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2/25/25, 9:27 AM Sharjah Islamic Bank Partners with CashTrans for Cutting-Edge Cash Management - Middle East News 247
NEWS DESK

Sharjah Islamic Bank Partners with CashTrans for Cutting-Edge Cash
Management

By News Desk 1 24/02/2025

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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