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Complementing the Value Chain

Our team of professional bankers are experienced in working closely with government and semi government entities, sharing invaluable market insights and providing advice on the most suitable products and services. SIB has been instrumental in assisting the Government of Sharjah and its related entities in attaining financial requirements for a wide range of major projects by offering variety of financing, transaction banking and digital banking solutions. 

Long-term Financing

In it for the long haul – together

SIB offers long-term, Sharia compliant financing solutions to government and semi government entities. Be it financing new public sector project, building hospitals and bridges, SIB offers Sharia compliant financing solutions to government entities aspiring to realize their long-term plan.

 Reap all the benefits

  • Higher Finance Amount.
  • Favorable Documents Requirements.
  • Sharia Compliant Products and Quick Processes.
  • Competitive Pricing.

Contract Financing

Milestones keep projects moving forward

This unique, Sharia compliant solution comprises milestones and payments based on project progression. Be it Civil, Road, Electrical, Mechanical and Special work, our resident experts not only specialize at understanding your requirements, but are also able to assist you to build comprehensive finance structures based on your entity requirements.

Reap all the benefits

  • Project Specific and General Limits
  • All Types of Letter of Guarantees and Letter of Credit
  • Financing Against Progressive Payments.

Working Capital Finance

We make sure it's always business as usual

Working capital is essential for maintaining continuity. Where short-term funding is required for the completion of a project, purchase of raw materials or production of goods, our Sharia compliant Working Capital Finance is always an ideal solution for our government and semi government entities.

Reap all the benefits

  • Flexible Repayment Terms.
  • Favorable Documents Requirements.
  • Sharia Compliant Products and Quick Processes.

Transaction Banking Services

State of the art solution for your business needs

Our Transaction Banking team offers comprehensive trade finance and cash management solutions, that suite your requirements and maximize opportunities. Our dedicated team focused on client service to ensure superior service with a quick turnaround time.  Be it Trade Finance products and service, different types of accounts, cash collections and payments, our broad digitally based solutions are provided by our team of experts.

The foundation of excellence

Corporate Governance

Rooted in the values of professionalism and transparency

Our commitment to Corporate Governance comprises well-defined shareholder rights, a solid control environment, ...

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Sharia’a Affairs

The nucleus of a value system that assures fairness in all walks of human life

Sharia is the nucleus of a system of Islamic values that guarantees justice in all aspects of life, it represents a ...

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Subsidiaries

Sharjah Islamic Bank has three, fully owned subsidiaries

ASAS Real Estate, Sharjah Islamic Financial Services LLC, and Sharjah National Hotels.

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Investor Relations

We are committed to our shareholders and investors

And the timely, accurate and balanced disclosure of information and financial statistics concerning the bank's ...

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How can we help you?

News & updates

News

20 Oct, 2021

Sharjah Islamic Bank to raise foreign ownership limit to 40%

SIB has announced that its board of directors agreed to raise the percentage of foreign ownership in the ...

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News

17 Oct, 2021

SIB's net profit increased by 30%Proposes to allow Bank’s foreign ownership limit to 40%

Sharjah Islamic Bank (SIB) recorded an increase of 29.6% in the net profit reaching at AED 458.0 million ...

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News

20 Oct, 2020

Sharjah Islamic Bank achieved a net profit of AED 353.4 million for the nine months ended 30 September 2020.

Sharjah Islamic Bank achieved an increase in its operating profits before provisions amounting to AED ...

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News

17 Aug, 2021

SIB launches New Digital Account

SIB announced the launch of its new SIB Digital account, which allows customers to open an electronic ...

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News

01 Sep, 2021

SIB Launches Its New Website

Sharjah Islamic Bank announced the launch of its all new website at www.sib.ae, featuring an innovative ...

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News

13 Jun, 2021

SIB named as one of Forbes’ 100 most powerful companies in the Middle East

Sharjah Islamic Bank is among the annual Forbes magazine's list of the 100 most powerful companies in the ...

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News

19 Apr, 2021

SIB Operating profits rise by 27% in Q1 2021

SIB Operating profits rise by 27% in Q1 2021

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News

30 Jun, 2021

SIB opens 35th branch in Rahmania Mall

Sharjah Islamic Bank (SIB) opened its 35th branch today Wednesday, in Rahmania Mall, one of the newest ...

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News

17 Jun, 2021

SIB opening a new branch in Abu Dhabi Mall

SIB opening a new branch in Abu Dhabi Mall to develop the bank's network in the UAE SIB opens a branch ...

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News

21 Jun, 2021

SIB opens a new office at Al Qasimia University

SIB recently opened a new office at AlQasimia University to expand its reach and offer greater ...

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News

08 Aug, 2021

ASAS Real Estate launches sales of Al Tai Lands project

ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank, has launched sales of the ...

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