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Accuracy is what IBAN means to me

In compliance with Central Bank of UAE regulations, we are pleased to inform you that Sharjah Islamic Bank has successfully applied the International Bank Account Number (IBAN) for all your Sharjah Islamic Bank accounts, which will be used for all inward and outward remittances from and to the UAE and salary payments through WPS.

International Bank Account Number (IBAN) is an international standard for identifying bank accounts (excluding credit cards). The main purpose of IBAN is to facilitate the automatic processing of money transfers, to improve the speed and accuracy of your payment transactions.

The Central Bank regulation is effective from 19th November 2011, whereby all banks in the UAE are required to accept and process payment instructions with IBAN. Consequently, you will be required to provide an IBAN for all instructions for value date on or after 19th November 2011 when making payment from or receiving payments to your account. Please ensure that the IBAN for your account is communicated to all parties from whom you are expecting a remittance to your account.

In case the IBAN is not used, the processing of both Inward and Outward payment in your account is likely to be rejected or may be delayed with additional processing charges as may be prescribed by Central Bank from time to time.

If you have standing orders for effecting payments from your account to beneficiary accounts held in banks within the UAE other than Sharjah Islamic Bank, then you will need to amend the same, by providing the IBAN equivalent for the beneficiary account.

The IBAN(s) for Sharjah Islamic Bank account(s) has been sent to all our customers via direct mailer.

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

Required Documents

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


The following list is intended as an indicative guide to the minimum balance requirements and charges levied by Sharjah Islamic Bank. However, this list is not exhaustive and customers are advised to contact our Call Center, our Phone Banking service on 06-5999999 for further information.



Current Account – Individual


Currency Minimum Balance Ledger Fee
AED AED 2,000 AED 25
USD USD 2,000 USD 25
GBP GBP 2,000 GBP 25
Euro EURO 2,000 EURO 25

Current Account- Business


Currency Minimum Balance Ledger Fee
AED AED 5,000 AED 150
USD USD 5,000 USD 150
GBP GBP 5,000 GBP 150
Euro EURO 5,000 EURO 150

Saving Account


Currency Minimum Balance Ledger Fee
AED AED 500 AED 25
USD USD 500 USD 25

Watany Investment Deposit


Currency Minimum Balance Ledger Fee
AED AED 100,000 AED 100
USD USD 100,000 USD 100

Fixed Term Deposit- Individual & Business


Currency  Individual  Business
AED AED 10,000 AED 50,000
USD USD 5,000 USD 10,000
GBP GBP 5,000 GBP 10,000
Euro EURO 5,000 EURO 10,000