SAFWA ISLAMIC BANK Financial
Trading Information in the Regular Market
2021 | 2020 | 2019 | |
---|---|---|---|
Par Value/Share (JD) | 1.00 | 1.00 | 1.00 |
Closing Price (JD) | 1.91 | 1.40 | 1.36 |
Value Traded (JD) | 8,676,938 | 6,101,404 | 4,748,817 |
No. of Shares Traded | 5,106,971 | 4,539,183 | 3,682,030 |
No. of Transactions | 3,529 | 1,569 | 2,408 |
No. of Subscribed Shares | 100,000,000 | 100,000,000 | 100,000,000 |
Market Capitalization (JD) | 191,000,000 | 140,000,000 | 136,000,000 |
Fiscal Year Ended | 31/12/2021 | 31/12/2020 | 31/12/2019 |
Assets (JD)
2021 | 2020 | 2019 | |
---|---|---|---|
Cash and Balances at Central Bank | 358,653,364 | 351,694,499 | 278,816,552 |
Balances with Banks and Financial Institutions | 8,293,931 | 9,669,834 | 6,513,543 |
International wakala investments | 86,124,648 | 78,717,349 | 70,790,378 |
Investments Accounts at Banks and Banking Institutions | 0 | 0 | 0 |
Deferred sales receivables and other receivables - net | 1,063,215,294 | 753,903,198 | 641,388,269 |
Deferred sales receivables through the income statement | 0 | 0 | 0 |
Ijara assets - Net | 533,805,256 | 422,067,496 | 382,860,291 |
Finance Investments (Finances-Net) | 0 | 0 | 0 |
Financial assets at fair value through OCI | 0 | 0 | 0 |
Financial assets at fair value through the joint investments accounts holders equity | 164,363,677 | 58,488,983 | 32,856,966 |
Financial assets at amortized cost - net | 64,752,000 | 92,191,000 | 92,191,000 |
Financial assets at fair value through profit or loss | 1,565,294 | 1,513,175 | 3,536,138 |
Qard Hassan loans - net | 1,619,321 | 1,721,260 | 509,660 |
Investments in Affiliates | 343,708 | 349,507 | 354,022 |
Real Estate investments | 0 | 0 | 0 |
Local wakala investments | 0 | 0 | 0 |
Fixed assets - net | 22,333,251 | 22,889,345 | 23,886,014 |
Intangible assets | 1,919,527 | 2,024,886 | 2,043,279 |
Deferred Tax Assets - self and joint | 6,734,092 | 5,313,875 | 1,661,190 |
Other Assets | 22,411,956 | 19,694,796 | 19,513,281 |
Total Assets | 2,336,135,319 | 1,820,239,203 | 1,556,920,583 |
Liabilities (JD)
2021 | 2020 | 2019 | |
---|---|---|---|
Banks and financial institutions deposits | 16,530,718 | 25,085,579 | 1,522,392 |
Customers current accounts | 290,066,768 | 228,380,089 | 181,361,486 |
Cash Margins | 56,124,802 | 26,856,968 | 35,875,353 |
Accounts Payable | 0 | 0 | 0 |
Other provisions | 440,000 | 954,597 | 421,785 |
Income tax provision | 8,332,402 | 8,298,808 | 6,936,284 |
Deferred tax liabilities | 0 | 0 | 0 |
Other liabilities | 60,553,879 | 49,320,667 | 50,501,366 |
Total liabilities | 432,048,569 | 338,896,708 | 276,618,666 |
Unrestricted Investment Accounts Holders Equity | |||
Unrestricted investment accounts | 1,741,326,610 | 1,326,573,194 | 1,135,016,343 |
Investment Accounts Holders Reserve-Subsidiaries & Affiliates | 0 | 0 | 0 |
Fair Value reserve-Net | 82,413 | 151,894 | 48,157 |
Deferred tax liabilities | 0 | 0 | 0 |
Provision for contingent liabilities | 0 | 0 | 0 |
Total Unrestricted Investment Accounts Holders` Equity | 1,741,409,023 | 1,326,725,088 | 1,135,064,500 |
Investment Risks Fund | 0 | 0 | 0 |
Provision for Income Tax on Investment Risks Fund | 0 | 0 | 787,149 |
Income Statement (JD)
2021 | 2020 | 2019 | |
---|---|---|---|
Joint deferred sales revenues | 58,754,853 | 47,806,599 | 40,992,345 |
Financing revenues | 0 | 0 | 0 |
Profits of financial assets at fair value through the joint investment accounts holders equity | 1,933,740 | 1,810,043 | 1,475,258 |
Profit from financial assets at fair value through unrestricted investment accounts | 118,407 | 122,759 | 123,343 |
Financial assets at amortized cost revenues | 3,539,642 | 4,137,690 | 4,126,385 |
Share of funds involved in investment from the profits distributed by Affiliates and subsidiaries | 451 | 5,485 | -12,596 |
Real Estate Revenues | 0 | 0 | 0 |
Ijarra Assets Revenues | 33,606,273 | 31,653,197 | 30,417,721 |
Local Wakala investments profits | 0 | 0 | 0 |
International Wakala investments profits | 269,264 | 865,064 | 1,960,584 |
Revenues of other Investments | 85,909 | 32,201 | 758,409 |
Foreign currency profit (loss) | -48,324 | 62,892 | 6,267 |
Net Business Results of Subsidiaries | 0 | 0 | 0 |
