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May '17

Sharjah Islamic Bank Opens New Branch in Souq Al Haraj


Sharjah Islamic Bank Opens New Branch in Souq Al Haraj

This will be its 21st branch in Sharjah and the 32nd branch in the UAE


As part of its expansion strategy and dedication to make its services and products more accessible to customers, Sharjah Islamic Bank opened its new branch in Souq Al Haraj in Sharjah on the 23rd of May. This branch is its 21st branch in the Emirate of Sharjah, bringing the total number of its branches in the UAE to 32.


The opening ceremony was attended by Mr. Ahmed Juma Al Musharrekh, Director of Souq Al Haraj and Mr. Nabil Abou Alwan, Head of Retail Banking Group at the Sharjah Islamic Bank, together with a group of elite clients and a number of investors and dealers in Souq Al Haraj, which is one of the largest auto trading marketplaces in the UAE and region.


Mr. Nabil Abou Alwan said on the occasion: “Sharjah Islamic Bank is striving to play a leading role in the Sharia’a compliant banking services market to meet the needs of a large segment of clients, both individuals and dealers, alike, while boosting the bank’s contribution to the economic activities in Sharjah and the UAE.”


He added that the branch will complement the services provided by the bank and will fit well with the Sharjah Government’s vision of making the Emirate a leading business hub. He said: “The branch will offer comprehensive services, with an office at the entrance of the Souq to provide services to dealers and another office to offer integrated banking services for Souq Al Haraj, Tasjeel Centre and the surrounding area. In addition to our services, there will be additional services for showroom tenants and dealers as well as for auto finance applicants. ATMs will be available around the clock at many locations inside the Souq.”


 Ahmed Juma Al Musharrekh, Director of Souq Al Haraj said: “Opening a new branch of Sharjah Islamic Bank at Souq Al Haraj is the latest addition to a series of steps taken by the Souq's management to better serve the interests of dealers and customers. We appreciate the decision taken by the bank’s officials to open a new branch of their network in Sharjah at Souq Al Haraj. This collaboration will certainly enhance investment and business in general.”


Sharjah Islamic Bank’s branch in Souq Al Haraj will provide a range of exclusive services and facilities to showroom tenants, such as salary transfer and exemption from banking service fees. Opening hours will be from 9:00 AM to 9:00 PM from Saturday to Thursday.


Souq Al Haraj is easily accessible from Sheikh Mohammed bin Zayed Road and Sharjah International Airport Road. Located in Al Ruqa Al Hamra, Souq Al Haraj is a project of Sharjah Asset Management, the investment arm of the Government of Sharjah. Souq Al Haraj is a one-stop hub for automobiles of all makes and brands. It currently consists of 415 showrooms and 70 shops for selling spare parts and automotive accessories, in addition to showrooms and multi-purpose areas.

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