Islamic Finance House Company and CRIF-Jordan, the first credit information bureau to be officially licensed by the Central Bank of Jordan, signed an agreement by which the company will provide its credit information services to the IFHC’s SME’s and individual clients in order to facilitate their access to financial facilities, allowing them to obtain more favorable loan conditions.
This partnership comes in alignment with the company’s strategy to stay updated with the latest technology advancement in the field of risk management, and efficiency in taking credit decisions, in addition to enhance the credit service level, and that will eventually allow the company to provide better and innovative financing solutions to its customers.
Signing on behalf of Islamic Finance House Company was CEO Hisham Jaber, who said, “Islamic Finance House Company always endeavors to introduce the latest international techniques and applications, which increase the professionalism of our services while simultaneously streamlining credit procedures. Our partnership with CRIF will help reduce credit risks by providing the necessary information about borrowers, making decisions regarding lending easier and less risky.”
Ahmed Amoudi, the general manager of CRIF-Jordan, said on the occasion of the signing, “We highly value this partnership with Islamic Finance House Company, the first local financial institution to apply the credit information service, and we appreciate the efforts that were exerted by the Company’s team to make this partnership succeed.” He added, “This service will enable credit providers the ability to evaluate credit risks with confidence, allowing them to make decisions with more speed and efficiency. This will contribute to the running of the credit information company, which is expected to begin delivering its services in the next couple of months, thus, bridging the gap in applying for credit in the Kingdom.”
It’s worth mentioning that Islamic Financing House Company is a private share holding company that works in the field of financing for Retail and Corporate sectors with a registered capital of JD 7.5 Million. IFHC was established in 28/02/2016 by several local and Arab businessmen working in different fields and sectors. Islamic Financing House Company opened its Head Office in Amman-Jordan with the purpose of providing its Islamic financing products to achieve sustainability, prosperity and eventually expected profits for its shareholders.