Sharjah Islamic Bank Current Account

Bank Accounts in the UAE

Sharjah Islamic bank is one of the fully Shariah-compliant financial institutions in the UAE. It is headquartered in the Emirate of Sharjah and caters to the banking requirements of UAE residents. You can find numerous banking services with the bank that can be tailored to your specific requirements. 

In this article, we will exclusively focus on all the major details related to the Sharjah Islamic Bank Current account like its features and benefits, eligibility criteria, documents required, and different banking channels. Apart from these, you will also gain an in-depth insight into how to open a Sharjah Islamic Bank Current account, how to close this account, and more. 

Benefits and Features of Sharjah Islamic Bank Current Account 

Sharjah Islamic bank provides numerous benefits to those having a current account with them. Listed below are the top features and benefits of the SIB current accounts - 

Personal Current Account 

  • Multiple currencies are accepted for this bank account - AED, GBP, EUR, and USD 
  • You can get a free debit card upon opening the SIB current account 
  • By turning on the SMS alert on smartphones, you can stay updated with regular updates related to your Sharjah Islamic Bank Current accounts 
  • As a customer of the SIB current account, you can keep track of your monthly spending by subscribing free monthly bank e-statements 
  • You can login and access your Sharjah Islamic Bank Current accounts with ease and convenience through online and mobile banking 
  • The customer support team is available round the clock to instantly provide the required assistance 
  • There are more than 150 Sharjah Islamic Bank ATMs across the UAE. 
  • SIB current account holders can have access to over 27 airport VIP lounges 

Business Current Account

  • As a business SIB current account holder, you can have regular updates of your account upon subscribing to the SMS service 
  • You can download free monthly bank e-statements to evaluate and keep a record of your monthly transactions 
  • The business Sharjah Islamic Bank Current account accepts numerous currencies, i.e., AED, GBP, USD, and EUR 
  • With the ease of remote banking, you can access your respective accounts via online and mobile banking without being required to visit any of the bank branches
  • Customer care representatives of Sharjah Islamic bank are available 24*7 to provide assistance 

Sharjah Islamic Debit Card

What are the Different Modes of Sharjah Islamic Bank Current Account Banking?

As a user of the Sharjah Islamic Bank Current account, you can access your bank accounts through multiple channels. We have explained the different types of SIB banking modes available and their benefits below -   

Online Banking 

Preferred by most individuals, online banking allows easy access to the bank account and related services anytime from anywhere in the world. You can conveniently log into your bank accounts online and fulfil your requirements. 

  • DEWA, SEWA, FEWA, and Salik payments can be made on the go 
  • Easy and instant card activation and card blocking 
  • Open new accounts such as Sharjah Islamic Bank Current Account and other SIB accounts instantly 
  • Existing customers of SIB can keep their profiles updated by instantly updating their personal information whenever required 
  • Get chequebooks and certificate requests 
  • Get special transaction fees upon using online banking for transactions 
  • Enjoy free remittances to India and Pakistan 

Mobile Banking 

With the recent technological developments, financial institutions including SIB have introduced mobile banking that is pretty easy in terms of accessibility. You can effortlessly use mobile applications to enjoy banking services in an instant at your fingertips. The SIB mobile application is available on both the Apple Store and the Google Play Store. 

Here are the key benefits of this app -   

  • You can update your personal information whenever required by accessing their bank portal instantly 
  • Obtain chequebooks and certificate requests 
  • Avail of free remittances to India and Pakistan 
  • UAE nationals and expats can apply for any SIB account easily with just a few taps 
  • Make bill payments such as Salik, DEWA, SEWA, FEWA, and other transactions easily and instantly
  • You can conveniently activate and block your credit cards and debit cards if required 

SMS Banking 

Yet another option to access your account is to enable your subscription to the SMS service, using which you can receive daily updates of your existing SIB accounts. Upon subscribing to the service, you would need to send an SMS to 6677 in a pre-defined format. 

To obtain information about your bank account such as the remaining balance, transactions, account summary, and so forth, you can simply send an SMS with the specific code for the same. 

