JIB statements list Murabaha, Ijara, and profit distributions in their own narrations. Convert the bilingual PDF to Excel and your accountant can map each row to the ISTD return.
Convert your JIB statementJordan's Income and Sales Tax Department (ISTD) runs a progressive personal income tax of 5–30% and a 20% flat corporate rate. Investment profit, rental income, and any business revenue routed through the account is in scope. The statement is the primary income evidence for both personal and SME returns.
Jordan Islamic Bank — the country's first Islamic bank, founded 1978 — formats statements bilingually with Murabaha, Ijara, Musharaka, and Mudaraba product names in the transaction narrations. The Sharia Supervisory Board reference is in the header. JOD amounts use three decimal places. Kashfbank preserves all of this in the Excel export.
Profit distributions on Mudaraba investment accounts appear as separate line items, not embedded in principal entries. This is exactly what the ISTD expects to see — investment income is its own category on the return. Murabaha instalments include a profit margin component; for business owners, the margin portion may have a different treatment from the principal portion. Salary credits, rental inflows, and SWIFT inbound transfers from family or foreign clients all show as credits.
The ISTD return needs total income by category, deductible items where allowed, and any tax already paid via withholding or advance instalments.
Bilingual Arabic-English PDF. Islamic product terms appear in transaction narrations: Murabaha, Ijara, Musharaka, Istisna, Mudaraba. JOD balance shown to three decimal places. Sharia supervisory board certification reference printed in the statement header. Profit distributions are listed as separate line items, not embedded in principal payments. Account summary shows opening balance, period movements, closing balance, and cumulative profit for investment accounts.
| Label | Meaning |
|---|---|
| Murabaha Instalment | Monthly cost-plus repayment for Murabaha-financed purchase |
| Profit Distribution | Periodic profit share credited to investment account |
| Ijara Payment | Lease instalment for Ijara (Islamic leasing) contract |
| Zakat Deduction | Annual Zakat amount deducted from savings balance where applicable |
| Salary Credit | Monthly salary deposit |
Rules in Jordan differ — see our country guide
Pull 12 months from JIB Mobile
JIB Mobile and JIB Online both export full-year PDFs. The Jordan tax year is calendar-based, so request January to December. Multi-currency JOD/USD sub-accounts will appear on separate pages within the same PDF.
Convert and check JOD three-decimal precision
Upload to Kashfbank. Verify the export retains three decimal places on JOD amounts. Profit distribution rows should be tagged separately from principal Murabaha or Ijara debits.
Map rows to ISTD categories
Filter the Excel by category. Salary credits go to employment income. Profit distributions go to investment income. Rental credits go to property income. Foreign SWIFT inflows are converted to JOD at the CBJ rate and added to the relevant category.
Hand off to your accountant
Most Jordanian residents use a tax advisor for the annual ISTD return. Share the Excel and the original JIB PDF. Retain both for at least four years in case of ISTD inspection.
Common challenges
Are JIB profit distributions taxable in Jordan?
Yes. Under Jordan's income tax law, profit distributions on Mudaraba investment accounts are treated as investment income and reported on the ISTD return. JIB shows these as separate rows in the statement, which makes them easy to total in the Excel export.
Can the export keep Murabaha narrations in Arabic?
Yes. Kashfbank preserves the transaction narration in the language JIB printed it. Bilingual customers see both Arabic and English where the bank provides both; Arabic-only narrations stay Arabic. The amount and date columns are universal.
How does Kashfbank handle JOD three-decimal precision?
JOD uses three decimal places (fils sub-unit). The export keeps three decimals on every JOD amount and on the running balance. Tools that default to two decimals can round JOD figures incorrectly; Kashfbank does not.
Is Zakat deductible from Jordanian income tax?
No. Jordan does not have a state-level Zakat obligation, and voluntary Zakat is not a deductible expense on the personal ISTD return. The Zakat deduction line that may appear in your JIB statement is a religious obligation, not a tax credit.
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Regulator: Central Bank of Jordan (CBJ)
Fiscal year: Jan 1 – Dec 31
Full country guide →Statement language: Arabic / English