Then its still not end-to-end encrypted. The difference is that the only point where its no encrypted is under your control as well. So you're right that your meetings cannot be recorded if you host your own instance.
Unlike Zoom, Jitsi never claimed that their system was e2e encrypted which is a huge difference if you ask me. Apparently its a technical limitation of WebRTC, so I'd assume no webbrowser based solution can be e2e encrypted as of now. Which is ashame since the browser compatability makes meetings with people outside your company (or with less tech savy family members) so much easier.
edit: misunderstoot your point