The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning on Monday (March 16), following US Federal Reserve cuts to contain the economic repercussions of coronavirus, COVID-19.
CBUAE cautioned consumers saying that it would never ask consumers about private information — such as personal and bank account information. It warned consumers to be alert and aware of malicious phone calls and WhatsApp messages claiming to be from CBUAE.
Sharjah Islamic Bank (SIB), recorded a 55 per cent increase among users of Digital channels and smart services, while the number of digital services and banking application users surged by 35 per cent compared with the same period last year.
The bank said its balance sheet reflects strong performance and sound financial position, with total assets reaching Dhs46.4 billion at the end of 2019, 3.7 per cent increase in comparison to the Dhs44.7 billion achieved at the end of 2018.
Sheikh Khaled said, "Organising the show for the third consecutive year reflects historical relations and mutual cooperation between the Emirate of Sharjah, India in general, and the state of Kerala in particular. It also comes as part of joint efforts to enhance the prosperous economic cooperation between the two friendly countries."
Sharjah Islamic Bank (SIB) recently signed an agreement with CNS Middle East and global company Diebold Nixdorf, to enhance customer experience by introducing more cutting edge technology application and self-service functionalities in the bank.
Sharjah Islamic Bank (SIB) has won the ‘Best Islamic Bank’ and the ‘Most Innovative Digital Bank’ award 2020, at the 8th International Finance Award (IFA) which highlights the achievements of all banks
Sharjah Islamic Bank (SIB) in co-operation with the Sharjah Directorate of Human Resources, recently organised a virtual session to introduce the Waffer Discounts Programme.
With more than 35 years of experience in the banking and financial services, Saeed held key positions as a board member of the First Abu Dhabi Bank, the Abu Dhabi Developmental Holding Company, the Emirates Investment Authority, the Abu Dhabi Securities Exchange and Sky News Arabia.