Sharjah Islamic Bank Hassalati Account

Bank Accounts in the UAE

Sharjah Islamic Hassalati account is one of the distinct banking products in the UAE for children. Besides helping them learn about the benefits of savings from the start itself, you can also familiarise your children with the different channels and modes of modern-day banking. 

This account is specifically designed for kids to teach them the nuances of managing personal finance and ensure that they learn to spend their funds wisely. In the article below, we will take a look at the Sharjah Islamic Bank Hassalati account, its features, benefits, eligibility criteria, documentation required, application procedure, and more.

Features and Benefits of Sharjah Islamic Bank Hassalati Account

Sharjah Islamic Bank Hassalati account is a fully loaded savings account for children and has numerous modern-day banking features to help you plan for your children's future requirements and educate them about finances as well.

The given section unravels the features and benefits of the Sharjah Islamic Bank Hassalati account – 

  • The minimum balance to be maintained in the Sharjah Islamic Hassalati account is AED 500. 
  • You can open the account right at your child’s birth and continue it until their 18th birthday
  • Sharjah Islamic Hassalati account is a profit-bearing account. As an account holder, you will get the profit applicable to the funds invested.
  • Currently, the profit rate on the Sharjah Islamic Bank Hassalati account is 0.750% per annum.
  • Accountholder will get free e-statements once every six months detailing the transactions.
  • Sharjah Islamic Bank Hassalati account offers the facility of free-standing orders from the parent's account. Simply put, as a parent, you can give instructions to the bank to transfer any amount from your account to your kid's account without any additional charges. This can help you build a corpus for your child's future.
  • As stated earlier, this account comes with modern banking features. For instance, you would be notified of each transaction via SMS.

Sharjah Islamic Debit Card

Eligibility Criteria for Sharjah Islamic Bank Hassalati Account

In order to open a Sharjah Islamic Bank Hassalati account, you must qualify the eligibility criteria mentioned below – 

  • You must not be older than 18 years
  • You should be a UAE resident 

Documents Required for Sharjah Islamic Bank Hassalati Account

While applying for a Sharjah Islamic Bank Hassalati account, you should keep the following documents ready for a smooth application process – 

  • Original Emirates ID and passport of the father or guardian of the applicant
  • Original Emirates ID, passport, and birth certificate of the applicant

Fees and Charges Associated with Sharjah Islamic Bank Hassalati Account

Listed below are the general fees associated with Sharjah Islamic Bank Hassalati account – 

Type of Service Fees Applicable
Ledger fee AED 26.25
Account closure fee  AED 105
SMS monthly fees (per account) AED 5.25 per month
Paper statement by mail per statement AED 5.25
Transaction fee at a branch counter AED 10.50 (6 free per month)
Hold mail AED 378
Additional bank statement for each month AED 26.25

How to Apply for Sharjah Islamic Bank Hassalati Account?

If you wish to apply for a Sharjah Islamic Bank Hassalati account, you can choose any of the following given channels – 

Via Policybazaar UAE

A great place to find the solution to all your banking requirements is policybazaar.ae. The process of applying for a Sharjah Islamic Bank Hassalati account on this site is simple and streamlined. Our website is easy to navigate and allows you to apply for your chosen account with minimal documentation. If you face any challenges while applying for the account, you can get in touch with our round-the-clock service at 042472904 and solve your queries in no time.

Given below are the steps to be followed to apply for Sharjah Islamic Bank Hassalati account  -

  • Head to the official website of Policybazaar UAE - policybazaar.ae
  • Locate the 'banking products’ at the top of the homepage
  • Tap on the 'bank account’ option
  • Choose the type of account you wish to apply for, and type in your name, email address, mobile number, monthly income, city, and nationality in the lead provided
  • Click on the 'view quotes' button
  • You will be redirected to the bank account quotes page. You can use the 'filter' option and select ' Sharjah Islamic Bank Hassalati account’.
  • Press the 'apply’ button and follow the prompted instructions on the screen to complete the process
  • In case you are stuck at any stage of the application process, contact our customer care team and get the required assistance.

