How to open a bank account in Sharjah Islamic Bank P.J.S.C

• the bank was founded in 1975, switched from commercial to Islamic banking in 2002;
• the largest bank in Sharjah and the first bank in the world to successfully convert a traditional bank into an Islamic bank;
• the bank opens savings (deposit) and current accounts;
• the bank only opens accounts for local companies: Mainland, Free Zone Company (a very strict compliance), personal accounts for residents;
• the bank does not open accounts for non-Emirati companies;
• minimum deposit – AED 15 000 (~ USD 4 080)* – per currency account;
• account opening requires a visit from the account signatory and sometimes shareholders in the UAE;
• available currencies: AED, USD, EUR;
• issue bank cards;
• there’s no pre-screening and no concept of Business Banking;
• transfer fee AED 52,5 (~ USD 14)*;
• Internet Banking in English;
• account Opening Time: at least 1-2 weeks

*There are approximate rates, as they may ultimately vary depending on the customer’s chosen service program at the bank.