Palestine Islamic Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Palestine Islamic Bank is a sensible pick for borrowers in PS who want a single regulated bank across car, personal, secured, student and business lending, with support on email, chat and phone. The trade-off is cost of flexibility: free early repayment is a no, and the longest car finance term is up to 84.

Key facts

Best for
A single regulated bank for car, personal, secured, business and student borrowing in Palestine.
Loan amount
up to $80,000 (Source, checked September 26, 2026)
Term
up to 84 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Loan types
Personal, Car, Student, Secured, Business (Source, checked September 26, 2026)
Legal entity
Palestine Islamic Bank PLC (Source, checked September 26, 2026)
Headquarters
Palestine (Source, checked September 26, 2026)
Founded
1995 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Official website
islamicbank.ps

Apps and profiles

Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • Regulated in PS by the Palestine Monetary Authority, so the lender sits inside a named regulator.
  • A direct lender, so you deal with the bank itself rather than a broker or marketplace.
  • personal, car and student covers car, personal, student, secured and business borrowing in a single place.
  • Support runs on email, chat and phone, so phone, chat, email and a help centre are all available.

Cons

  • Free early repayment is a no, so clearing a balance sooner is not a cost-free move.
  • The credit check is hard, so a full credit search runs on the application.
  • On loan amount the ranking is 42 of 685, with a car finance ceiling of up to $80,000.
Palestine Islamic Bank

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Borrowers in PS who want a single bank for car, personal, secured, business and student borrowing.
  • Applicants with a strong credit file, given the hard credit check.
  • People happy to stretch the schedule, since the longest car finance term is up to 84.

Who should look elsewhere

  • Cashspace, for a different lending band, with amounts of PHP 500 to PHP 25,000 on offer.
  • Cashspace ES, for a narrower band, €100 to €5,000, when up to $80,000 is more than needed.
  • Monzo Flex, to weigh a second lender, with a borrowing range of £10,000 to £35,000.

The company behind it

Palestine Islamic Bank PLC is headquartered in Palestine and has been a bank since 1995, and the Palestine Monetary Authority is the regulator there. Contact runs on email, chat and phone, so phone, chat, email and a help centre all sit with the bank rather than a third party.

How Palestine Islamic Bank compares

Where Palestine Islamic Bank is available

Available
Palestine
Licence in Palestine
Palestine Monetary Authority, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What kinds of loans does Palestine Islamic Bank offer?+

The range covers personal, car and student lending, so personal, car, student, secured and business borrowing sit with the same bank. It is a direct lender, so the application and the contract go to the bank itself rather than to a broker or marketplace.

How much can I borrow?+

The car finance ceiling is up to $80,000, and the same bank also handles personal, secured, business and student lending. Borrowing above that level would need another provider, and Cashspace lends PHP 500 to PHP 25,000 for a different band.

How long can a loan run for?+

The longest car finance term is up to 84. A longer schedule keeps each repayment smaller and the total cost of the borrowing higher, so a shorter term suits anyone able to put more away each month.

What credit check does it run?+

The credit check is hard, so a full credit search runs on the application rather than a soft check. That suits borrowers with a clean file, and it is the common approach in the category, where 72.7% of lenders run a hard search.

Can I repay early without a charge?+

Free early repayment is a no, so settling a balance sooner is not a cost-free move. That matters most on longer schedules, where the longest car finance term is up to 84, because a borrower who finishes early still pays the early settlement terms rather than nothing.

Is the bank regulated, and where does it operate?+

The regulator is the Palestine Monetary Authority in Palestine, the country where Palestine Islamic Bank PLC is headquartered. The bank has been a lender since 1995, and it is a direct lender, so the contract is with the bank rather than an intermediary.

How do I reach the bank?+

Support runs on email, chat and phone, so a phone line, live chat, email and a help centre are all listed. Help centres give written answers on application requirements, which is useful before starting a car or student loan, where documentation tends to be the slow part.

Who is this bank aimed at?+

It suits borrowers in PS who want a single bank for car, personal, secured, business or student borrowing, and who are comfortable with car finance running as long as up to 84. It suits less well anyone who needs to borrow more than up to $80,000 or wants free early repayment.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Arrangement fee, Funding time, Representative example.

Palestine Islamic Bank

Palestine Islamic Bank

A single regulated bank for car, personal, secured, business and student borrowing in Palestine.

9.0/10See alternatives

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