Housing Bank Group for Trade and Finance has announced the launch of the company, Specialized Islamic Finance, as part of its ongoing expansion and diversification strategy. The company is licensed by the Central Bank of Jordan and operates under the umbrella of the Specialized Leasing Company, an entity under the Housing Bank Group.

The inauguration took place with an official ceremony held at the company’s headquarters on King Abdullah II Street. The event was attended by Chairman of the Board at Housing Bank, Abdel Elah Al-Khatib; Chief Executive Officer, Ammar Al-Safadi; representatives from senior management; as well as executives from both Specialized Leasing Company and Specialized Islamic Finance Company, in addition to several distinguished guests.

Chairman Abdel Elah Al-Khatib affirmed that the establishment of the Specialized Islamic Finance Company represents a major milestone for the Housing Bank Group and a strategic step toward strengthening its position in the Islamic finance sector. He emphasized that this move supports the Group’s vision for sustainable growth and national economic development, while continuing to meet evolving customer needs by diversifying financing solutions, including Sharia-compliant products.

Al-Khatib added that the launch responds to increasing demand for Islamic banking solutions, due to their role in advancing financial inclusion, facilitating financial transactions, enabling investment, and supporting economic activities in alignment with the legal and regulatory framework.

Highlighting the bank’s pioneering role in offering diverse financial solutions across local and regional markets, CEO Ammar Al-Safadi noted that the Group continues to strengthen this leadership by delivering flexible and accessible Islamic financing solutions in innovative formats that align with the bank’s digital transformation strategy. This reinforces its position as a trusted financial partner and enabler of economic growth, ensuring seamless and efficient services for individuals and businesses alike. Al-Safadi further reiterated the bank’s commitment to investing in the growth and reliability of Islamic financing services.

Meanwhile, Ra’ad Abu Rassa, General Manager of the Specialized Leasing Company, stated that the Specialized Islamic Finance Company will offer integrated and innovative Sharia-compliant financial products and services. He noted that the new company will benefit from the institutional capabilities and practical expertise of the Specialized Leasing Company, providing it with a strong operational foundation, high levels of credibility, and the resources required for a distinguished launch, securing a strong market positioning, presence, and competitive share.