This chapter seeks to examine how the implementation of International Financial Reporting Standard (IFRS) 9 affects the primary financial statements of the Jordan Islamic Bank (JIB). The focus was specifically on the impact on the statement of financial position. An analytical-descriptive methodology was employed by the researcher. To accomplish the research goals, a questionnaire with 47 questions divided into four sections was developed and distributed to the study participants. The data collected was then analyzed and hypothesis testing was conducted using SPSS software. The findings of the chapter highlighted significant alterations in the primary financial statements of the JIB at the end of 2018 as a result of the implementation of IFRS 9. Notably, the statement of financial position underwent notable changes. Furthermore, the results indicated that the issuance of Islamic Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards 30 and 35 was a response to the misalignment between IFRS 9 and the nature of operations in Islamic banking. In conclusion, the researcher recommended the importance of providing specialized training to staff members in areas such as risk management, classification, provisioning, and financial data preparation. This training would ensure compliance with the methodology outlined by the central bank for implementing IFRS 9. Additionally, the researcher emphasized the significance of adhering to Islamic accounting standard No. 30, which serves a similar purpose to IFRS 9 while taking into consideration the unique nature of banking operations in Islamic banks.