Jordan Islamic Bank (JIB) has teamed up with Mastercard to enhance its digital payment tools, ensuring compliance with Shari’ah principles.

Under this partnership, JIB will utilize Mastercard’s technology and expert advice to develop advanced consumer card offerings and boost its digital service infrastructure.

JIB aims to introduce features that align with Islamic banking norms, focusing on secure and compliant payment methods. Mastercard will assist in this process by offering technical support and strategic guidance.

Enhancing Digital Infrastructure and Inclusion

JIB officials mentioned that the partnership supports their objective of improving digital services and enhancing customer experience. They highlighted that access to Mastercard’s global expertise will enable JIB to provide financial services consistent with Islamic values while increasing accessibility and security.

Mastercard representatives noted that the initiative aligns with efforts to enhance financial inclusion in Jordan, particularly for consumers who prefer or require banking services conforming to Islamic principles. They also stated that the partnership aims to create more personalized and inclusive digital options within the financial system.

Background of JIB

Founded in 1978, Jordan Islamic Bank has progressively introduced various digital services as part of its strategy to meet evolving customer needs and promote sustainable banking practices.

Other Mastercard Initiatives

In February 2025, Mastercard collaborated with Tamara to introduce split payments in the UAE. This partnership allowed Mastercard to expand its presence in the flexible payment and lending ecosystem while providing cardholders with the ability to split payments at checkout. It also facilitated Tamara’s growth by integrating added-value services from Mastercard.

According to a report by Ken Research, the transaction value for flexible payment services in the UAE is anticipated to reach USD 14.7 billion by 2027, fueled by the country’s e-commerce sector and advancements in digital payment solutions.