee program run by the company, as a contribution to develop national economy in Jordan. The company encourages Jordanian exporters by offering various facilities and services to protect external exports and urge the exporters to expand in other new global markets, by inquiring about the importers and other countries in coordination with COFACE in France, which considered to be the third largest reinsurer in the world next to other major reinsurers.

The meeting gathered a number of traders and members of chamber of commerce, representing many economic sectors like trade, agriculture, services, engineering, constructions and information technology.

The meeting was also attended by H.E.Dr. Maher AL Shiekh Hassan, CBJ deputy governor/chairman of JLGC, and Mr. Issa Murad; Chairman Chamber Amman of Commerce and H.E. Faris Sharaf , IIABank chairman and Mr. Iyad Assali , the General Manager of the bank.