If the sale goes ahead, IDB will be renamed Jordan Dubai Islamic Bank.
DIB is working with Jordan Dubai Capital and Dubai International Capital on the acquisition of a 52 per cent stake in the bank.
The Dubai consortium has not disclosed how much it expects to pay for the stake, which has a market capitalisation of $145m on the Amman Stock Exchange.
DIB already has holdings in Islamic banks in Pakistan and Sudan, and its chief executive officer Khaled al-Kamda says further overseas expansion is planned.
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