Sharjah Islamic Bank
Sharjah
https://www.sharjahislamic.ae
Sharjah Islamic Bank (SIB), initially known as the National Bank of Sharjah, is a publicly listed Islamic bank with its headquarters in the emirate of Sharjah, United Arab Emirates. Founded in 1975, SIB has grown to become a global player in the banking industry, renowned for its commitment to Islamic banking principles. It operates its banking, financing, and investing activities in accordance with Islamic Shari'a, ensuring all its transactions and dealings are characterized by honesty, integrity, and transparency.
Services and Operations
SIB provides a wide selection of Shari'a-compliant retail and commercial banking products and services. Its comprehensive range of personal banking services includes savings and current accounts, credit cards, personal finance, home finance, auto finance, and investment opportunities, among others. For businesses and high net worth individuals, SIB offers services such as corporate finance, trade finance, treasury and investment services, and wealth management. The bank also offers innovative digital banking solutions, enabling customers to conduct their banking transactions anytime, anywhere.
Awards and Recognition
Sharjah Islamic Bank's commitment to excellence in banking and finance has garnered it numerous awards and recognition. Recently, SIB was awarded the 2023 Dubai award for the Learning Culture of the Year. This recognition attests to the bank's commitment to continuous learning and improvement, both at an organizational level and in the development of its employees.
Global Presence
Despite its roots in Sharjah, SIB has a significant presence beyond the borders of the UAE. The bank has leveraged its robust financial position and innovative banking solutions to expand its reach globally, offering its services to a diverse clientele from different parts of the world. This international presence, coupled with its steadfast commitment to Islamic banking principles, has positioned SIB as a leading global player in the Islamic banking sector.
Main Branch Location
The main branch of Sharjah Islamic Bank is located at Al Khan Corniche, near Al Qasba Canal, Sharjah, UAE. However, the bank has other branches spread across the UAE, providing easy access to its services to customers all over the country.
Branches
Sharjah Islamic Bank, Mall of the Emirates Branch
Dubai Sheikh Zayed Road 783 Mall of the Emirates - Dubai
Sharjah Islamic Bank, Port Saeed Branch
Dubai - 13b street (Port Saeed 3, Sharjah Islamic Bank - Port Saeed - Dubai
Sharjah Islamic Bank, Sheikh Zayed Road Branch
Nassima Tower - 30 Sheikh Zayed Rd - Trade Centre - Trade Centre 1 - Dubai
Personal
Deposits
Features:
Sharia-compliant Mudarabah-based deposit. Offers financing up to 80% of deposit value.
Features:
Wakala-based deposit with higher expected profit rates. Financing up to 90% of deposit amount.
Mortgages
Features:
Only available for properties approved by the bank.
Features:
Disbursement based on construction milestones.
Car Loans
Features:
Sharia-compliant Murabaha financing; Quick approval process; Financing for new and used vehicles
Safe Deposit Lockers
Special Features:
Secure vault storage, dual key system
Special Features:
Secure vault storage, dual key system
Personal Loans
Features:
Islamic financing based on Murabaha/Ijarah structure with transparent fee details.
Features:
Provides additional liquidity while leveraging current finance relationships.
Savings Accounts
Business
Business Current Accounts
