Sharjah24: Sharjah Economic Development Department “SEDD” signed an MOU with “RUYA” Community Islamic Bank L.L.C which aimed at developing the services provided to customers and improving them. This agreement comes within SEDD’s concerns to enhance economic development in the emirate by providing facilities to investors and granting the bank options for electronic inquiry about economic establishment licenses to facilitate the investor’s journey in opening bank accounts. The MOU was signed by HE Hamad Ali Abdalla Al Mahmoud, SEDD Chairman and Mr. Christoph Koster, CEO of RUYA Islamic Bank.
This MOU stated that the two parties are obligated to work together thus to enhance cooperation prospects in the field of facilitating the procedures for inquiring about licenses for investors and providing value-added services to customers. In addition, SEDD will be responsible for providing the Bank with the digital systems services that facilitate the process of viewing those registered in the economic licenses system by using e-linking between them.
It should be noted that this MOU between SED and “RUYA” comes within the concerns of both parties to achieve UAE’s directives to work on making customers satisfied and providing distinguished government services through innovative channels, in cooperation with the public and private sectors, to contribute to facilitating transactions related to the business sector and providing a suitable environment for prosperity and growth in Sharjah.
From one side, HE SEDD Chairman pointed out that the Department focuses on supporting and developing the services provided to the business sector in Sharjah in line with its strategy to provide integrated and distinguished services to investors, which contributes to supporting business growth and achieving sustainable economic development in the emirate. HE added that SEDD is confident that this partnership will open new opportunities for cooperation between the government and banking sectors, and will contribute to attracting more investments and enhancing the emirate’s position as a leading economic and investment center.
Likely, HE Al Mahmoud explained that the Department seeks to strengthen its relationship with the private sector to identify the needs of the business sector and provide more facilities to it, therefore to enhance economic growth and consolidate Sharjah's position on the list of the most important global commercial and economic centers.
Commenting on this MOU, Mr. Christoph Koster, CEO of RUYA Islamic Bank said that the Bank is pleased with signing the MOU with SEDD. He emphasized that this agreement will provide services that will enable “RUYA” to obtain the necessary information about the commercial licenses of companies registered with the Department directly through their branch and various digital channels. Also, he clarified that this MOU will help the bank to improve and enhance the experience of its valued customers.
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