Sharjah Islamic Bank (SIB) has unveiled SIB Pay, a comprehensive digital payments platform designed to accelerate the UAE’s transition toward a cashless economy. The platform, the first of its kind launched by a Sharjah-based bank, supports the UAE Vision 2031 by promoting secure, efficient, and inclusive electronic transactions.
Empowering Businesses and Government Entities
SIB Pay offers an integrated suite of payment tools tailored for government entities and businesses of all sizes. The platform enables seamless, Sharia-compliant transactions and enhances digital payment adoption across key sectors.
Key Features of SIB Pay:
- QR Code Payments compatible with major e-wallets and banking apps
- Soft POS functionality that turns Android smartphones and tablets into payment terminals
- E-commerce Payment Gateway for secure online transactions across websites and mobile apps
- Pay by Link for instant payment requests via SMS or email
- Card Tokenisation for encrypted storage and one-click recurring payments
These tools combine to deliver greater convenience, flexibility, and security for both merchants and consumers — while driving nationwide financial inclusion.
Advancing the UAE’s Digital Vision
Nabil Abou Alwan, Head of Retail Banking at Sharjah Islamic Bank, said the launch represents a major step forward in digital banking innovation.
“SIB Pay reflects our strategic commitment to empowering businesses and simplifying transactions through secure and innovative technology,” he noted.
“It supports the UAE’s broader digital transformation goals under Vision 2031 and will redefine how companies and institutions engage with customers through smarter, faster, and more secure payment solutions.”
By offering a unified, Sharia-compliant digital payment ecosystem, Sharjah Islamic Bank reinforces its leadership in secure and inclusive financial innovation — positioning Sharjah as a growing hub for fintech excellence within the UAE.
