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Amman, April 2024: Jordan Ahli Bank has recently become a participant of the UN Global Compact, this commitment marks our dedication to global sustainability and social responsibility. The UN Global Compact, the world’s largest initiative of its kind, serves as a powerful platform for corporations worldwide to embrace sustainable practices and collaborate on solutions to pressing global challenges. By becoming part of this initiative, Jordan Ahli Bank pledges to collaborate closely with the United Nations to reinforce its role and activities in sustainable development. This entails integrating the Ten Principles of the UN Global Compact concerning human rights, labor, environment and anti-corruption into the bank’s strategies, policies and operational procedures.  Through concerted efforts, the bank aims to not only fulfill its corporate obligations but also contribute meaningfully to the well-being of communities and the preservation of the environment. “Maintaining equilibrium among economic, social and environmental goals has always guided our actions, motivating our decision to join the UN Global Compact. This represents another step in our journey towards dedicating resources, fostering innovation, developing skills and embedding sustainable practices within our business operations and daily management. We are committed to intensifying our endeavors in the realm of social responsibility, aligning with ethical and environmental principles,” commented Jordan Ahli Bank CEO/General Manager, Dr. Ahmed Al-Hussein.  

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When you’re out shopping, do you ever wonder, should you pay with cash or is it better to pay with an easy payment plan? Let’s talk about why and who should consider using the Easy Payment Program (EPP) instead of paying cash directly. Imagine you’re in your favorite store, eyeing that awesome new phone. You’ve got some cash saved up, but then you notice a sign for the Easy Payment Program. Now you’re stuck wondering: should you stick with your cash or try out the installment plan?People often say that cash is the best way to pay. It feels good to buy something outright and know it’s all yours. But what if I told you there’s a way to get what you want now and pay for it later, without any extra fees?That’s where the Easy Payment Program comes in. It’s like a magic trick that turns your big purchases into smaller, interest-free payments. Instead of paying all at once, you can spread the cost out over time, which can make things easier on your wallet.So, who should think about using this program? Well, imagine you’re a newly married couple trying to furnish your new home. Or maybe you’re a student who needs a new laptop for school but doesn’t have much cash to spare. These are the kinds of situations where the Easy Payment Program can be useful.But even if you do have the cash, why not take advantage of interest-free payments, and keep your cash flow stable? Plus, with the option to spread payments over up to 24 months, you can enjoy your purchase without worrying about breaking the bank.Here’s the best part: the Easy Payment Program isn’t just about ease—it’s about giving you flexibility and peace of mind with your finances. By choosing interest-free installments, you’re making a smart move that fits your lifestyle and needs.So, next time you’re trying to decide between cash and installment plans, consider giving the Easy Payment Program a try. Whether you’re treating yourself to something fun or taking care of important purchases, why pay all at once when you can spread it out with zero interest?In the end, cash might be king, but when it comes to smart shopping, the Easy Payment Program is the real winner. It’s not just another way to pay—it’s a game-changer that lets you enjoy what you love without stressing about your finances. So, go ahead, make your purchases with confidence, and enjoy the benefits of the Easy Payment Program!Learn more about ahli Bank’s Easy Payment Plan (EPP).

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Amman, March 2024:  Jordan Ahli Bank and the German Jordanian University (GJU) have signed a memorandum of understanding (MoU) to establish a framework for collaborative activities in varied fields, aiming to foster innovation and develop skills among university students.   Under the agreement, Jordan Ahli Bank will work closely with GJU to conduct fintech training courses for students through university student clubs. The collaboration also comprises workshops and projects covering scientific studies, research and technology knowledge sharing. It also supports the university’s Innovation Space activities, startups and business ventures, encouraging active student engagement in diverse events to build their capacities and enhance their future professional prospects. Moreover, the partnership will involve Qawn – the Kingdom’s first-of-its-kind social payment app with over 150,000 users. The app will be showcased at events hosted by GJU, introducing students to its features, which facilitate simple, secure and technologically advanced financial transactions. This signifies a vital step toward shaping the future of cashless transactions, particularly given the widespread popularity of the Qawn app among students across various universities. “This partnership marks a significant step forward, aligning fintech academia with entrepreneurs to arm students with the skills and methodologies they need to embrace innovative solutions and address real-world challenges. Together, we are championing a new era of collaboration, preparing future leaders capable of succeeding in a dynamic digital economy,” commented Jordan Ahli Bank CEO, Dr. Ahmad Al Hussein.   In turn, GJU President, Prof. Ala’aldeen Al-Halhouli, stated, “We greatly value endeavors dedicated to supporting the education sector, developing the skills of our students and empowering them in emerging fields, which is the focus of our partnership with Jordan Ahli Bank. We are delighted with this collaboration and invite everyone to participate in upcoming events and utilize the digital platforms and services offered through this cooperation.”   This initiative presents students with a distinct opportunity to acquire valuable knowledge and practical experience in financial services, fintech and other significant domains relevant to their academic and daily lives. It also equips them with important skills to create and innovate in today’s financial landscape, while promoting the adoption of cutting-edge technologies for financial transactions. Jordan Ahli Bank is dedicated to expanding such partnerships to encompass numerous universities across Jordan, underscoring its commitment to advancing educational prospects for youth and shaping a brighter future for the community at large.

