Latest news with #SharjahIslamicBank
Al Bawaba
a day ago
- Business
- Al Bawaba
Sharjah Islamic Bank Wins Sharjah Gulf Excellence Award 2024
Sharjah Islamic Bank (SIB) was awarded the Sharjah Excellence Award (SEA) in the 'Sharjah Gulf Excellence' category for its 2024 edition, organized by the Sharjah Chamber of Commerce and Industry. This recognition comes in appreciation of the SIB's significant initiatives and institutional achievements, which have played a key role in cementing its position as one of the leading banking institutions in the UAE and the region. This honor follows the recent inclusion of the bank in the "Top 100 Companies in the Middle East for 2024" list, according to Forbes magazine, a clear indication of its strong institutional performance and its sustainable and innovative business Investment in Vital Sectors Locally and Regionally, Enhancing National Economic Competitiveness, and Establishing Sharjah as a Leading Business and Innovation HubOn this occasion, HE Mohamed Abdalla, CEO of Sharjah Islamic Bank, said: "We draw inspiration for all our initiatives and strategic directions from the wise vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, may God protect him, which drives us toward excellence and leadership. At Sharjah Islamic Bank, we are committed to being an active part of the economic system by supporting investment in vital sectors locally, regionally, and globally, enhancing the competitiveness of the national economy, and reinforcing Sharjah's position as a leading center for business and innovation."He added: "We will continue to reinforce a culture of innovation and responsibility at SIB, moving forward with pioneering banking initiatives that have a real impact on society and the economy. This includes empowering entrepreneurs, supporting small and medium-sized enterprises, and expanding our regional partnerships to contribute to comprehensive and sustainable development. This aligns with our vision of providing a renewed banking model that supports national and Gulf aspirations." He also pointed out that this recognition reflects the trust institutions place in our message and the SIB's approach, which is based on sustainability through advanced financial solutions that meet the aspirations of various segments of society and align with the UAE's vision in the financial sector.A Financial Institution Committed to ExcellenceThis award represents a new milestone in the continued success of Sharjah Islamic Bank, reinforcing its status as a leading financial institution committed to excellence and contributing effectively to driving the economy forward according to the highest global standards. This recognition adds to the SIB's growing portfolio of awards and achievements at the local, regional, and international levels in various sectors, including institutional innovation, banking services, sustainability, and corporate social responsibility. It is worth noting that the " Sharjah Excellence Award" is one of the most prestigious institutional awards in the region. Launched in 1990 under the umbrella of the Sharjah Chamber of Commerce and Industry, the award aims to enhance competitiveness, foster a culture of quality and excellence, and encourage institutions to adopt best administrative and economic practices. This aligns perfectly with the approach adopted by SIB in all its operations and initiatives.
Sharjah 24
2 days ago
- Business
- Sharjah 24
SIB wins Sharjah Gulf Excellence Award 2024
This honour follows the recent inclusion of the bank in the "Top 100 Companies in the Middle East for 2024" list, according to Forbes magazine, a clear indication of its strong institutional performance and its sustainable and innovative business model. Supporting Investment in Vital Sectors Locally and Regionally, Enhancing National Economic Competitiveness, and Establishing Sharjah as a Leading Business and Innovation Hub On this occasion, His Excellency Mohamed Abdalla, CEO of Sharjah Islamic Bank, said: "We draw inspiration for all our initiatives and strategic directions from the wise vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, may God protect him, which drives us toward excellence and leadership. At Sharjah Islamic Bank, we are committed to being an active part of the economic system by supporting investment in vital sectors locally, regionally, and globally, enhancing the competitiveness of the national economy, and reinforcing Sharjah's position as a leading center for business and innovation." He added: "We will continue to reinforce a culture of innovation and responsibility at SIB, moving forward with pioneering banking initiatives that have a real impact on society and the economy. This includes empowering entrepreneurs, supporting small and medium-sized enterprises, and expanding our regional partnerships to contribute to comprehensive and sustainable development. This aligns with our vision of providing a renewed banking model that supports national and Gulf aspirations." He also pointed out that this recognition reflects the trust institutions place in our message and the SIB's approach, which is based on sustainability through advanced financial solutions that meet the aspirations of various segments of society and align with the UAE's vision in the financial sector. A Financial Institution Committed to Excellence This award represents a new milestone in the continued success of Sharjah Islamic Bank, reinforcing its status as a leading financial institution committed to excellence and contributing effectively to driving the economy forward according to the highest global standards. This recognition adds to the SIB's growing portfolio of awards and achievements at the local, regional, and international levels in various sectors, including institutional innovation, banking services, sustainability, and corporate social responsibility. It is worth noting that the " Sharjah Excellence Award" is one of the most prestigious institutional awards in the region. Launched in 1990 under the umbrella of the Sharjah Chamber of Commerce and Industry, the award aims to enhance competitiveness, foster a culture of quality and excellence, and encourage institutions to adopt best administrative and economic practices. This aligns perfectly with the approach adopted by SIB in all its operations and initiatives.
