Mubasher: Capital Intelligence (CI), the international credit rating agency, reiterated  Jordan Islamic Bank’s (JIB) long- and short-term foreign currency ratings at the level of “-BB” and “B” respectively with a Stable Outlook.

JIB said in a statement that the financial strength rating was based on the assets quality, good profitability and owning the largest stake of Islamic banking assets, according to Jordan’s news agency Petra.

The bank added that despite of the fierce competition in the local market and the regional instability, the bank maintained the lowest rates of non-performing debt in local market.