Equity in the Distribution of Annual Profits among Employees of AlJumhouria Bank

Abstract

This paper aims to assess the fairness of the annual profit distribution among employees of Jumhouria Bank in light of the governing legislations, particularly Law No. (1) of 2005 on Banks, as amended by Law No. (23) of 2010 on Commercial Activity, and the current Statute of Jumhouria Bank. The researcher adopted an analytical approach to examine the mechanisms of profit allocation based on these legal frameworks, with the objective of identifying prospects for reform and development. The findings of this study indicate that the current profit distribution process lacks fairness and equity, highlighting the need for a comprehensive review. The study is grounded in the fundamental notion that profits are the result of the interaction between capital and labor, both of which should be recognized in any fair distribution model