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Jordan Ahli Bank is thrilled to announce its participation in the International Finance Corporation’s (IFC), a member of the World Bank Group, “Care Arabia” project to bolster our commitment to gender diversity and inclusivity in the workplace. This collaboration marks a significant step forward in our efforts to create a supportive environment for all employees, particularly working mothers.   As part of this collaboration, Jordan Ahli Bank will be participating in IFC’s “Care Arabia” project, joining as a member of the private sector Regional Peer Learning Platform (PLP). The primary objective of Care Arabia’s PLP is to provide support to companies so they can better support their employees by enhancing safe childcare solutions offered. Through this initiative, we aim to deepen our understanding and capacity to offer a range of safe childcare support services, thereby facilitating the increased representation and retention of women within our organization and ensuring the safeguarding of children.   Dr. Ahmad Al-Hussein, CEO and General Manager of Jordan Ahli Bank, commented, “Our collaboration with the IFC underscores our unwavering commitment to fostering inclusivity in the workplace. Initiatives like ‘Care Arabia’ reaffirm our dedication to enhancing safe childcare solutions and promoting gender diversity within Jordan Ahli Bank.”   By partnering with IFC and participating in initiatives like Care Arabia, Jordan Ahli Bank reaffirms its position as a leader in fostering an inclusive and supportive work environment for all employees, especially working mothers. We remain steadfast in our commitment to advancing gender equality and empowerment in the workplace and beyond.

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Jordan Ahli Bank and Amal Wings Association have announced their support for a solar energy project and handicrafts workshops in Dibbin Forest Reserve. The project is one of the most important development projects managed by the Royal Society for the Conservation of Nature (RSCN) and aims to improve and develop the handicrafts workshop in the reserve. The support provided aims to develop the solar energy system to reach a zero-electricity bill, in addition to providing new equipment that increases work productivity, which will be reflected in the operating costs of the workshop and create job opportunities for women in the local community in the region. The solar energy system will generate 60% of the load for the reserve’s handicrafts workshop, achieving financial savings with a payback period of 24 months. It will also help to reduce carbon dioxide emissions in the environment, and the new equipment will reduce the manual workload on the women in the workshop and increase productivity. Dr. Ahmad Al-Hussein, CEO/General Manager of Jordan Ahli Bank, expressed his pride in cooperating with the Royal Society for the Conservation of Nature and wings of hope society to support the solar energy project and develop the handicrafts workshop in Dibbin Forest Reserve. He stated that this project reflects the bank’s firm commitment to promoting sustainable development by integrating economic, social, and environmental elements. He added that they are confident that this initiative will contribute to promoting job opportunities and improving the standard of living in the region using solar energy. He also stated that supporting sustainable projects is an integral part of their vision to build a better and more sustainable future for the communities they serve. The Director General of the Royal Society for the Conservation of Nature, Mr. Fadi Nasser, said, “We are proud of the cooperation with Jordan Ahli Bank and the Wings of Hope society in supporting the solar energy project and the handicraft workshops in Dibbin Forest Reserve. This cooperation reflects our commitment to promoting sustainable development and creating job opportunities for local communities. Al-Nasr added, “We appreciate the efforts aimed at protecting the environment and promoting its sustainability, and we look forward to more effective partnerships to achieve our environmental and social goals.”