Share of funds involved in investment from the profits of affiliates | 0 | 0 | 0 |
Other (revenues) expenses | 0 | 0 | 0 |
Total joint unrestricted investment accounts revenues | 98,260,215 | 86,495,930 | 79,847,716 |
Unrestricted investment accounts holders` share | -57,087,265 | -49,786,021 | -42,341,479 |
Unrestricted investment accounts holders` share of the net business results of subsidiaries | 0 | 0 | 0 |
Non-Controlling interests share of the net business results of subsidiaries | 0 | 0 | 0 |
Share of funds involved in investment from the profits of affiliates | 0 | 0 | 0 |
Investment risks fund share | 0 | 0 | -2,416,902 |
Profit Reserves Payback() | 0 | 0 | 0 |
Bank`s share of unrestricted investment accounts revenues as Mudareb and Rab Mal | 41,172,950 | 36,709,909 | 35,089,335 |
Bank`s self-owned revenues | 686,602 | 671,095 | 1,104,804 |
Bank`s share in restricted investment accounts revenues as Mudareb | 0 | 0 | 0 |
Bank`s share in restricted investment accounts revenues as Wakeel | 150,018 | 129,099 | 283,056 |
Foreign currency revenues | 1,491,988 | 922,916 | 1,075,782 |
Banking services revenues | 6,722,733 | 4,946,663 | 5,402,964 |
Other revenues | -1,025,529 | -981,468 | -77,570 |
Total income | 49,198,762 | 42,398,214 | 42,878,371 |
Employees expenses | 14,402,503 | 13,123,431 | 13,151,976 |
Depreciation and amortization | 3,240,190 | 3,182,555 | 4,359,605 |
Other expenses | 8,274,958 | 9,726,609 | 7,129,929 |
Ijara assets depreciation | 387,164 | 395,003 | 798,847 |
Real estate investments depreciation | 0 | 0 | 0 |
Impairment in deferred sales receivables | 0 | 0 | 0 |
Other Provisions | 21,767 | 84,596 | 181,138 |
Total expenses | 26,326,582 | 26,512,194 | 25,621,495 |
Profit for The Year Before Tax | 22,872,180 | 15,886,020 | 17,256,876 |
Income tax | 8,756,860 | 5,663,881 | 7,185,657 |
Income tax (Previous Years) | 0 | 0 | 0 |
Universities and Research Train Fees | 0 | 0 | 0 |
Board of Directors Remuniration | 55,000 | 55,000 | 55,000 |
Net income | 14,060,320 | 10,167,139 | 10,016,219 |
Non-controlling Interest | 0 | 0 | 0 |
Pertains to Shareholders | 14,060,320 | 10,167,139 | 10,016,219 |
Cash Flow (JD)
2021 | 2020 | 2019 | |
---|---|---|---|
Cash Balance (Beginning) | 336,278,754 | 283,807,703 | 131,595,998 |
Net Cash Flow from (Used in) Operating Activities | -304,600,016 | -103,998,602 | -162,899,308 |
Net Cash Flow from (Used in) Investing Activities | -88,459,992 | -33,513,852 | -24,475,816 |
Net Cash Flow from (Used in) Financing Activities | 407,197,831 | 189,983,505 | 339,586,829 |
Differences in Exchange | 0 | 0 | 0 |
Cash Balance (Ending) | 350,416,577 | 336,278,754 | 283,807,703 |
Financial Ratios
2021 | 2020 | 2019 | |
---|---|---|---|
Turnover Ratio % | 5.110 | 4.540 | 3.680 |
Earning Per Share (JD) | 0.140 | 0.100 | 0.100 |
Dividend Per Share (JD) | 0.060 | 0.060 | 0.000 |
Book Value Per Share (JD) | 1.630 | 1.550 | 1.440 |
Price Earnings Ratio (Times) | 13.580 | 13.770 | 13.580 |
Dividend Yield % | 3.140 | 4.290 | 0.000 |
Dividend Per Share to Earning Per Share % | 42.670 | 59.010 | 0.000 |
Price to Book Value (Times) | 1.170 | 0.910 | 0.940 |
Return On Assets % | 0.600 | 0.560 | 0.640 |
Return On Equity % | 8.640 | 6.580 | 6.930 |
Joint deferred sales and Banking services / Total Income % | 99.050 | 100.140 | 97.670 |
Joint deferred sales / Deferred sales receivables, Net and Finances-Net % | 6.200 | 7.410 | 7.930 |
Net Income / Total Income % | 28.580 | 23.980 | 23.360 |
Total Income / Total Assets % | 2.110 | 2.330 | 2.750 |
Equity Ratio % | 6.960 | 8.490 | 9.280 |
Shareholders Equity / Total Deposits % | 7.940 | 9.790 | 10.960 |
Debt Ratio % | 93.040 | 91.510 | 90.720 |
Total Deposits / Total Assets % | 87.660 | 86.800 | 84.650 |
Deferred sales receivables, Net and Finances-Net % to Total Assets % | 68.430 | 64.700 | 65.820 |
Deferred sales receivables, Net and Finances-Net % to Total Deposits % | 78.060 | 74.540 | 77.760 |
Shareholders Equity to Deferred sales receivables, Net and Finances-Net % | 10.180 | 13.130 | 14.100 |
Quick Ratio (Times) | 0.180 | 0.230 | 0.220 |
Cash & Investments to Total Deposits % | 29.200 | 32.520 | 31.430 |
Cash + Financial assets at fair value through income statement / Total Deposits (Times) | 0.180 | 0.230 | 0.220 |