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 |
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 |