November 16th, 2025 - 09:50 GMT
Sharjah Islamic Bank (SIB) has announced that it has been awarded the 2025 “Elite Quality Recognition Award” by J.P. Morgan, one of the world’s largest and most established financial and investment institutions. The award recognizes the Bank’s exceptional Straight Through Processing (STP) rate of 99.77% for MT103 payments, underscoring the strength of its payments infrastructure and its ability to execute transactions with high levels of reliability, speed, and operational excellence in line with international best practices. Discussion of Global Payments Developments HE Ahmed Saad, Deputy CEO of Sharjah Islamic Bank ...