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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Jordan Dubai Islamic Bank (بنك الأردن دبي الإسلامي)

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Jordan Dubai Islamic Bank (بنك الأردن دبي الإسلامي)

Previous name(s)
Industrial Development Bank

Headquarters
P.O. Box 1982, Jordan Dubai Islamic Bank Building, Islamic Scientific College Street, Amman 11118, Capital Governorate, Jordan.; Amman; Amman
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Ernst & Young (2012)
Total Employees: 262

Tel: 962 64602200

Company Description

Jordan Dubai Islamic Bank, formerly known as Industrial Development Bank, is a Jordan-based public shareholding bank that provides financial services and products in compliance with the Islamic Sharia. " In 2007, Dubai Islamic Bank along with its partner Jordan Dubai Capital started discussions with the shareholders of the Industrial Development Bank and the Government of Jordan to acquire a majority stake in Industrial Development Bank and to convert and restructure it into a fully fledged Islamic
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Company Analysis

According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues decreased with -28.09%, from JOD 7,721 thousands to JOD 5,552.49 thousands. The results of the period reached JOD -3,457.542 thousands at the end of the period against JOD 1,815 thousands last year. Return on equity (Net income/Total equity) went from 1.59% to -1.62%, the Return On Asset (Net income / Total Asset) went from 1.31% to -1.29% and the Net Profit Margin (Net Income/Net Sales) went from 23.51% to -62.27% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 25.77% compared to 21.05% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 15.70 to 2.19 when compared to the previous year.

Key Executives

Mr.Salem Khaza'leh Chairman
Mr.Mohammed Said al-Sharif Vice Chairman
Mr.Maher Shameyeh Board Member
Mr.Mohamed Al Falasi Board Member
Ms.Hala Lattouf Board Member

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Balance Sheet

Total Assets

475,217

350,424

Current Assets

323,329

342,513

Total Liabilities

97,780

70,460

Shareholders Equity

377,436

279,963

Current Liabilities

85,974

58,394

* All the accounts are in JOD.
Income Statement

Total Operating Revenue

22,146

14,607

Operational Profit (Loss)

13,724

12,536

Net Profit (Loss)

2,138

5,351

* All the accounts are in JOD.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.45%

1.53%

Annualised Return on Assets (ROA)

0.45%

1.53%

Return on Equity (ROE)

0.57%

1.91%

Annualised Return on Equity (ROE)

1.86%

4.84%

Return on Sales (ROS)

9.66%

36.64%

Return on Capital

3.53%

4.29%

Gross Profit Margin

100%

100%

Operating Profit Margin

61.97%

85.82%

Efficiency Ratios

Accounts Receivable Turnover

0.08x

0.07x

Current asset turnover

0.07x

0.04x

Fixed-asset turnover

0.15x

1.85x

Asset Turnover

0.05x

0.04x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

13,724

12,536

EBITDA

13,724

12,536

Enterprise value

42,960

30,004

Enterprise Value / EBITDA

3.13

2.39

Bookvalue (BV)

377,436

279,963

Net Cash

-42,960

-30,004

Liquidity Ratios

Current Ratio

376.07%

586.55%

Quick ratio

376.07%

586.55%

Doom's day ratio

63.76%

69.28%

Cash Flow to Debt

0%

3.88%

Leverage Ratios

Leverage ratio

125.91%

125.17%

Debt to equity

25.91%

25.17%

Debt to total assets

20.58%

20.11%

Long Term Debt to Capital

8.39%

9.49%

Trend Ratios

Revenue Trend

151.61%

263.08%

Net Income Trend

39.97%

-154.78%

Operating Income Trend

109.48%

142.16%