Sharjah Islamic Bank Savings Accounts in UAE

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Features of Sharjah Islamic Savings Account

  • The savings accounts are based on Islamic principles of Mudarbha.
  • Sharjah Islamic savings accounts helps their customers to have a share in profit distributions,by investing in their savings.
  • Avail a free SIB debit card with any savings account that you would want to avail from Sharjah Islamic Bank.
  • You can avail all the savings account from SIB in AED and USD.
  • Avail the facility of 24 hour call centre,to know more about the bank accounts.
  • Free e statements and online banking facility with this account.
  • Statements for savings accounts are generated, every six months.

Eligibility Criteria of Sharjah Islamic Savings Account

Applicants should be 18 years & above.

Documents Required of Sharjah Islamic Savings Account

  • Original passport & UAE National ID.
  • Valid UAE residence visa for expatriates

Sharjah Islamic Savings Account

Sharjah Islamic Bank

7 Sharjah Islamic Bank Savings Accounts

Fixed Deposits-6 months

Min Balance to Maintain

AED 10K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Yes

minimum balance

AED 10K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
Apply Now

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
  • Free SMS notification services of account activities
  • Online Banking Services are provided
  • Can generate free e-Statement/ statement every 6 months
Apply Now
View Details

View details on bank page

Fixed Deposits-9 months

Min Balance to Maintain

AED 10K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Yes

minimum balance

AED 10K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
Apply Now

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
  • Free SMS notification services of account activities
  • Online Banking Services are provided
  • Can generate free e-Statement/ statement every 6 months
Apply Now
View Details

View details on bank page

Fixed Deposits-3 months

Min Balance to Maintain

AED 10K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Yes

minimum balance

AED 10K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
Apply Now

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
  • Free SMS notification services of account activities
  • Online Banking Services are provided
  • Can generate free e-Statement/ statement every 6 months
Apply Now
View Details

View details on bank page

Fixed Deposits-12 months

Min Balance to Maintain

AED 10K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Yes

minimum balance

AED 10K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
Apply Now

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
  • Free SMS notification services of account activities
  • Online Banking Services are provided
  • Can generate free e-Statement/ statement every 6 months
Apply Now
View Details

View details on bank page

Fixed Deposits-1 month

Min Balance to Maintain

AED 10K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

Yes

minimum balance

AED 10K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
Apply Now

Benefits

  • Individuals & businesses can avail this scheme
  • 1, 3, 6, 9 & 12 months of flexible investment periods
  • 24-hour Call Centre service will be provided
  • Free SMS notification services of account activities
  • Online Banking Services are provided
  • Can generate free e-Statement/ statement every 6 months
Apply Now
View Details

View details on bank page

Savings Account

Min Balance to Maintain

AED 500

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

minimum balance

AED 500

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Features

  • This is an Islamic account by nature.
Apply Now

Features

  • This is an Islamic account by nature.

Benefits

  • You can avail an Electron Visa Debit Card.
  • Avail unlimited deposits and withdrawals at more than 100 SIB ATMs across UAE.
  • Avail a complimentary cheque book, along with this account.
  • You will also get free monthly account statements and e statements.
  • Get SMS notifications on your accounts.
  • Online banking service and 24 hour call centre.
Apply Now
View Details

View details on bank page

Hassalati Account

Min Balance to Maintain

AED 500

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

minimum balance

AED 500

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Features

  • This is an Islamic account by nature.
  • This account is specially made for the investment in your child’s future.
Apply Now

Features

  • This is an Islamic account by nature.
  • This account is specially made for the investment in your child’s future.

Benefits

  • With this account you can avail, standing orders from your parents.
  • You can avail monthly profits on your account.
  • Get SMS notifications on your account.
  • Avail free statements, in every 6 months.
Apply Now
View Details

View details on bank page

Frequently Asked Questions

⭐ Is minimum balance compulsory for the savings accounts of Sharjah Islamic Bank?

A. Yes, Sharjah Islamic Bank asks its customers to maintain a minimum balance of AED 3000 for its savings account. For Hassalati account, there is a minimum balance requirement of AED 3000 for individuals and AED 5000 for corporates.

⭐ Is there a limit to the number of withdrawals made through our savings account?

A. There is a limit to the number of withdrawals that you can make in a month. The bank at its discretion, might decrease or increase the number of permissible withdrawals.

⭐ What is the limit to the number of SMS notifications that we can receive for our transactions?

A. No, there is no limit to the number of SMS notifications for any account.

⭐ What are the two most popular savings accounts from SIB?

A. The two most popular accounts from SIB are Sharjah Islamic Bank Savings Account and Sharjah Islamic Bank Hassalati Account

⭐ Can the debit card from SIB be used in any ATM around the world?

A. You can avail unlimited withdrawals across 100 ATMs around UAE.

⭐ What are the documents required for opening a SIB savings account?

  • Original passport
  • Emirates ID
  • UAE residence Visa for expatriates
  • Minimum balance of AED 3000
  • ⭐ Who is eligible to open a SIB savings account?

    A. The applicant must be at least 18 years to be eligible to open a SIB savings account.

    ⭐ Are there any charges for SIB savings account E-statement?

    A. No. SIB savings account E-statement can be availed for free.

    ⭐ What are the currencies available for transactions in SIB savings account?

    A. Account holders can perform their SIB savings account transactions in AED, USD, etc. currencies

    ⭐ When are SIB savings account statements generated?

    A. SIB savings account statements are generated once in every six months.

    ⭐ Is there any annual fee for SIB savings account?

    A. No. SIB savings account is available for zero annual fees.

    About Sharjah Islamic

    Established in 1975 through an Amiri decree, the bank was initially known as the National Bank of Sharjah. In 2002, the bank was the first bank to convert to Islamic Banking and was renamed as Sharjah Islamic Bank (SIB). SIB has a Vision 'to be the bank of choice, delivering creative customer solutions based on Islamic principles of partnership, trust & equality for all’. The values followed by them are :

    • Bonding and Harmony
    • Compliance
    • Learning and Self Development
    • Social Responsibility
    • Creativity and Innovation

       Get in touch with Sharjah Islamic Customer Care

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