Sharjah Islamic Bank

Sharjah Islamic Bank (SIB) was established in 1975 by an Emiri decree from His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi, the ruler of Sharjah.

Initially operating as a conventional bank under the name National Bank of Sharjah, it transitioned to a fully Sharia-compliant Islamic bank in 2002, aligning all its products and services with Islamic finance principles.

Headquartered in the Emirate of Sharjah, United Arab Emirates, SIB offers a diverse range of Sharia-compliant retail, corporate, and investment banking solutions through an extensive network of branches across the UAE.

The bank is committed to providing financial services grounded in Islamic values, offering products that avoid interest (riba) and speculative transactions (gharar) and instead focus on profit-sharing, leasing, and partnership models.

SIB serves individuals, businesses, and institutional customers, supporting economic growth and community development while emphasizing trust, partnership, and equality. The bank has won numerous awards recognizing its business excellence, customer service, information security management, and Emiratization efforts.

Sharjah Islamic Bank also engages in real estate through its subsidiary ASAS Real Estate and maintains socially responsible initiatives that strengthen its relationship with customers and stakeholders.

Leveraging digital innovation, SIB launched online and mobile banking platforms, including a digital account that enables customers to open accounts electronically without branch visits.

Financially robust, SIB reported a net profit of AED 650.9 million in 2022, solidifying its position as a key player in the UAE’s Islamic banking sector with a dedication to sustainable growth and community impact.