Check out the following table to find all the relevant SMS codes - 

Service Request Service Code Service Code Text
Account Balance AB AB (A/C Number)
Account Summary AS AS or AS (CIF)
Fixed Deposit FD FD
Last 5 Transactions LF LF (A/C Number)
Last Month Profit Rates   PR PR
Exchange Rates EX EX or EX (Currency Code)
Balance Order Detail BO BO (A/C Number)
Standing Order Detail SO SO (A/C Number)
New Account NA NA (Old A/C Number)
Language Switch Mode LM LM (Language Code)
IBAN IBAN IBAN (A/C Number)
Opt-In OPTIN OPTIN
Opt-Out OPTOUT OPTOUT
Help HL HL
Deal Info DI DI

Phone Banking 

As a customer of a Sharjah Islamic Bank Current account, you can also use the phone banking service to acquire information regarding your accounts or even clarify queries if any. All you need to do is visit the official website of SIB and navigate to the ‘Contact Us’ section. Once the page opens, simply provide accurate details and type in the query in the given message box. 

Once you submit it, you can wait for the response from the bank. In case you wish to contact the 24*7 customer care team, you can even dial +97165999999 (within the UAE) as well.  

Offline Banking 

If you wish to have one-to-one communication with SIB bank officials, you can pay a visit to your nearest bank branch and clarify queries or seek assistance with any service. Make sure that you carry all the relevant documents, if applicable.

What are the Eligibility Criteria for Sharjah Islamic Bank Current Account? 

As an applicant, you would be required to meet certain requirements to be qualified to open a Sharjah Islamic Bank Current account. The following table enlists the eligibility criteria -

Eligibility Criteria for Opening a Personal Sharjah Islamic Bank Current Account
  • You must be at least 21 years old or above
  • You must maintain a monthly minimum balance of AED 3,000
Eligibility Criteria for Opening a Business Sharjah Islamic Bank Current Account
  • A valid trade licence would be required
  • You would have to maintain a monthly minimum balance of AED 15,000

What are the Documents Required for Sharjah Islamic Bank Current Account? 

Before applying for any of the Sharjah Islamic Bank Current accounts, you must keep a few crucial documents handy to avoid last-minute hassles. 

Listed below are the documents required to open an SIB account -   

Documents Required for Personal SIB Current Account 

  • Original Emirates ID
  • Original and valid passport
  • Bank statements for the past 6 months 
  • Salary certificate (original)  

Note: The list of documents mentioned above is applicable to both UAE nationals and expatriates  

Open Sharjah Islamic Bank Account

Documents Required for Business SIB Current Account  

  • Original trade licence 
  • Original Emirates ID of the owner 
  • Original passport of the owner
  • Bank statements of the past 6 months (for old trade licence) 
  • Bank statements of the past 6 months of the owner (for new trade licence) 
  • Memorandum and Articles of Association (if applicable) 
  • Commercial registration 
  • Partnership Deed (if applicable) 
  • POA (if applicable) (Original EID and PP of POA) 
  • Board resolution (if applicable) 

How to Apply for Sharjah Islamic Bank Current Account? 

You can select any of the three methods discussed below to open a Sharjah Islamic Bank Current account - 

Via Policybazaar UAE

Policybazaar.ae brings the best accounts and financial services from the top providers in the UAE in one place. If you are seeking to apply for a Sharjah Islamic Bank Current account, whether for personal or business use, you can effortlessly apply for the same through our platform. Simply follow these steps -  

  1. Go to policybazaar.ae, our website
  2. Move to the ‘Banking Products’ menu at the top of the homepage
  3. Click on the ‘Bank Account’ option
  4. On the following page, select the account type and enter your name, contact number, email ID, monthly income, city, and nationality
  5. After providing all the required details, tap on the ‘View Quotes’ button
  6.  Apply filters to find the Sharjah Islamic Bank Current account
  7. Hit the ‘Apply’ button and go through the instructions prompted on the screen to complete the process 

Our website is easy to browse and allows you to conveniently access the top plans and their features in an instant. If any problems arise while performing the bank account application process, you can contact us directly at our phone number - 042472904.

Via Bank’s Official Website 

  1. On the official website of SIB, go to the ‘Personal’ menu and select ‘Current Account’ 
  2. Once the ‘Current Account’ profile page opens, scroll down and find the ‘Apply Now’ button 
  3. You will be directed to the ‘Accounts Form’ page 
  4. Enter your first name, last name, email address, mobile number, date of birth, employer, and monthly income. After that, select your desired account type, nationality, employment type, and the other required details. 
  5. Submit the form and go through the further instructions as prompted 

Note: If you want to apply for the business current account, simply select ‘Business’ instead of ‘Personal’ in the first step and follow the same set of instructions 

Via Offline Banking 

You can also go to your nearest branch of Sharjah Islamic Bank to apply for a Sharjah Islamic Bank Current account.  

