The Sharjah Real Estate Registration Department (Sharjah RERD) has signed a memorandum of cooperation with Emirates Islamic Bank (EIB) aimed at establishing a direct electronic link between the two entities. This initiative is part of the department’s broader strategy to digitize its services and improve the efficiency of real estate registration and financing procedures, aligning with the Sharjah government’s efforts toward digital transformation and the provision of smart, interconnected services.

The memorandum was officially signed by Abdul Aziz Ahmed Al-Shamsi, Director General of Sharjah RERD, and Farid Al Mulla, Chief Executive Officer of Emirates Islamic. The signing ceremony was attended by several directors and officials from both organizations.

This agreement signifies a significant advancement in simplifying real estate transactions related to banking services. It also focuses on providing comprehensive mortgage services and encompasses all necessary actions such as registering, amending, canceling, and releasing mortgage contracts. Furthermore, it permits Emirates Islamic to utilize the department’s electronic system, facilitating electronic inquiries, verifications, and compliance transactions in accordance with applicable legislative controls.

The electronic linkage will be implemented using the latest encryption protocols and top-tier data protection standards, ensuring the confidentiality and integrity of shared information without requiring physical presence. This development is expected to reduce the time and effort required by customers while enhancing the accuracy and quality of operations.

In this context, Abdul Aziz Al-Shamsi stated that this partnership is part of ongoing efforts to improve the real estate business environment in Sharjah and to achieve a high level of digital integration between government agencies and financial institutions. He emphasized that it would support the quality of life and stimulate business in the emirate.

Farid Al Mulla, CEO of Emirates Islamic, expressed pride in collaborating with the Sharjah Real Estate Registration Department on this initiative to streamline mortgage services. He highlighted that this partnership underscores their commitment to being leaders in driving digital innovation to enhance customer experiences.

Overall, this agreement extends the department’s initiatives to enhance the digital infrastructure of its systems, allowing partners to access services remotely. It is anticipated to support Sharjah’s vision of developing smart government operations and fostering economic and real estate growth through strategic collaborations with the private sector.