logo
SIB wins Sharjah Gulf Excellence Award 2024

SIB wins Sharjah Gulf Excellence Award 2024

Sharjah 2426-06-2025
This honour follows the recent inclusion of the bank in the "Top 100 Companies in the Middle East for 2024" list, according to Forbes magazine, a clear indication of its strong institutional performance and its sustainable and innovative business model.
Supporting Investment in Vital Sectors Locally and Regionally, Enhancing National Economic Competitiveness, and Establishing Sharjah as a Leading Business and Innovation Hub
On this occasion, His Excellency Mohamed Abdalla, CEO of Sharjah Islamic Bank, said: "We draw inspiration for all our initiatives and strategic directions from the wise vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, may God protect him, which drives us toward excellence and leadership. At Sharjah Islamic Bank, we are committed to being an active part of the economic system by supporting investment in vital sectors locally, regionally, and globally, enhancing the competitiveness of the national economy, and reinforcing Sharjah's position as a leading center for business and innovation."
He added: "We will continue to reinforce a culture of innovation and responsibility at SIB, moving forward with pioneering banking initiatives that have a real impact on society and the economy. This includes empowering entrepreneurs, supporting small and medium-sized enterprises, and expanding our regional partnerships to contribute to comprehensive and sustainable development. This aligns with our vision of providing a renewed banking model that supports national and Gulf aspirations." He also pointed out that this recognition reflects the trust institutions place in our message and the SIB's approach, which is based on sustainability through advanced financial solutions that meet the aspirations of various segments of society and align with the UAE's vision in the financial sector.
A Financial Institution Committed to Excellence
This award represents a new milestone in the continued success of Sharjah Islamic Bank, reinforcing its status as a leading financial institution committed to excellence and contributing effectively to driving the economy forward according to the highest global standards. This recognition adds to the SIB's growing portfolio of awards and achievements at the local, regional, and international levels in various sectors, including institutional innovation, banking services, sustainability, and corporate social responsibility.
It is worth noting that the " Sharjah Excellence Award" is one of the most prestigious institutional awards in the region. Launched in 1990 under the umbrella of the Sharjah Chamber of Commerce and Industry, the award aims to enhance competitiveness, foster a culture of quality and excellence, and encourage institutions to adopt best administrative and economic practices. This aligns perfectly with the approach adopted by SIB in all its operations and initiatives.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SIB fosters saving culture among children
SIB fosters saving culture among children

Gulf Today

time02-08-2025

  • Gulf Today

SIB fosters saving culture among children

Sharjah Islamic Bank (SIB) has organised a series of educational workshops in collaboration with Sharjah Children, a subsidiary of Rubu' Qarn Foundation for Creating Future Leaders and Innovators, as part of its efforts to enhance financial awareness among the younger generation. The initiative, designed to instil saving habits and basic financial planning skills, involved 13 workshops across various Sharjah Children centres. More than 260 children aged 9 to 12 participated in the sessions, which featured interactive, age-appropriate activities to make financial concepts accessible and memorable. Hassan Al Balghouni, Head of Corporate Communications and Customer Awareness at SIB, said the bank views early financial literacy as an essential investment in future generations. He said, 'These workshops are part of our social responsibility strategy and aim to shape responsible financial behaviours from an early age through simplified, engaging content.' The workshops began with storytelling sessions that introduced key saving concepts, followed by hands-on activities simulating real-life scenarios. Each session concluded with a prize draw to reward engagement and encourage the adoption of sound financial habits. Noura Al Shamsi, Deputy Director of Sharjah Children, said the collaboration supports the goal of equipping children with essential life skills. 'Financial literacy is a fundamental component of personal development, and our programmes integrate interactive tools to reinforce responsible habits such as budgeting and saving.' She noted that introducing financial concepts in a simplified and engaging manner aligns with the UAE's vision for financial sustainability and supports the country's knowledge-based development goals. These workshops are part of a broader programme by SIB's Customer Education and Awareness Unit, which leads several community initiatives promoting financial literacy. Recent efforts included the 'Zoud' campaign for government employees, sessions with Badiri Academy under NAMA Women Advancement Establishment, and summer awareness lectures at Al Bataeh Club. The unit also launched the 'Hafiz Ala Feloosek' initiative during the Dhai Festival and collaborated with Sharjah Broadcasting Authority to air the financial education programme 'Your Financial Advisor.' These efforts reflect SIB's ongoing commitment to empower individuals with practical financial skills and support long-term financial sustainability across the UAE. WAM

Abu Dhabi office market strengthens with record occupancy, rental growth: Report
Abu Dhabi office market strengthens with record occupancy, rental growth: Report