Gulf Today
3 days ago
- Business
- Gulf Today
Sultan Bin Ahmed honours Sharjah PhD Award winners
Sheikh Sultan Bin Ahmed Bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah, attended the ceremony to honour the winners of the 22nd edition of the Sharjah Award for the best PhD thesis in administrative and financial sciences in the Arab world. The event took place on Tuesday afternoon at Al Biruni Hall, University of Sharjah. Sheikh Sultan Bin Ahmed honoured the winners in the administrative science category. Dr Islam Ali Al Hadidi from Egypt secured first place for his thesis titled 'The impact of humble leadership on the performance and behaviours of frontline employees in the hospitality and tourism sector.' Dr Fatima Saeed Saif Al Dhahuri from the United Arab Emirates won second place for her thesis titled 'A study of the underlying causes of workplace ostracism and its impact on employee silence, with the pivotal role of ethical leadership.' In the financial sciences category, Sheikh Sultan Bin Ahmed honoured Dr Ahmad Husein Obayya from Egypt, who was awarded first place for his thesis titled 'Research on the effects of female representation on the quality of internal control: New insights from listed companies in Egypt and China.' Sheikh Sultan Bin Ahmed, in his capacity as President of the University of Sharjah, also honoured the award's sponsors. Sharjah Islamic Bank was recognised as the gold sponsor, and the Sharjah Chamber of Commerce and Industry was recognised as the silver sponsor. He concluded the ceremony by taking commemorative photos with the winners, sponsors, members of the Board of Trustees and the scientific committee. The ceremony began with recitation from the Holy Qur'an, followed by a speech delivered by Professor Dr Esameldin Agamy, Chancellor of the University of Sharjah and Chair of the Award's Board of Trustees. He highlighted the prestigious legacy of the award, which was established in 2001 by His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and founder of the University of Sharjah. Sheikh Sultan's belief in the importance of fostering administrative and financial culture within Arab institutions led to the establishment of the award. Dr Agamy noted that the award has evolved over the years into a distinguished Arab platform that encourages researchers to produce applied and field-based studies addressing real-world challenges. It supports development in the administrative and financial fields and raises awareness of sound and transparent governance. Dr Agamy praised the vital role of Sheikh Sultan the university president in supporting education and knowledge through his generous patronage of the award. He stated that this patronage embodies Sheikh Sultan's enlightened vision, affirming the University of Sharjah's dual role in academia and community development. This, he said, makes the university a unique and exemplary model in the Arab region and internationally. The Chair of the Board of Trustees congratulated the winners on their academic distinction and noted that this year's theses were selected with extreme care due to their significant contribution to scientific knowledge and service to Arab communities. He highlighted that winning research contributes to improving the administrative and financial landscape in the Arab world and represents a qualitative addition to the Arabic academic library. Dr Agamy revealed that the current edition of the award received wide participation, with 131 thesis submissions from 16 Arab countries. These included 55 in administrative sciences, 69 in financial sciences, and 7 in other fields. Following a rigorous and impartial evaluation process, the committee selected the two best theses in administrative sciences and one in financial sciences. Since the award's launch in 2001, a total of 55 winners have been recognised, all of whom represent a vanguard of Arab researchers who have contributed to the development of administrative and financial thought in the region. The ceremony featured visual presentations by the winning researchers, each of whom gave a detailed overview of their award-winning thesis. These presentations highlighted the research problems, objectives, methodology, key findings, and recommendations. The researchers expressed their sincere gratitude to the university president, and the award organisers for their support and encouragement. WAM
Sharjah 24
4 days ago
- Business
- Sharjah 24
Sultan bin Ahmed honours winners of 22nd Sharjah PhD Award
His Highness honoured the winners in the administrative science category. Dr Islam Ali Al Hadidi from Egypt secured first place for his thesis titled 'The impact of humble leadership on the performance and behaviours of frontline employees in the hospitality and tourism sector.' Dr Fatima Saeed Saif Al Dhahuri from the United Arab Emirates won second place for her thesis titled 'A study of the underlying causes of workplace ostracism and its impact on employee silence, with the pivotal role of ethical leadership.' In the financial sciences category, His Highness honoured Dr Ahmad Husein Obayya from Egypt, who was awarded first place for his thesis titled 'Research on the effects of female representation on the quality of internal control: New insights from listed companies in Egypt and China.' Recognition of sponsors His Highness, in his capacity as President of the University of Sharjah, also honoured the award's sponsors. Sharjah Islamic Bank was recognised as the gold sponsor, and the Sharjah Chamber of Commerce and Industry was recognised as the silver sponsor. His Highness concluded the ceremony by taking commemorative photos with the winners, sponsors, members of the Board of Trustees and the scientific committee. Award history and founder's vision The ceremony began with recitation from the Holy Qur'an, followed by a speech delivered by Professor Dr Esameldin Agamy, Chancellor of the University of Sharjah and Chair of the Award's Board of Trustees. He highlighted the prestigious legacy of the award, which was established in 2001 by His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, who