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Jordan Ahli Bank announces the launch of its electronic banking services for corporates via smartphones Ahli Mobile – corporates – for IOS, Android and Huawei devices, which is a pioneering step in facilitating banking operations for our customers in the large, medium, and small corporates sector and providing them with integrated banking solutions with the highest level of security and efficiency. Our corporate clients will be able to access their bank accounts of all types, manage their money, and conduct their banking transactions instantly (real-time transactions) with ease and convenience and with the highest level of security at any time and from anywhere. This achievement in launching Ahli Mobile for corporates comes after the launch of the updated version of the Ahli Online – Companies application in 2022, reflecting Jordan Ahli Bank’s keenness to continue developing its electronic channels, which aim to empower our customers to conduct their banking transactions anytime, anywhere. This will save them the time and effort required to visit any of the bank’s branches, in addition to eliminating the need for paper transactions, which also supports our strategic efforts towards environmental sustainability. Dr. Ahmad Al Hussein, CEO/General Manager of Jordan Ahli Bank, stated that this achievement will fundamentally change the way our large, medium, and small corporate clients manage their finances and daily banking operations to become faster, easier, more efficient, and effective. This achievement is also in line with the bank’s strategy, which focuses on providing the best banking solutions and services through multiple electronic channels (Omni Channel) to meet the needs and aspirations of our customers and ensure that they have a distinguished banking experience.

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Princess Sumaya University for Technology (PSUT) and Jordan Ahli Bank have signed a Memorandum of Understanding with the aim of empowering students and preparing them for the labor market. The MoU was signed by the President of the University, Professor Dr. Wejdan Abu Elhaija, and the Chief Executive Officer/General Manager of Jordan Ahli Bank, Dr. Ahmed Al Hussein, in the presence of several officials from both sides. The Memorandum of Understanding (MoU) includes the commitment of the University and the Bank to cooperate in the areas of developing student skills and supporting the Fintech Academy. The MoU also enhances cooperation in the areas of joint scientific research and entrepreneurship by providing specialized training courses and workshops related to financial research projects. This will have a positive impact on the development of students’ skills and will positively affect the building of a promising future for young people and the building of shared prosperity between the academic and financial sectors. Dr. Abu Al-Hajaj emphasized the importance of activating cooperation between the academic and financial sectors. She indicated that this cooperation would contribute to developing and enhancing the capabilities of students and empowering them to keep pace with the challenges in the financial labor market. She also praised the university’s efforts to achieve its vision of developing education and strengthening cooperation with important sectors in the community. From his side, the CEO/General Manager of Jordan Ahli Bank, Dr. Ahmad Al-Hussein, stated that we always strive to build a better future for our students and make every effort to prepare a generation capable of keeping pace with the rapid development with high efficiency in line with the requirements of the local and global labor market. Jordan Ahli Bank is always working to activate youth participation and enhance their competitive capabilities by stimulating leadership thinking among these young people and creating strategic partnerships that meet their needs, in addition to strengthening and developing the youth work system throughout the Kingdom.

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Within its social responsibility, the Jordan Ahli Bank organized an event that brought together several modest Jordanian families in collaboration with the Charitable Clothing Bank, one of the departments of the Hashemite Jordanian Charity Society. The event saw the participation of several bank employees through the “We are all Family” volunteer program, reflecting their commitment to meeting the needs of modest families in winter and improving living conditions for the most vulnerable groups in society as part of the Winter Clothing Program. During the event, winter clothing was distributed to children and their families. This event reflects the commitment of the Jordan Ahli Bank to actively contribute to building a more compassionate society, emphasizing the importance of cooperation with charitable organizations to achieve sustainable development and improve the quality of life for those in need. This aligns with the vision of the Jordan Ahli Bank and its belief that social solidarity forms the foundation upon which a strong and sustainable society is built.

