Sharjah Islamic Bank said in a statement distributed via the Emirates News Agency that it continues to back the Jaywan national payment scheme launched by the Central Bank of the UAE. The bank highlighted its role among participating institutions enabling real-time domestic transfers available around the clock. Officials at the lender noted that the move forms part of broader efforts to enhance customer experience through faster and more secure payment options. The statement emphasised seamless connectivity with other financial entities across the federation.
Central Bank of the UAE figures show Jaywan has handled increasing transaction volumes since its introduction, reflecting growing adoption of instant payment infrastructure among residents and businesses. Sharjah Islamic Bank reported that its systems are fully prepared to process incoming and outgoing transfers under the scheme without delays. The bank’s participation aligns with national objectives to reduce reliance on traditional payment methods that often require longer clearing times. Industry data from the regulator places the UAE among regional leaders in digital payment innovation.
The lender’s announcement detailed how Jaywan complements its existing array of Sharia-compliant digital products offered through mobile and online platforms. Customers holding accounts at Sharjah Islamic Bank will gain the ability to send and receive funds instantly to accounts at other member banks. According to the statement, this capability extends to salary disbursements, bill settlements and peer-to-peer transfers alike. The bank indicated that technical integration had been completed ahead of the reaffirmation to ensure uninterrupted service.
Emirates News Agency reported that Sharjah Islamic Bank’s support for Jaywan forms part of a wider industry shift toward unified payment rails that promote financial inclusion. The Central Bank of the UAE has previously stated that the platform operates on international standards for security and efficiency. Participation by major institutions including Islamic banks has widened the network’s reach since initial rollout. Sharjah Islamic Bank noted it would continue investing in related technology to maintain compliance with evolving regulatory requirements.
In the statement, the bank outlined plans to promote awareness of Jaywan among its client base through targeted educational campaigns and branch-level demonstrations. Executives described the scheme as a strategic enabler for smoother commercial transactions in sectors ranging from retail to real estate. The lender’s commitment also supports the UAE’s broader digital economy agenda as outlined in national development strategies. Additional enhancements to the bank’s payment ecosystem are expected in coming quarters.
Sharjah Islamic Bank, one of the longest-established Islamic financial institutions in the country, said the reaffirmation underscores its dedication to national initiatives that drive economic growth. The bank’s statement referenced ongoing collaboration with the Central Bank of the UAE on multiple fintech projects beyond Jaywan. Figures from the Central Bank of the UAE indicate that instant payment systems have contributed to a measurable rise in non-cash transactions over recent years. The announcement concluded by inviting customers to explore the new functionalities through the bank’s digital channels.
