HE Sami Al Qamzi, Director General of Dubai Department of Economic Development (DED), officially opened the new branch of Sharjah Islamic Bank on Sheikh Zayed Road, in the presence of HE Mohammed Abdullah, CEO of Sharjah Islamic Bank, HE Ahmed Saad, Deputy CEO, and a number of the bank’s senior officials, directors and employees.

During the opening ceremony, HE Sami Al Qamzi, Director General of the DED, lauded the increasingly positive performance of Sharjah Islamic Bank, in particular, and the Emirati banks, in general. He added, “I feel proud to open a new branch for such a prestigious national conglomerate, one of the heavyweights in the local banking industry, which was awarded the DED’s Dubai Quality Award and is making steady strides towards global reach”.

HE Mohammed Abdullah, CEO of the Sharjah Islamic Bank said: “The new branch is strategically situated on Sheikh Zayed Road in the heart of Dubai’s Business and Financial hub, and enjoys easy access from both inside and outside Dubai. The new branch offers all of the SIB’s retail banking services and has a dedicated priority banking centre and corporate banking group. The Wealth Management’s Priority Banking centre in the new branch is the 4th largest among SIB’s branches. It aims to offer various comfortable banking solutions to VIP clients by providing a host of elite services and a range of exclusive benefits to provide this segment of clientele with the utmost in comfort and convenience.”

He said that the corporate banking group in the new branch aims to serve factories and companies operating in Dubai and Jebel Ali, with a particular focus on the gas and petrochemical industry, as well as the foreign trade sector.

The CEO of the Sharjah Islamic Bank commended the tremendous efforts exerted by the DED to encourage investment in Dubai and facilitate business development. He added, “We are thrilled to open the new branch in one of the most vital business areas in Dubai. We are thankful for the warm welcome and support we have received from the DED and for the facilities provided to us by them”.

Mohammed Abdullah urged the bank’s officials to continue to offer the highest levels of quality in customer service and to maintain the premier position SIB has attained. A position that, he added, would not have been possible without the efforts of all employees in SIB’s various departments and branches.

Since its successful transition from conventional to Islamic banking in 2002, Sharjah Islamic Bank has offered a variety of Shari’a-compliant products that cater to the needs of individuals, companies, and institutions, as well as investment and international banking services. As a result of well considered strategies and careful planning based on risk management and cost control, SIB has seen unprecedented growth. The bank currently has 26 branches located across the UAE, in addition to more than 100 ATM and deposit machines installed in residential districts and other vital areas such as shopping malls and entertainment centers.