How to Access Sharjah Islamic Bank Current Account? 

Once you have your Sharjah Islamic Bank Current account opened, you must be aware of the different ways through which you can access the account. Discussed below are the various methods to sign into your SIB current account and use it - 

Via Online Banking 

  1. Go to the official website of SIB 
  2. Tap on the ‘Online Login’ option on the right side 
  3. After you are redirected to the following page, select ‘Personal’ 
  4. Type in your user ID and tap on the ‘Secure Login’ option 
  5. Provide your password to log in to your account 

Via Mobile Banking 

After opening a Sharjah Islamic Bank Current account, you can download and install the SIB mobile app to use your account online. Sign in using your online banking credentials or set up a PIN/TPIN. Once your profiles appear on the screen, choose Sharjah Islamic Bank Current account to use its services. 

Via Offline Banking 

In case you face any issues in accessing your Sharjah Islamic Bank Current account online or have not registered for online banking, you can go to your nearest SIB bank branch. Once you are at the branch, you can connect with the bank executives and have one representative assigned to your case. 

How to Close Sharjah Islamic Bank Current Account?

In case you wish to close your Sharjah Islamic Bank Current account, you would be required to get in touch with the bank authorities either through a call at their designated phone number or have one-on-one communication by visiting their nearest bank branch. You can then simply follow the instructions given by the concerned representative to complete the process.  

Sharjah Islamic Bank Current Account - Fees and Charges

The table given below lists all the fees and charges related to the Sharjah Islamic Bank Current account -  

Personal Sharjah Islamic Bank Current Account

Types of SIB Current Account Charges Fees
Minimum Balance Required AED 3,000, USD 2,000, EURO 2,000, or GBP 2,000
Ledger Fee (In all currencies) AED 26.25
Account Closure Fee (In all currencies) AED 105
SMS Monthly Fee (Per account) AED 5.25
Paper Statement By Mail Per Statement AED 5.25
Additional Bank Statement for Each Month AED 26.25
Non-AED Cash Deposit / Withdrawal in Non-AED Account 1.05% (Minimum equivalent to USD 26.25)
Hold Mail AED 378
Transaction Fee at Branch Counter AED 10.50 (6 free per month)

Business Sharjah Islamic Bank Current Account

Types of SIB Current Account Charges Fees
Minimum Balance Required AED 3000, USD 2000, EURO 2000, GBP 2000
Ledger Fee (In all currencies) AED 26.25
Expired Trade Licence Fee AED 157.5 (Each Month)
Account Closure Fee (In all currencies) AED 105
SMS Monthly Fee (Per account) AED 5.25
Paper Statement By Mail Per Statement AED 5.25
Additional Bank Statement for Each Month AED 26.25
Non-AED Cash Deposit / Withdrawal in Non-AED Account 1.05% (Minimum equivalent to USD 26.25)
Hold Mail AED 378
Transaction Fee at Branch Counter AED 10.50 (6 free per month)

Jump on to the final article section to get answers to some frequently asked questions regarding the Sharjah Islamic Bank Current account!

Sharjah Islamic Bank Current Accounts Frequently Asked Questions

What are the minimum age criteria to apply for an individual Sharjah Islamic Bank Current account? 

Individuals must be at least 21 years old to qualify for an SIB personal current account. 

How can customers of Sharjah Islamic Bank Current account register for online banking? 

Here is how you can register your SIB account for online banking -  

  1. Open the official website of Sharjah Islamic bank and navigate to the ‘Online Login’ section
  2. Choose ‘Personal Account’ 
  3. Select ‘New User’ on the following page 
  4. Type in the registration details (your card or account number/verification code) 
  5. Go through the terms and conditions and agree to them 
  6. An authentication code will be sent to your registered mobile number 
  7. Enter it and create a new username and password 
Is there a SIB Current account for the business closure fee? 

Yes, the account closure fee for an SIB business account is AED 105.

What is the minimum monthly maintenance fee for the SIB Business Current account? 

SIB Business Current account holders must necessarily maintain a monthly amount of AED 15,000. 

Is it possible to link SIB debit cards with Apple Pay or Samsung Pay accounts?

Yes, customers of Sharjah Islamic bank with debit cards can link their cards with both Samsung Pay and Apple Pay. 

What is the SMS code to send an SMS to SIB regarding the account summary? 

The SMS code to check the SIB account summary is AS.

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