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2/26/25, 8:59 AM Sharjah Islamic Bank partners with CashTrans to enhance cash management services | mea-finance.com
Sharjah Islamic Bank partners with CashTrans to enhance cash

management services

SIB has strategically partnered with CashTrans to support its financial operations with a robust cash management solution.
By MEA Finance - February 24, 2025

CashTrans, a leading provider of cash management solutions and a subsidiary of Al Ansari Financial Services PJSC, partners 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.”

“This strategic partnership highlights the shared vision of CashTrans and Sharjah Islamic Bank to deliver seamless, high-quality cash management solutions
while maintaining the highest industry standards,” said Muhammad Haroon, Head of Operations at CashTrans. “We are honoured to support SIB in
enhancing its cash management operations.”

With this collaboration, CashTrans and SIB aim to solidify their positions as leaders in the banking and financial services sector, embracing innovation to meet
the evolving needs of customers and businesses alike.

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