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JORDAN ISLAMIC BANK Financial

Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 2.88 3.65 3.86
Value Traded (JD) 21,543,635 29,215,530 26,552,712
No. of Shares Traded 6,386,372 7,403,560 7,483,311
No. of Transactions 8,805 10,686 10,112
No. of Subscribed Shares 180,000,000 180,000,000 150,000,000
Market Capitalization (JD) 518,400,000 657,000,000 579,000,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Cash and Balances at Central Bank 876,086,318 1,138,666,950 1,090,770,170
Balances with Banks and Financial Institutions 93,915,490 54,124,633 41,713,931
International wakala investments 0 0 0
Investments Accounts at Banks and Banking Institutions 17,642,298 21,979,000 17,725,000
Deferred sales receivables and other receivables - net 2,053,781,286 2,021,613,041 2,044,488,509
Deferred sales receivables through the income statement 0 0 0
Ijara assets - Net 605,801,762 590,844,435 565,944,539
Finance Investments (Finances-Net) 32,703,789 30,980,357 30,064,026
Financial assets at fair value through OCI 10,692,694 10,528,825 7,544,141
Financial assets at fair value through the joint investments accounts holders equity 36,594,760 37,384,155 54,536,797
Financial assets at amortized cost - net 191,673,379 78,108,807 37,760,000
Financial assets at fair value through profit or loss 0 0 0
Qard Hassan loans - net 11,725,757 8,997,535 7,966,851
Investments in Affiliates 8,355,201 8,383,116 7,658,670
Real Estate investments 126,379,861 120,212,403 110,249,076
Local wakala investments 0 0 0
Fixed assets - net 83,311,212 78,028,966 71,633,380
Intangible assets 2,299,136 1,548,078 2,028,836
Deferred Tax Assets - self and joint 0 0 0
Other Assets 9,679,267 10,217,365 9,435,770
Total Assets 4,160,642,210 4,211,617,666 4,099,519,696

Liabilities (JD)

2018 2017 2016
Banks and financial institutions deposits 8,241,356 5,012,040 8,812,042
Customers current accounts 1,076,008,070 1,127,717,067 1,199,334,692
Cash Margins 45,210,218 47,906,977 47,919,206
Accounts Payable 400,227 812,999 1,162,406
Other provisions 13,987,106 6,750,000 6,500,000
Income tax provision 22,459,373 23,760,966 25,425,244
Deferred tax liabilities 843,026 650,528 327,556
Other liabilities 25,206,770 19,369,671 15,450,746
Total liabilities 1,192,356,146 1,231,980,248 1,304,931,892
Unrestricted Investment Accounts Holders Equity
Unrestricted investment accounts 2,508,970,280 2,534,960,630 2,389,772,737
Investment Accounts Holders Reserve-Subsidiaries & Affiliates 18,144,902 17,634,860 14,445,401
Fair Value reserve-Net 7,111,635 7,683,848 11,210,857
Deferred tax liabilities 4,358,744 4,137,456 6,036,616
Provision for contingent liabilities 1,042,517 0 0
Total Unrestricted Investment Accounts Holders` Equity 2,539,628,078 2,564,416,794 2,421,465,611
Investment Risks Fund 31,654,580 36,350,487 29,619,452
Provision for Income Tax on Investment Risks Fund 3,455,761 3,746,032 652,909

Shareholders Equity (JD)

2018 2017 2016
(Paid-up) Capital 180,000,000 180,000,000 150,000,000
Statutory reserve 84,018,397 76,471,380 68,370,796
Voluntary reserve 38,234,085 30,701,752 22,617,024
General banking risks reserve 0 1,000,000 1,000,000
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury 0 0 0
Foreign Currencies Translation 0 0 0
Fair Value reserve - net 1,375,464 1,208,122 608,319
Cash Dividends 27,000,000 27,000,000 22,500,000
Stock Dividends 0 0 0
Retained Earning (losses) 62,765,833 58,577,364 77,623,623
Total shareholders equity 393,393,779 374,958,618 342,719,762
Non-controlling Interest 153,866 165,487 130,070
Total liabilities,unrestricted investment accounts holders equity,Non-controlling Interest and shareholders equity 4,160,642,210 4,211,617,666 4,099,519,696

Income Statement (JD)

