SIB wins Sharjah Gulf Excellence Award 2024

June 26, 2025 / 4:01 PM

Sharjah24: Sharjah Islamic Bank (SIB) was awarded the Sharjah Excellence Award (SEA) in the 'Sharjah Gulf Excellence' category for its 2024 edition, organised by the Sharjah Chamber of Commerce and Industry. This recognition comes in appreciation of the SIB’s significant initiatives and institutional achievements, which have played a key role in cementing its position as one of the leading banking institutions in the UAE and the region.

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.