Sharjah
Sharjah Islamic Bank launched the “Joud” prepaid card in cooperation with the Sharjah Charity International, which enjoys a list of qualitative benefits and added value aimed at digitizing the process of transferring funds and monthly financial aid from the association to about 1,300 needy families. The cards are aimed at making it easier for those in need to obtain the financial support provided to them by the association in a safe and fast manner, using global payment methods that rely on electronic banking transactions instead of direct cash transactions. The announcement of the launch of the new card came during the signing ceremony of the Memorandum of Understanding between Sharjah Islamic Bank and the Sharjah Charity International, which was held on Monday, at the Society’s main headquarters in Samnan. The MoU was signed in the presence of Sheikh Saqr bin Mohammed bin Khalid Al Qasimi, Chairman of the Sharjah Charity International, and Mohamed Abdalla, CEO of Sharjah Islamic Bank and several senior employees of the bank and the association. Sheikh Saqr bin Mohammad bin Khalid Al Qasimi signed the Memorandum of Understanding on behalf of the Sharjah Charity International and Mohamed Abdalla, on behalf of Sharjah Islamic Bank. The “Joud” card is characterized by a wide range of services that can be used inside and outside the UAE, as well as for secure purchase via the Internet. It is intended only for cases benefiting from the monthly assistance of the Sharjah Charity International so that the value of the aid is deposited on it monthly and the recipient spends the aid through this card, whether withdrawing in cash or via purchases through Sharjah Islamic Bank ATMs without fees for withdrawals. Sheikh Saqr bin Mohammed bin Khalid Al Qasimi, Chairman of SCI, said, “We appreciate the efforts of Sharjah Islamic Bank in cooperation with the Sharjah Charity International to do what serves the needy families and make it easier for them. There is no doubt that the Joud Card, which was agreed and issued by Sharjah Islamic Bank, is a dedicated card given to needy families who are registered as part of the monthly aid so that they can through it receive their monthly dues.—Agencies