2018 2017 2016
Joint deferred sales revenues 138,792,646 141,057,074 148,057,339
Financing revenues 442,805 433,116 404,490
Profits of financial assets at fair value through the joint investment accounts holders equity 918,795 995,614 2,954,244
Profit from financial assets at fair value through unrestricted investment accounts 0 0 0
Financial assets at amortized cost revenues 3,740,043 2,895,290 315,230
Share of funds involved in investment from the profits distributed by Affiliates and subsidiaries 1,252,026 86,760 997,849
Real Estate Revenues 1,511,676 797,170 4,736,711
Ijarra Assets Revenues 43,075,593 43,535,584 40,362,962
Local Wakala investments profits 0 0 0
International Wakala investments profits 0 0 0
Revenues of other Investments 2,024,904 1,429,855 116,491
Foreign currency profit (loss) 0 0 0
Net Business Results of Subsidiaries 2,038,994 2,447,991 2,139,889
Share of funds involved in investment from the profits of affiliates 602,678 722,110 609,411
Other (revenues) expenses 0 0 0
Total joint unrestricted investment accounts revenues 194,400,160 194,400,564 200,694,616
Unrestricted investment accounts holders` share -51,628,569 -53,554,642 -52,582,840
Unrestricted investment accounts holders` share of the net business results of subsidiaries -2,034,088 -2,440,386 -2,132,391
Non-Controlling interests share of the net business results of subsidiaries -4,906 -7,605 -7,498
Share of funds involved in investment from the profits of affiliates -602,678 -722,110 -609,411
Investment risks fund share -19,175,849 -19,123,046 -19,794,532
Profit Reserves Payback() 0 0 0
Bank`s share of unrestricted investment accounts revenues as Mudareb and Rab Mal 120,954,070 118,552,775 125,567,944
Bank`s self-owned revenues 25,964 26,213 268,683
Bank`s share in restricted investment accounts revenues as Mudareb 222,187 2,349,375 1,675,677
Bank`s share in restricted investment accounts revenues as Wakeel 3,276,373 2,473,446 55,554
Foreign currency revenues 1,567,093 2,035,964 1,838,963
Banking services revenues 19,097,286 19,646,690 18,816,158
Other revenues 1,907,853 1,886,036 1,368,314
Total income 147,050,826 146,970,499 149,591,293
Employees expenses 40,818,032 37,392,734 34,993,012
Depreciation and amortization 7,453,939 7,736,280 9,143,961
Other expenses 22,483,690 20,585,650 20,927,524
Ijara assets depreciation 0 0 0
Real estate investments depreciation 0 0 0
Impairment in deferred sales receivables 300,000 0 0
Other Provisions 525,000 250,000 700,000
Total expenses 71,580,661 65,964,664 65,764,497
Profit for The Year Before Tax 75,470,165 81,005,835 83,826,796
Income tax 25,596,078 26,799,702 29,728,858
Income tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 66,160 67,080 78,863
Net income 49,807,927 54,139,053 54,019,075
Non-controlling Interest 0 0 0
Pertains to Shareholders 49,807,927 54,139,053 54,019,075

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 1,187,779,543 1,123,672,059 935,103,162
Net Cash Flow from (Used in) Operating Activities -40,463,427 -5,963,657 91,994,279
Net Cash Flow from (Used in) Investing Activities -134,992,409 -56,339,196 -48,733,776
Net Cash Flow from (Used in) Financing Activities -51,421,497 125,166,028 144,236,123
Differences in Exchange 858,242 1,244,309 1,072,271
Cash Balance (Ending) 961,760,452 1,187,779,543 1,123,672,059

Financial Ratios

2018 2017 2016
Turnover Ratio % 3.55 4.11 4.99
Earning Per Share (JD) 0.28 0.30 0.36
Dividend Per Share (JD) 0.15 0.15 0.15
Book Value Per Share (JD) 2.19 2.08 2.28
Price Earnings Ratio (Times) 10.41 12.14 10.72
Dividend Yield % 5.21 4.11 3.89
Dividend Per Share to Earning Per Share % 54.21 49.87 41.65
Price to Book Value (Times) 1.32 1.75 1.69
Return On Assets % 1.20 1.29 1.32
Return On Equity % 12.66 14.44 15.76
Joint deferred sales and Banking services / Total Income % 97.64 97.33 97.86
Joint deferred sales / Deferred sales receivables, Net and Finances-Net % 7.32 7.51 7.65
Net Income / Total Income % 33.87 36.84 36.11
Total Income / Total Assets % 3.53 3.49 3.65
Equity Ratio % 9.46 8.91 8.36
Shareholders Equity / Total Deposits % 10.95 10.22 9.53
Debt Ratio % 90.54 91.09 91.64
Total Deposits / Total Assets % 86.36 87.09 87.76
Deferred sales receivables, Net and Finances-Net % to Total Assets % 64.99 62.98 64.60
Deferred sales receivables, Net and Finances-Net % to Total Deposits % 75.25 72.32 73.61
Shareholders Equity to Deferred sales receivables, Net and Finances-Net % 14.55 14.14 12.94
Quick Ratio (Times) 0.27 0.33 0.32
Cash & Investments to Total Deposits % 34.37 36.79 34.96
Cash + Financial assets at fair value through income statement / Total Deposits (Times) 0.27 0.33 0.31