JLGC signed cooperation agreements with Islamic International Arab bank to Launch “ Industrial Finance & services” and “ Finance Lease” guarantee programs ” Kafala

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24/11/2014

JLGC signed two cooperation agreements with the Islamic International Arab Bank (IIABANK) to launch “Industrial Finance & services” and “Finance Lease guarantees” programs, as an extension for Kafala programs that are compatible with Islamic shari'a and developed in joint efforts between the company and the bank.

The agreements were signed during the opening ceremony of “SMEs Financing and Loan Guarantees” conference in the 24th November, 2014 by H.E.Dr. Mohammed al-Ja'fari Director-General of the Jordan Loan Guarantee Corporation and Mr. Iyad Asali Director-General of the Islamic International Arab Bank. The signing ceremony was attended by the chairmen of the company & the bank, H.E.Dr. Maher "Shiekh Hasan" & H.E. Sharif  Faris Sharaf with a crowd of executives directors of the local and regional institutions participating in the conference.

Dr. Ja'fari stressed that the existing partnership between JLGC & IIABANK has been rooted since the first cooperation, and the bank became of the most important beneficiaries of the company's programs for financing and guaranteeing small and medium sized enterprises spread all over the Kingdom .

On this occasion, Mr. Iyad Asali delighted to launch the two programs in conjunction with the company celebration of its 20th anniversary; he explained that the purpose of the programs is to reinforce economic development by targeting the projects with an added value in various industrial, tourists and services sectors in Jordan.