Why Choose Sharjah Islamic Bank for Your Savings Accounts?

Why Choose Sharjah Islamic Bank for Your Savings Accounts?

Sharjah Islamic Bank

Product/Service

Description

Fees (AED)

Account Opening

Savings or Current Account Opening Fee

Typically Free

Monthly Account Maintenance

Monthly fee for account maintenance

Varies by Account Type

Cheque Book

Issuance of a new cheque book

Approximately 50 - 100

ATM Withdrawal (Outside Network)

Fee for using ATMs outside SIB network

Approximately 2 - 5

Overdraft Facility

Charges for overdraft services

Interest-based, varies

Personal Finance

Processing fee for personal loans

Typically 1% - 2% of Loan Amount

Credit Card Annual Fee

Annual fee for credit card

Approximately 100 - 500

Late Payment Fee

Fee for late payments on loans or credit cards

Approximately 200 - 500

Foreign Currency Transactions

Fee for foreign currency transactions

Approximately 1% - 3%

Islamic Home Finance

Processing fee for home finance

Varies by Finance Type

Islamic Car Finance

Processing fee for car finance

Varies by Finance Type

Account Closure

Fee for closing an account (if applicable)

Typically Free

In the UAE, whether you want a financial solution or access to funds, Banks are reliable and prefer options. Sharjah Islamic Bank (SIB) is the premier financial institution that allows you to manage your finances easily. It was founded in 1975 and is operated under Islamic principles in this beautiful country. Moreover, the commitment of Sharjah Islamic Bank to customer satisfaction and Sharia law enhances your experience. In this detailed blog, we will explore services and account openings with Sharjah Islamic Bank.

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Services Offered by Sharjah Islamic Bank

Personal Banking 

The Bank offers you an extensive range of savings accounts, current accounts, and fixed deposit accounts. In Sharjah Islamic Bank, customers can avail of the option of services like personal finance and home finance. Furthermore, you can also experience Islamic credit cards that offer you financial flexibility.

Business Banking 

Sharjah Islamic Bank allows you to experience corporate accounts that offer an extensive range of banking services and access to funds. Moreover, in this bank, customers can also avail of the option of services like trade finance and project finance.

Digital Banking

In the UAE, If you choose Sharjah Islamic Bank then you can access services like online banking and mobile app. Moreover, it also allows you to manage your account, transfer your funds, and pay bills from anywhere.

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Branches of Sharjah Islamic Bank (SIB) in the UAE

Branch Name

Location

Address

Contact Number

Operating Hours

Head Office

Sharjah

Al Zahra, Sharjah

+971 6 572 5500

Sunday - Thursday: 8:00 AM - 3:00 PM

Sharjah Branch

Sharjah

Bank Street, Sharjah

+971 6 568 7777

Sunday - Thursday: 8:00 AM - 3:00 PM

Al Gulaya’a Branch

Sharjah

Al Gulaya’a, Sharjah

+971 6 532 5577

Sunday - Thursday: 8:00 AM - 3:00 PM

Dubai Mall Branch

Dubai

Dubai Mall, Dubai

+971 4 329 8666

Sunday - Thursday: 10:00 AM - 10:00 PM

Deira Branch

Dubai

Deira, Dubai

+971 4 221 8888

Sunday - Thursday: 8:00 AM - 3:00 PM

Al Ain Branch

Al Ain

Al Ain City

+971 3 751 7500

Sunday - Thursday: 8:00 AM - 3:00 PM

Ras Al Khaimah Branch

Ras Al Khaimah

Ras Al Khaimah City

+971 7 228 6000

Sunday - Thursday: 8:00 AM - 3:00 PM

How to Create an Account with Sharjah Islamic Bank

In the UAE, you can use various methods to create an account with Sharjah Islamic Bank. Moreover, methods like online and visiting a branch are reliable options in this bustling country.

Select  your Account Type

Firstly, you have to choose the type of account that you want to create with Sharjah Islamic Bank. Moreover, the most common options in the UAE are savings and current accounts.

Gather Required Documents

Whether you want to create a current or savings account, it is vital to provide the required documents to start the process. Moreover, you must have documents like a UAE National ID, Valid Passport, Proof of Address, and Proof of Income.

Visit a Branch or Apply Online

For account opening, you have to find the nearest Sharjah Islamic Bank branch. Moreover, for this purpose, you can also visit the official Sharjah Islamic Bank website. 

Fill Application Form

The next vital step is to fill out the form with attention by providing your contact information and personal details.

Submit Documents

After reviewing the information, you have to provide or upload all required documents to create an account.

Verification Process

When the application is submitted, Sharjah Islamic Bank will review and start a verification process of documents.

Account Activation

At last, after verification, you will receive your account details like account number, debit card, and checkbook.

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Tips for Maximizing Experience with Sharjah Islamic Bank

Utilize Digital Banking

Always prefer the Mobile app and online banking of Sharjah Islamic Bank, as it allows you to manage your funds from anywhere.

Secure Your Banking Details

Whether you are in the UAE or not, it is vital to secure your account details like PIN code. Furthermore, it is good to avoid sharing your account details with anyone for your peace of mind.

Understand Sharia Compliance

An understanding of the Islamic banking of SIB allows you to make informed decisions according to sharia principles. So, if you understand concepts like how profit is earned on savings and investments it offers you comfort.