Sharjah Islamic Bank launches 'Zone' package for companies in Al Hamriya Free Zone

The new package enables new customers to obtain a book of 50 vouchers that allows registered companies and investors in the Al Hamriya Free Zone to make use of a number of free banking services, including postponed cheque depositing, 'Cheque collection', 'Swift' transfers, issuance of Watani Prepaid Cards, issuance of banking cheques and two cheque books, among other privileges.

Commenting on the new banking service package, Amin Al Sahlawi VP Regional Manager, said: "Sharjah Islamic Bank continuously strives to provide all possible facilities to corporates and investors and put these services in reach anywhere within the UAE, with the aim of helping them to smoothly process their transactions which would in turn reflect positively on investment and high growth rates. The move is line with the Bank's strategy to expand its services while providing its clients with the best banking services and products that comply with Islamic banking in the UAE and region."

Al Sahlawi added that Al Hamriya Free Zone in Sharjah has a bank branch that offers banking services to all members in Al Hamriya and its nearby areas, including Umm Al Quwain. The new package was launched after conducting an in-depth study on investors' needs there, and will run until June 2014.

Companies and investors wishing to open an account in the bank branch in Al Hamriya needs to have a minimum balance of AED5,000. They will be able to avail of a number of privileges, such as a specially designed cheque book with the possibility of large cash finance and participating in online banking service (Weyy@com) for companies that enable them to freely and safely access their accounts and complete their transactions round-the-clock along with a phone banking service.

The Bank recently launched its latest banking programme, the 'Red Carpet' package, in line with its strategy for the second quarter of 2013 that aims to increase the sales of finance products and expand the base of customers who transfer their salaries to the bank. The 'Red Carpet' package targets customers working within three key sectors, namely government institutions and companies, semi-government institutions and companies in the UAE, and Sharjah's major corporations.

Since it was established in 1975, Sharjah Islamic Bank has gone from strength to strength. Today, the bank has a rapidly expanding network of 26 branches throughout the UAE supported by a growing number of ATM's and CDM's.

SIB has gained its recognised reputation and continual success over the years through offering the highest levels of unmatched service, which has helped it increase its customers' loyalty and succeed in adopting clear and proactive strategy and policies within risk management and expense control throughout all of the bank's operations. Sharjah Islamic Bank embraces a proactive and responsible approach to its economic and social role in developing society.