is a Supreme Council Member, Ruler of Sharjah, and founder of the University of Sharjah. His Highness's belief in the importance of fostering administrative and financial culture within Arab institutions led to the establishment of the award. Dr Agamy noted that the award has evolved over the years into a distinguished Arab platform that encourages researchers to produce applied and field-based studies addressing real-world challenges. It supports development in the administrative and financial fields and raises awareness of sound and transparent governance. Praise for the university's role Dr Agami praised the vital role of His Highness the university president in supporting education and knowledge through his generous patronage of the award. He stated that this patronage embodies His Highness's enlightened vision, affirming the University of Sharjah's dual role in academia and community development. This, he said, makes the university a unique and exemplary model in the Arab region and internationally. Recognition of academic excellence The Chair of the Board of Trustees congratulated the winners on their academic distinction and noted that this year's theses were selected with extreme care due to their significant contribution to scientific knowledge and service to Arab communities. He highlighted that winning research contributes to improving the administrative and financial landscape in the Arab world and represents a qualitative addition to the Arabic academic library. Broad participation and rigorous selection Dr Agami revealed that the current edition of the award received wide participation, with 131 thesis submissions from 16 Arab countries. These included 55 in administrative sciences, 69 in financial sciences, and 7 in other fields. Following a rigorous and impartial evaluation process, the committee selected the two best theses in administrative sciences and one in financial sciences. Since the award's launch in 2001, a total of 55 winners have been recognised, all of whom represent a vanguard of Arab researchers who have contributed to the development of administrative and financial thought in the region. Call to link research with real-world needs Addressing the winners, Agami urged them to ensure their research remains connected to practical realities and societal needs, stressing that genuine science is that which helps solve community problems and improve institutional performance. He encouraged them to serve as ambassadors of knowledge within their communities. He concluded his remarks by extending thanks and appreciation to the sponsors, supporters, members of the Board of Trustees, and judging panel for their dedicated efforts in making this edition a success. Presentations by winning researchers The ceremony featured visual presentations by the winning researchers, each of whom gave a detailed overview of their award-winning thesis. These presentations highlighted the research problems, objectives, methodology, key findings, and recommendations. The researchers expressed their sincere gratitude to His Highness, the university president, and the award organisers for their support and encouragement.
Sharjah 24
4 days ago
- Business
- Sharjah 24
SIB launches 'Millionaire Draw' campaign for savings accounts
The campaign is part of SIB's strategy to offer outstanding opportunities to a wide range of customers — from individuals to children and students — by providing them the chance to win valuable prizes, including substantial cash rewards and luxury cars. This initiative reflects the bank's commitment to delivering innovative and rewarding banking solutions. The campaign targets all savings account holders, offering them the chance to win major prizes in addition to their regular monthly profit payouts. Both existing and new customers will be eligible to enter the draw for every AED 10,000 maintained in their accounts daily throughout the month. Through this initiative, SIB aims to encourage continuous saving habits and increase customer engagement through monthly draws featuring a variety of valuable prizes. With each new entry, customers gain further motivation to maintain consistent savings. A comprehensive strategy to encourage sustainable financial planning Nabil Abou Alwan, Head of Retail Banking at Sharjah Islamic Bank, stated: 'Through the launch of the 'Millionaire Draw' campaign, we aim to inspire our customers to think ahead financially and take advantage of banking products that align with their long-term goals. This campaign forms part of our broader strategy to promote sustainable financial planning, offering a banking environment that supports a balance between saving and incentive. We firmly believe that financial success is not just measured by rewards, but also by the capabilities we help our customers build to achieve lasting financial independence. This initiative reflects our ongoing commitment to delivering meaningful and lasting value to our customers, positioning them as active partners in Sharjah Islamic Bank's vision for a more stable and prosperous financial future.' Major prizes worth up to AED 20 million, including monthly cash and luxury cars The campaign will feature several high-value prizes, including quarterly cash prizes of AED 1 million for UAE nationals and another AED 1 million draw for all customers. In addition, four seasonal prizes of AED 2 million will be awarded during special occasions such as national holidays and Eid celebrations. Children and students can also participate through dedicated savings accounts tailored for their age groups. Beyond the grand prizes, the campaign will offer eight luxury BMW XM vehicles to selected winners, along with monthly cash prizes ranging from AED 500 to AED 5,000, providing ample winning opportunities for participants every month. A total of 40 additional monthly cash prizes will be awarded. To enable new customers to participate, account openings can be done quickly and easily through the SIB Digital App, by sending the word 'Millionaire' via SMS to 6667, visiting the website at or calling 065999999.
