Sharjah Islamic Bank — Key Facts
| Founded | 1975 (rebranded to Islamic in 2002) |
| Headquarters | Sharjah, UAE |
| Listed On | Abu Dhabi Securities Exchange (ADX) |
| Type | Islamic Bank (Sharia-compliant) |
| Major Shareholder | Government of Sharjah (~28%) |
| Total Assets | ~AED 50+ billion |
Sharjah Islamic Bank (SIB) is one of the UAE’s established Islamic financial institutions, offering a full range of Sharia-compliant banking products and services for retail, corporate, and institutional clients. Headquartered in the emirate of Sharjah and listed on the Abu Dhabi Securities Exchange (ADX), SIB is a major player in the UAE’s Islamic banking sector.
Who Owns Sharjah Islamic Bank?
Sharjah Islamic Bank is a publicly listed company on the Abu Dhabi Securities Exchange (ADX). The Government of Sharjah is the largest individual shareholder with a stake of approximately 28%. The remaining shares are held by UAE-based institutional investors and retail shareholders. As a publicly listed entity, SIB’s full shareholder register is disclosed through ADX and the UAE Securities and Commodities Authority (SCA).
History and Background
Sharjah Islamic Bank was originally established in 1975 as the National Bank of Sharjah, operating as a conventional commercial bank. In 2002, the bank underwent a significant transformation, converting all its operations to Sharia-compliant Islamic banking and rebranding as Sharjah Islamic Bank. This made SIB one of the first UAE banks to fully transition from conventional to Islamic banking, and it became a flagship financial institution in the emirate of Sharjah.
Products and Services
SIB offers retail banking (savings and current accounts, home and personal finance, credit cards), corporate banking (working capital financing, trade finance, project finance), and treasury and capital market services — all structured under Sharia-compliant contracts such as Murabaha, Ijarah, Musharakah, and Sukuk. SIB also operates an SME banking division catering to small and medium enterprises in the UAE.
