SIB opens new branch in Jebel Ali

DUBAI: Sharjah Islamic Bank, SIB, has inaugurated its new branch in Jebel Ali, strengthening its presence in the local banking arena. The opening of SIB s fourth branch in Dubai brings the number of SIB branches across the U.A.E. to 32.

The opening ceremony was attended by Mohammed Abdullah, CEO of Sharjah Islamic Bank, who inaugurated the new branch in the presence of Ali Ibrahim, Deputy Director-General at the Department of Economic Development, Dubai.

The Jebel Ali branch will provide a wide range of banking services to retail and corporate clients and SMEs including trade finance and corporate. The bank’s clients can make use of the various banking products provided at the new branch, which also provides a package of retail banking services.

On the occasion, Mohammed Abdullah, CEO of Sharjah Islamic Bank, said, “We inaugurated the new branch to serve as an important instrument to support growth in the country’s industrial areas and strengthen the presence of Islamic banking.

The bank decided to increase the work hours at the Jebel Ali Branch to cope with the overwhelming response and the rise in the number of clients. The bank also plans to launch new services to handle the growing requirements that distinguish Sharjah Islamic Bank in the banking sector.”

Ali Ibrahim, Deputy Director-General at the Department of Economic Development, Dubai, commended the Bank for its increasingly positive performance. He commended all U.A.E. banks in general for their remarkable growth.

SOURCE: WAM