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Sharjah Islamic Bank - Sharjah Islamic Bank
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Sharjah Islamic Bank

Official Certification
UAE
Business
20 Year
Current Enterprise Rating
5.00
Industry Rating
a

Basic Information

Full Name Of The Enterprise
Full Name Of The Enterprise
Sharjah Islamic Bank
Country
Country
UAE
Market Classification
Market Classification
Business
Enterprise Classification
Enterprise Classification
Bank
Registration Time
Registration Time
1976
Business Status
Business Status
Active

Regulatory Information

Enterprise Evaluation/Exposure

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5.00

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Sharjah Islamic Bank Enterprise Introduction

Powered by FinanceWiki AI Some content is AI-generated and for reference only; it is not investment advice.

Sharjah Islamic Bank, formerly Sharjah National Bank, is a listed Islamic bank headquartered in the Emirate of Sharjah, United Arab Emirates. The bank was established in 1976 and transformed into a fully Shariah compliant bank in 2004. The bank offers Shariah compliant products and services to individuals, companies, institutions and investors.

As an Islamic bank, SIB operates in accordance with the principles of Shariah law. This means that it does not charge or pay interest and is not involved in any transactions involving riba (usury), gharar (uncertainty) or maysir (gambling). Instead, the SIB uses Islamic financial technologies such as profit sharing, leasing and partnerships to provide its customers with financial services compliant with Sharia principles.

In August 2021, the Islamic Bank of Sharjah announced the launch of a new digital account that allows customers to open electronic accounts using a smart banking app without having to travel to a branch.

Financial Results

In 2022, the Islamic Bank of Sharjah (SIB) recorded a net profit of 650.90 million dirhams

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Risk Statement
Finance.Wiki reminds you that the data contained in this website may not be real-time or accurate. The data and prices on this website may not be provided by the market or exchange, but may be provided by market makers, so the prices may not be accurate and may differ from the actual market prices. That is, the prices are only indicative prices, reflecting market trends, and are not suitable for trading purposes. Finance.Wiki and the providers of the data contained in this website are not responsible for any losses caused by your trading behavior or reliance on the information contained in this website.
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