Sharjah, (Urduupoint / Pakistan Point News / WAM – July 23, 2025) Sharjah Islamic Bank (SIB) has announced a strategic correlation agreement with Alavane Exchange, one of the largest exchange companies in Jordan’s Hashmite Kingdom.
This milestone agreement is an important step in increasing regional partnership and furthering border-rated solutions Betayen Jordan and UAE, making them sharp, more secure, eOFIINITION and cost effective.
The agreement was signed by Hakam Abu Zarore, COO of Sharjah Islamic Bank, and CEO of Alvane Exchange, Ayman Alvaneh, acting head of the UAE Embassy Jordan, Ayman Alvaneh; Saeed al -Aeri, Investment in SIB, head of Treasury and Financial Institutions; Representative of Central Bank of Jordan; Senior officials of both sides; And a select group of restrictions and professionals from the financial sector.
Under the agreement, the Antuvane Exchange became the first Jordan Exchange Company to signed a director with an Islamic bank at UAE, which strengthens the possession of Sharjah Islamic Bank as a leading institution in running financial integration and border cooperation. The partnership keeps the bank as an important link in the financial and trade connectivity between the GCC and the Levant region.
The purpose of this agreement is to simplify and optimize the capital flow between the two countries-providing smooth and more cost-effective transfer channels for individuals and businesses, and enhancing banking experience through the opening of AED account at Sharjah Islamic Bank on Behard, Alavan Exchange. This account will be enabled to safe and director disposal of both individual and commercial transfer.
Commenting on the agreement, Hakam Abu Zarore, COO of Sharjah Islamic Bank, said, “This agreement reflects SIB’s firm commitment to expand its network of regional partnerships. Alliances have been tied up with our vision to facilitate capital flow and provides Sharia-Campland financial services to support the growing commercial and financial activities between UAE and Jordan.”
He said, “The partnership also aligns with a comprehensive strategy to run innovation channels.
For his share, Ayman Alavane, CEO of Alavane Exchange, commented, “We are proud to sign the strategic agreement with the Sharjah Islamic Bank, which represents a major step in our journey, which expands our regional partnership and enhances revision services between Jordan and UAE customers.”
He said, “This agreement is based on our ongoing efforts to improve and benefit the advanced banking infrasting by Sharjah Islamic Bank. Financial inclusion and convenience will support the capital movement that benefits the national economy and meets our customers in our customers.”
