'Safwa Islamic Bank (Jordan Dubai Islamic bank previously ) has begun operations on 17/1/2010 according to Islamic Sharia principles and the instructions of the Central Bank of Jordan and The Banking Law of Jordan. it was registered as a Public Limited Company in the registry of companies on 23.06.1963 under the number 8 as legal successor of “The Industrial Development Bank” which was established under the Law No. 5 for the year 1972 and was repealed under the law of abolition of The Industrial Development Bank; Act No. 26 of the year 2008.