Sharjah Islamic Bank
 | |
Native name | مصرف الشارقة الإسلامي |
|---|---|
| Formerly | National Bank of Sharjah |
| Type | Public bank |
| ADX: SIB | |
| ISIN | AES000201013 |
| Industry | Banking |
| Founded | 1975 |
| Headquarters | , |
Number of locations | 29 (2025) |
| Key people | |
| Products | Finance and Insurance |
| Revenue | AED 1,31 billion (2025) (USD 358 million)[2] |
| AED 2,48 billion (2025) (USD 676 million)[2] | |
| Total assets | AED 90,3 billion (2025) (USD 24,6 billion)[2] |
| Total equity | AED 9,53 billion (2025) (USD 2,6 billion)[2] |
Number of employees | 1710 (2025) |
| Website | www |
Sharjah Islamic Bank, (Arabic: مصرف الشارقة الإسلامي) formerly known as the National Bank of Sharjah, is a medium-sized Emirati Islamic bank headquartered in the Emirate of Sharjah in the United Arab Emirates.[3]
The bank provides Sharia-compliant products and services to serve individuals, companies, institutions, and investors.[4] As an Islamic bank, SIB operates in accordance with the principles of Sharia law.[5]
History
The bank was established in 1976 and in 2004 converted into a fully Shariah compliant bank.
In August 2021, Sharjah Islamic Bank announced the launch of a new digital account that allows customers use the smart bank application to open an electronic account without the need to visit the branch.[6]
Financial performance
For the year 2022, Sharjah Islamic Bank (SIB) has posted net profit of DH 650.9 million.[7]
See also
References
- ↑ "Sharjah Islamic Bank increases foreign ownership of shares to 40%". Khaleej Times.
- 1 2 3 4 "Financial Annual Report 2025" (PDF). Sharjah Islamic Bank.
- ↑ "Sharjah Islamic Bank's net profit soars 13.9% in Q1". Khaleej Times.
- ↑ "Sharjah Islamic Bank increases foreign ownership to 40 percent following regulatory approvals". Arabian Business.
- ↑ "Sharia Compliance".
- ↑ "Sharjah Islamic Bank launches new digital account". Gulf Today.
- ↑ "Sharjah Islamic Bank records 27% jump in net profit in 2022 to reach AED650.9mn".