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Abdullah explained:
"Khalid Lagoon Corniche is among the key tourist and economic facilities in the UAE, particularly in Sharjah. SIB is committed to being present in all key areas in the UAE. The economic boom we are facing and the present increase in demand on Islamic banking services requires a greater effort to meet the needs of various social sectors."
The new branch will provide all banking services, such as Murabaha transactions, current and savings accounts, investment deposits, financing services, Ijara services and other Shari'a compliant banking services.
The new branch located at Khalid Lagoon Corniche is the third branch opened in 2008. The other two branches were opened at the University of Sharjah student centers in University City. Other branches are expected to open at Waset street and the Department of Economic Development in Sharjah.
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Posted by Eman Hassan
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