Via Online Banking

As an alternative to the above-stated method, you can also apply for the Sharjah Islamic Bank Hassalati account via online banking by following the steps listed here – 

  • Visit the official website of the Sharjah Islamic bank – www.sib.ae
  • From the 'personal' menu, click on the 'Hassalati account'
  • You will be redirected to the Sharjah Islamic Bank Hassalati account profile page
  • Locate the 'apply online’ button and click on it
  • On the lead form,  select the account type and enter your name, email address, last name, mobile number, nationality, and so forth to complete the form
  • Tap on the 'submit now’ button
  • Follow the instructions on the screen and complete the Sharjah Islamic Bank Hassalati account application form

Via Offline Mode

You can also visit one of the bank’s physical branches and submit your application for opening a Sharjah Islamic Bank Hassalati account. However, make sure to carry all the required documents if you choose this method to ensure a smooth application process.

Open Sharjah Islamic Bank Account

How to Access Sharjah Islamic Bank Hassalati Account?

Sharjah Islamic Bank offers multiple platforms through which you can operate and access your Hassalati account. Given below is the detailed procedure to be followed for each of the channels – 

Online Banking

You can operate your account via SIB online banking. The platform can easily be accessed on internet browsers like Google Chrome, Apple Safari, Microsoft Edge, Mozilla Firefox, and more. Mentioned below are the steps to sign into your account – 

  • On the official website of the SIB, locate the ‘login’ button on the right side of the screen
  • Once a new page appears,  tap on the ‘personal’ option 
  • Use your user ID and press the ‘secure login’ option
  • Enter your password to sign into your account

Mobile Banking

The SIB mobile application is another excellent way to manage your account conveniently at any time and anywhere. The application can be downloaded on both Apple and Android devices. Once the application is installed on your device, log in using your online banking credentials or set up a PIN or TPIN. After opening your account, select the Sharjah Islamic Bank Hassalati account and get access to the same.

Offline Mode

If you find any issues associated with your Sharjah Islamic Bank Hassalati account, you can plan a trip to your nearest physical branch of the bank and have a bank representative address your queries. Remember to carry all the required documents with you.

How to Close Sharjah Islamic Bank Hassalati Account?

To close your Sharjah Islamic Bank Hassalati account, you can reach out to the customer care representatives of the bank by dialling 06-5999999. Mention the reason for the closure of your account and follow the prompted instructions.

Refer to the next section of the article to find out the commonly asked questions related to the Sharjah Islamic Bank Hassalati account - 

Frequently Asked Questions (FAQs)

Can I apply for the Sharjah Islamic bank hassalati account on behalf of my kid?

Sharjah Islamic Bank Hassalati account can be opened by the father or the legal guardian of a child, provided the child is below 18 years old and has the required documents.

Can I open a Sharjah Islamic bank hassalati account without an Emirates ID?

No. To apply for a Sharjah Islamic Hassalati account, you would be required to present your original Emirates ID to the bank.

How can I open a Sharjah Islamic bank hassalati account?

You can visit the official website of Policybazaar UAE (policybazaar.ae) to apply for the Sharjah Islamic Bank Hassalati account. As an alternative, you can fill out the account application form given on the official website of the lender.

My child is 7 years old and would like to learn the nuances of savings. Which bank account is ideal?

Opening a Sharjah Islamic Bank Hassalati account offers a safe place for your child's savings, allowing them to earn profits while also helping them learn about financial management and banking processes.

What is the minimum balance to be maintained on the Sharjah Islamic bank hassalati account?

The minimum balance for the Sharjah Islamic Bank Hassalati account is AED 500.

Is it mandatory to have a Sharjah Islamic bank hassalati account to use the SIB mobile application?

No, if you have savings, current, or fixed deposit accounts in Sharjah Islamic bank, you can use the SIB mobile application to operate your account.

How to register a Sharjah Islamic bank hassalati account on the SIB application?

Follow these steps to register your Sharjah Islamic Bank Hassalati account on the SIB mobile application – 

  • Download the application and tap on 'register'
  • Enter your account number and the TPIN/PIN
  • An OTP will be sent to your registered mobile number
  • Type in the OTP to the required field
  • Create a new username and password
  • Tick the checkbox to agree to the terms and conditions

Reviews & Ratings

4.6 / 5 (based on   18,147 +google icon reviews)

More From Bank Accounts