Sharjah Islamic Bank enters into partnership with Noqodi

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
Sharjah Islamic Bank-Noqodi Partnership
Officials during the signing ceremony | WAM

Sharjah Islamic Bank (SIB) has entered into a strategic partnership with Noqodi, a leading financial technology company and payments gateway owned by Emaratech Group.

This collaboration aims to significantly improve the digital and electronic payment offerings available to SIB’s corporate and individual business customers.

The agreement was signed at SIB headquarters by Hakam Abu Zarour, Chief Operating Officer of SIB, and Zahi Kallab, General Manager of Noqodi, in the presence of senior representatives from both organizations.

Through this partnership, SIB’s business clients will gain access to a broader range of digital payment solutions for seamless fee payments across various services and products.

Abu Zarour said that this contributes to the continuous support of our customers to facilitate their access to innovative digital solutions and simplify their day-to-day commercial operations.

The SIB COO further noted that, “We also aim to provide our customers with a wide array of fast and convenient payment options, which allow them to manage and track their payments with efficiency and ease, in collaboration with companies and platforms with high expertise and efficiency in this field.”

“We at Noqodi are committed to crafting seamless digital payment experiences through strategic collaborations with banks. Our partnership with Sharjah Islamic Bank represents a significant step towards enhancing financial services for businesses,” Zahi Kallab noted.

Earlier this month, Sharjah Islamic Bank (SIB) announced that the bank registered robust growth, achieving a 31 percent surge in net profits to $229.11 million (AED841.5 million) in 2023, compared to $177 million (AED650.9 million) in 2022.

Trending | NBO unites with UnionPay to drive mobile payments