"Sharjah Islamic" It enhances the financial link between the Emirates and Jordan
Sharjah, July 23 / WAM / Sharjah Islamic Bank announced the signing of a strategic cooperation agreement with Al -Alawneh Exchange Company, one of the largest exchange companies in the Hashemite Kingdom of Jordan, in a move that represents a qualitative achievement towards strengthening regional partnerships and developing financial transfers solutions between the UAE and Jordan to be cross -border, faster, safer, efficient and lowest cost.
The agreement was signed by Abu Zaarour, CEO of Operations at Sharjah Islamic Bank, Ayman Alawneh, CEO of Al -Alawneh Exchange Company, in the presence of Saeed Al -Amiri, head of the investment and treasury department and financial institutions in the bank and representatives of the Central Bank of Jordan, and a number of executives and representatives of both sides in addition to a group of stakeholders in the financial and banking sector.
According to the agreement, Al -Alawneh becomes the first Jordanian exchange company to conclude a direct agreement with an Emirati Islamic bank in a precedent that establishes the position of Sharjah Islamic Bank as a leading institution in supporting financial integration and expanding the cross -border cooperation network and as a pivotal link in promoting financial and commercial linking between the countries of the Gulf Cooperation Council and the Arab East.
The agreement aims to facilitate the movement of capital between the two countries, whether at the level of individuals or companies by providing smoother and less expensive transfer paths and strengthening the banking experience by opening an account in the UAE dirham at the Islamic Bank of Sharjah in favor of “Al -Alawneh for Exchange” in order to allow a direct and safe settlement of commercial and personal transfers.
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