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2/25/25, 9:26 AM Sharjah Islamic Bank Partners with CashTrans for Cutting-Edge Cash Management

Sharjah Islamic Bank Partners with CashTrans Date
2025-02-24 07:21:42
for Cutting-Edge Cash Management

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(MENAFN- Orient Planet Group)
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.”
“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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