Arabian Business

time30-07-2025

  • Arabian Business

Abu Dhabi office market strengthens with record occupancy, rental growth: Report

Abu Dhabi's office market recorded sharp rental and occupancy growth in the second quarter of 2025 as demand for Grade A space outpaced supply. According to Savills' latest Market in Minutes report, the emirate's non-oil economy grew by 6.1 per cent year-on-year in the first quarter of 2025, contributing more than 56 per cent of total GDP. Abu Dhabi office market booms The Central Business District (CBD) saw a 42 per cent year-on-year increase in rental rates, while Outer CBD rents rose 18 per cent. City Gate Tower and Abu Dhabi Global Market (ADGM) recorded annual rental uplifts of 43 per cent and 30 per cent respectively, with ADGM rents ranging from AED 2,800 to AED 3,500 per square metre per year. Stephen Forbes, Head of Abu Dhabi at Savills Middle East, said: ' Abu Dhabi continues to attract a diverse mix of regional and international occupiers, and the recent expansion of ADGM into Al Reem Island has only amplified that appeal. As more global firms establish a presence in the capital, we're seeing a clear shift toward larger, high-quality spaces. Demand remains strong, particularly across financial services, consulting, and tech, a sign of growing business confidence and Abu Dhabi's rising stature as a global commercial hub.' In the first quarter of 2025, ADGM completed its jurisdictional expansion to Al Reem Island, adding nearly 500,000 sq m of office space. By the end of that quarter, the total number of operational firms within ADGM rose to 2,781, a 43 per cent increase from a year earlier, while financial services entities grew by 26 per cent. The workforce on Al Maryah Island expanded by 17 per cent to over 29,000 employees. Approximately 100,000 sq m of new office space is expected to be delivered this year, including projects in Masdar City Square and Yas Place. Another 100,000 sq m is planned by 2027 from projects such as One Maryah Place and Saadiyat Business Park. Savills expects continued upward pressure on prime rents through the remainder of 2025.

Abu Dhabi office market displays strength amid record occupancy and rental growth, reports Savills
Abu Dhabi office market displays strength amid record occupancy and rental growth, reports Savills

Zawya

time30-07-2025

  • Zawya

Abu Dhabi office market displays strength amid record occupancy and rental growth, reports Savills

Abu Dhabi's office market continues to strengthen in Q2 2025, as tight supply and rising demand push occupancy and rental rates for Grade A spaces to record highs, according to the latest Market in Minutes report by global real estate advisor Savills. The emirate's non-oil economy grew by 6.1% year-on-year in Q1 2025, now contributing over 56% of Abu Dhabi's total GDP, a testament to the government's ongoing diversification efforts. This economic momentum is translating into growing business confidence, strong leasing activity, and heightened demand for high-quality office space. The Central Business District (CBD) submarket recorded a 42% year-on-year increase in rental rates, while Outer CBD areas experienced an 18% rise. Prominent buildings such as City Gate Tower and Abu Dhabi Global Market (ADGM) saw annual rental uplifts of 43% and 30%, respectively. Within ADGM, rents now range between AED 2,800 and AED 3,500 per sq m per annum. Occupier activity in H1 2025 was led by BFSI, consulting, technology, and hedge fund sectors, with a growing number of requirements for larger units between 10,000 and 20,000 sq ft. Stephen Forbes, Head of Abu Dhabi at Savills Middle East said, 'Abu Dhabi continues to attract a diverse mix of regional and international occupiers, and the recent expansion of ADGM into Al Reem Island has only amplified that appeal. As more global firms establish a presence in the capital, we're seeing a clear shift toward larger, high-quality spaces. Demand remains strong, particularly across financial services, consulting, and tech, a sign of growing business confidence and Abu Dhabi's rising stature as a global commercial hub.' In Q1 2025, ADGM completed its jurisdictional expansion to Al Reem Island, adding nearly 500,000 sq m of office space. By the end of that quarter, the total number of operational firms within ADGM rose to 2,781, a 43% increase year-on-year, with financial services entities growing by 26%. Al Maryah Island's workforce has also expanded by 17%, now exceeding 29,000 employees. New supply remains limited, with approximately 100,000 sqm of space expected to be delivered in 2025, including projects in Masdar City Square and Yas Place. High pre-leasing activity in these developments signals robust demand. Looking ahead, an additional 100,000 sqm is scheduled for delivery by 2027 from key projects like One Maryah Place and Saadiyat Business Park. With the market's fundamentals remaining strong, Savills anticipates continued upward pressure on prime rental values for the remainder of 2025. For further insights and detailed analysis, download the full Abu Dhabi Office Market in Minutes Q2 2025 report from here. About Savills Middle East: Savills plc is a global real estate services provider listed on the London Stock Exchange. With a presence in the Middle East for over 40 years, Savills offers an extensive range of specialist advisory, management and transactional services across the United Arab Emirates, Oman, Bahrain, Egypt, and Saudi Arabia. Expertise includes property management, residential and commercial agency services, property and business assets valuation, and investment and development advisory. Originally founded in the UK in 1855, Savills has an international network of over 700 offices and associates employing over 40,000 people across the Americas, UK, Europe, Asia Pacific, Africa, and the Middle East. For further information, please contact: Savills press office:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store