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.