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Jordan Ahli Bank will leverage Fintech Galaxy’s FINX platform to become Open Banking compliant with international and local standards. Platform to enable Ahli Bank customers to share their financial and banking data with third parties and make account to account transfers, leveraging API technology. Jordan Ahli Bank will offer innovative and value-added Open banking-enabled services to its customers. Jordan Ahli Bank, a leading Jordanian institution with over 60 years of banking experience, has joined forces with Open Banking and financial innovation firm Fintech Galaxy to fully comply with Open Banking and Open Finance regulations. Leveraging Fintech Galaxy’s FINX platform, Jordan Ahli Bank will ensure the utmost security and protection for customer data, empowering them to safely connect their accounts to TPP apps and have a comprehensive view of their transactions. Jordan Ahli Bank is dedicated to incorporating technology and innovation into their banking services through their Open Banking initiative. By becoming Open Banking compliant, the bank will be able to offer better rates and value-added services to their customers. Collaborating with third-party providers (TPP) also will help Jordan Ahli Bank reduce costs and increase revenue, while leveraging the expertise and capabilities of these providers to create new and innovative products and services. This commitment to Open Banking is a testament to Jordan Ahli Bank’s dedication to providing personalized and innovative banking services to their valued customers. Jordan is working on numerous ongoing initiatives toward the digitization of the banking sector with the Central Bank of Jordan issuing new instructions in November 2022 aiming at fostering innovation and competition and supporting opportunities for transformation towards an inclusive and advanced digital economy. These instructions govern Open Finance services, providing, with authorized access to customer and business bank accounts for payments and banking data-related services. Fintech Galaxy’s FINX platform will enable Jordan Ahli Bank to effortlessly align with Open Banking regulations while delivering exceptional value to their customers and adhering to robust security measures to safeguard customer data, cultivating trust and security. Jordan Ahli Bank will leverage the FINX Open API Gateway with out-of-the-box compliance with Account Information Service (AIS) and Payment Initiation Service (PIS) APIs, Third Party Provider (TPP) Management, and Consent Management based on regional standards. The bank will also be provided with all essential components, including the TPP Developer Portal with detailed Documentation for Public Consumer API, along with a step-by-step guide for TPP onboarding, an administrative full-featured dashboard for TPPs, a sandbox environment that simulates the production functionality, etc. “We are thrilled to have partnered with Fintech Galaxy for Open Banking and Open Finance compliance,” announced Dr. Ahmad Al-Hussein, CEO of Jordan Ahli Bank .“With Fintech Galaxy’s innovative Open Banking solutions, we can now offer our customers the freedom to share their financial and banking data with third parties, leveraging API technology. This partnership will enable us to comply fully with Open Banking and Open Finance regulations and provide value-added services to our customers. Fintech Galaxy’s FINX Comply solution has allowed us to become Open Banking compliant in record time. “ “Our partnership with Jordan Ahli Bank is a significant milestone for Fintech Galaxy. We believe that Open Banking and Open Finance are the future of financial services, and we are committed to supporting financial institutions in the MENA region as they innovate and redesign the future of financial services.” – commented Mirna Sleiman, Founder and CEO of Fintech Galaxy. About Fintech Galaxy: Fintech Galaxy is a regional Open Banking platform that aims to democratize financial services by providing a reliable and secure API infrastructure for integration between industry players while placing more control of financial data and payments into the hands of end customers. Fintech Galaxy is regulated by the Central Bank of Bahrain. Fintech Galaxy was founded with a mission to move the needle in financial inclusion and currently operates in the UAE, Bahrain, Egypt, Saudi Arabia, Lebanon and Moldova. More on www.fintech-galaxy.com About Jordan Ahli Bank Jordan Ahli Bank, the first bank to be established in east Jordan in 1955, is a leading Jordanian institution with a steeped national history and heritage. The bank was founded by Yousef Mouasher and Suleiman Sukkar with an initial capital of JD 350,000 upon establishment. More than 66 years later, the bank continues to be a leading player in the financial services industry with branches In Jordan, Palestine, and Cyprus.

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To enhance financial inclusion and as part of its social responsibility, Jordan Ahli Bank has launched its new program dedicated to people with disabilities. This program reflects the bank’s full commitment to providing the necessary support for people with disabilities by offering financial products tailored to their needs and providing them with the opportunity to participate in financial and economic life. This program is part of the bank’s ongoing efforts to provide equal opportunities for everyone to access financial services and achieve their personal and professional goals. The program will work to empower beneficiaries to achieve their financial and personal aspirations by offering various services, including personal and real estate loans, car loans, credit cards, with preferential interest rates and flexible repayment terms to meet their needs. Dr. Ahmad Al-Hussein, the CEO/General Manager of Jordan Ahli Bank, emphasized the effective role that the program plays in empowering people with disabilities and integrating them into society more effectively by providing financial support and suitable banking services.

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