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Accounts & Deposits

We are committed to fair and honest banking, operating in a transparent and ethical manner throughout all of our operations. All of our products and services are shaped in accordance with Sharia’a principles, morals and ethics.

Current Account

Are you looking for the least minimum balance? Are you favoring financing your payments in a powerful & easy way, still Sharia'a complaint? SIB Current Account necessitates a minimum balance of 3,000 AED and based on the Islamic Qard Hasan conventions.

Call us on 06-5999999, 24 hours serving you.

Features & Benefits:

Access to deposits through ATM with your free debit card in selected locations
Complementary cheque book
Free monthly account statements & E-statement service
SMS Notification of account activities
Online Banking Services through your account on our website
Call center operating 24/7 free of charge
A minimum balance of 3,000 AED for individual & 5,000 AED for corporate required

Required Documents

Original passport & UAE National ID
Valid UAE residence visa for expatriates
Terms & conditions apply
Services & Charges

Saving Account

Do you wish to earn huge profits rates; Sharia'a compliant? SIB Saving Account offers individuals a way to share in profit distributions by investing your savings. Approaching the Mudarabah concept, the investments are placed in deposited funds and shares the profits between the bank and investors at the end of each month.

Call us on 06-5999999, 24 hours serving you.

Features & Benefits

Access to deposits through ATM with your free debit card in selected locations
E-statement service free of charge
SMS Notification of account activities
Online Banking Services through your account on our website
A minimum balance of 500 AED
Call center operating 24/7 free of charge

Required Documents

Original passport & UAE National ID
Valid UAE residence visa for expatriates
Terms & conditions apply
Services & Charges

Hassalati Account

Do you want to tutor your child how to save money? Sharjah Islamic Bank crafts your Hassalati Account in a superior approach. Joining the nom de plume of Sharjah Family Development Centers and your Sharjah Islamic Bank will adjoin to earning account base on the Mudaraba concept; that is Sharia'a compliant.

Call us on 06-5999999, 24 hours serving you.

Features & Benefits

Complimentary standing orders from parents account
SMS notifications of account activities
A minimum balance of AED 500
Your child can have Hassalati Account since day one of his birth till the age of 18

 
Show up at any of our branches with your original passport or your National ID and your child's birth certificate.

Required Documents

Original passport & UAE National ID
Valid UAE residence visa for expatriates
Terms & conditions apply
Services & Charges

Watani Account

Do you wish to be on condition of high net value of exclusive and elite banking, Sharia'a compliant experiencing and personalized services? Our Mudaraba based Watany Account is the priority banking at its superiority; embracing all Emiratis in all the UAE.

Call us on 06-5999999, 24 hours serving you.

Features & Benefits

Dedicated Watany Relationship Managers
Higher withdrawal ATM amounts
Access to deposits through ATM with your free debit card in selected locations
Fast track decisions on all finances
Exclusive rates for foreign exchange and other banking services
SMS Notification of account activities
Online Banking Services through your account on our website
Free monthly account statements & E-statement service
Call center operating 24/7 free of charge
A minimum balance of 100,00 AED

 
Emiratis are eligible and the required documents are either the original passport and/or UAE National ID.

Required Documents

Original passport & UAE National ID
Valid UAE residence visa for expatriates
Terms & conditions apply
Services & Charges

Payroll Pack Account

The Payroll Pack with SIB offers companies; regardless size, type, number of staff or Emirates location, enables the following:

Maintain a company Current Account with SIB
Open Payroll Saving Accounts for the staff, which gets a salary of AED 3,000 and above
Get Payroll Prepaid Cards for the staff who get a salary below AED 3,000
Smooth and hassle free salary transfer through the Workers Protection System (WPS)

 
Do you think starting a Payroll Relationship is a hassle? At SIB we offer you the uncomplicated process that helps you systematize your business.

Call us on 06-5999999, 24 hours serving you.

First

First Open a Current account with SIB

 
Second

Second The company's authorized signatories on the "Terms Sheet"

 
Third

Third Open Saving accounts for the employee earning a salary of AED 3,000 and above. Employee details should be entered in MS Excel Sheet as per our standard format (MS Excel Sheet sample) and should be saved on a CD

 
Fourth

Fourth Payroll Prepaid Card application forms to be filled out by the employees earning salary less than AED 3,000. (Application Form sample) Employee details should be entered in MS Excel Sheet as per our standard format (MS Excel Sheet sample) and should be saved on a CD

Required Documents

Original passport & UAE National ID
Valid UAE residence visa for expatriates

Fixed Deposit Account

Is finding a fixed deposit account earning high profit rates in a Mudaraba concept; Sharia’a Compliant, tough? SIB finds you well with our Fixed Deposit Account that invests deposited funds and shares the profits when declared at the end of each month.

Call us on 06-5999999, 24 hours serving you.

Features & Benefits

Call center operating 24/7 free of charge
SMS Notification of account activities
Online Banking Services through your account on our website
E-statement service free of charge
A minimum deposit amount 10,000 AED for individuals & 50,000 AED for companies
Exclusive investment periods (1, 3, 6, 9, 12) months