Page 12 - AAE PR REPORT - FEBRUARY 2025

Sharjah Islamic Bank Partners with CashTrans for Cutting-

Edge Cash Management

SIB has strategically partnered with CashTrans to support its financial operations with a
robust cash management solution.

Dubai, UAE – 24 February 2025: CashTrans, a leading provider of cash management solutions

and a subsidiary of Al Ansari Financial Services PJSC, is proud to announce its partnership with
Sharjah Islamic Bank (SIB) to introduce a range of advanced cash management services aimed at

enhancing operational efficiency and financial service delivery.

This collaboration underscores the commitment of both organisations to streamline cash handling

processes, enhance security, and optimise cash flow management for SIB and its valued customers.

As part of this partnership, CashTrans will deliver secure and customised Cash-in-Transit (CIT)

solutions designed to meet SIB’s operational needs. Through its state-of-the-art logistics network,

armoured fleet, and highly trained personnel, CashTrans ensures the safe and timely transportation
of cash, reflecting SIB’s focus on security and reliability.

The partnership encompasses a comprehensive suite of services, including secure CIT operations
and efficient cash processing. These offerings will be supported by CashTrans’ advanced cash

centre facility, which will handle currency processing and provide secure banknote vaulting on

behalf of SIB.

Commenting on the partnership, Hakam Abu Zarour, COO at Sharjah Islamic Bank, said: "At

SIB, our objective is to streamline the cash cycle process with seamless transportation of daily
cash and to be carried out with the highest security and reliability standards. Our strategic

partnership with CashTrans empowers us to streamline cash flow between our branches, minimize

losses, reduce risks and gain better control over cash deposits.”