In the bustling landscape of business and finance in the UAE, finding the right banking partner can significantly impact your company's success. One notable player in this domain is the Sharjah Islamic Bank (SIB), renowned for its adherence to Sharia principles and commitment to supporting businesses through tailored financial solutions. Among its offerings, the Sharjah Islamic Bank Business Account stands out as a cornerstone for entrepreneurs and enterprises seeking stability and growth in their financial operations.
The Sharjah Islamic Bank Business Account offers a strong financial solution designed for businesses seeking Sharia-compliant banking services. As a part of their comprehensive suite of offerings, the Sharjah Islamic Bank Current Account ensures seamless transactions and financial management capabilities.
The Sharjah Islamic Bank Business Account is designed to cater specifically to the needs of businesses across various sectors. This account operates in accordance with Islamic principles, ensuring that all financial transactions adhere to Sharia guidelines. This commitment to ethical banking makes SIB a preferred choice among businesses looking for transparency and reliability in their banking relationships.
Opening this account is straightforward, with requirements designed to accommodate various business needs, including a valid trade license, identification documents, and an initial deposit. The benefits are manifold, ranging from competitive profit rates on balances to convenient online banking facilities and dedicated relationship managers.
This account not only supports daily operational needs but also aligns with Islamic principles, making it an ideal choice for businesses looking for reliability and ethical financial solutions.
The Sharjah Islamic Bank Business Account offers several benefits to business needs:
Shariah-Compliant Solutions: Like the Sharjah Islamic Bank current account, the business account operates on Shariah principles, ensuring transactions adhere to Islamic finance principles.
Convenient Banking Services: Similar to the current account, business account holders can access comprehensive banking services online via mobile banking and SMS. This includes managing accounts, making payments (e.g., DEWA, SEWA), and handling card transactions.
Business Solutions: The business account provides specialized services such as business financing options, including Murabaha, Ijarah, and other Islamic banking products designed to meet business financing needs.
Efficient Account Management: Businesses can easily manage their finances with features like account updates, requests for cheque books and certificates, and free remittances to countries like India and Pakistan, similar to personal accounts.
Dedicated Customer Support: Access to personalized customer service through multiple channels ensures businesses receive timely assistance for their banking queries and needs.
Financial Stability and Growth: By choosing a Sharjah Islamic Bank business account, businesses align with a reputable financial institution that supports their growth with stable financial solutions and robust banking infrastructure.
Following are the various banks account offered by SIB:
Choose flexible investment periods: 1, 3, 6, 9, and 12 months
Stay informed with SMS notifications for account activities
Access online banking and a 24-hour call center
Enjoy e-statement service with statements generated every 6 months
Minimum balance requirement: AED 10,000
Finance up to 90% against your deposit
The potential maximum profit of up to 15.75%
Access funds anytime without penalty
Minimum Deposit: AED 10,000
Manage deposits and withdrawals seamlessly
Includes a chequebook
Receive SMS notifications and e-statements
Access online banking and a 24-hour call centre
Minimum balance requirement: AED 15,000
The Sharjah Islamic Bank offers various modes of banking for its current account holders, ensuring convenient access to banking services:
Sharjah Islamic Bank's online banking allows account holders to manage their accounts from anywhere, anytime. Benefits include easy bill payments (DEWA, SEWA, FEWA, Salik), instant card activation/blocking, account updates, and free remittances to India and Pakistan.
The SIB mobile app, available on the Apple Store and Google Play Store, offers functionalities similar to online banking. Users can update personal information, request cheque books/certificates, make bill payments, and manage cards with ease.
Account holders can subscribe to SMS banking to receive updates on account balances, transactions, and summaries by sending predefined codes.
Customers can use phone banking services for Sharjah Islamic Bank current account inquiries and assistance. Queries can be submitted through the SIB website or directly via a dedicated customer care number.
For personalized service, account holders can visit SIB branches with relevant
documents for face-to-face assistance.
These modes provide flexibility and accessibility to manage Sharjah Islamic Bank's current accounts efficiently.
Dhanguard is here to assist you every step of the way in opening your Sharjah Islamic Bank business account. We take care of the entire process, ensuring a smooth experience for you.
From completing the Sharjah Islamic Bank current account opening requirements to highlighting the benefits such as competitive profit rates, convenient online banking services, and tailored financial solutions, Dhanguard ensures your business banking needs are met efficiently.
Let us handle the details while you focus on growing your business confidently with Sharjah Islamic Bank.
Here is a short list of the paperwork required for the Sharjah Islamic Bank Business Account in the UAE. It is crucial to note that the length of this list varies based on the scope of each client's business and the bank's criteria for the kind of corporate account you wish to create.
Memorandum of Association (MoA)
Passport, Visa & Emirates ID of all partners (if applicable)
Office tenancy or Ejari contract (physical office)
Share certificate
Parent company's legal documents
6 months' bank statement (personal/company from UAE/home country)
Utility bills as address proof (for certain nationalities)
VAT certificate (if applicable)
Business model/company profile/website/plan
Applicant profile (CV) of signatory
Name of existing or prospective clients (suppliers/buyers)
Debit & credit invoices
Invoices/bills of shipment/shipping documents/agreements/customs clearance, etc.
Note: All basic documents are mandatory. Supporting documents are as per the business profile.
Choosing the Sharjah Islamic Bank Business Account means more than just opening a bank account; it signifies a commitment to ethical banking practices and a partnership aimed at achieving sustainable business growth. With its adherence to Sharia principles, comprehensive financial solutions, and personalized service, SIB remains a trusted ally for businesses seeking stability and success in the dynamic UAE market.
Dhanguard provides comprehensive assistance in opening a Sharjah Islamic Business Account with Sharjah Islamic Bank, ensuring a seamless process according to your business needs.
Understanding the Sharjah Islamic Bank current account opening requirements, Dhanguard facilitates the submission of necessary documents and guides you through the entire procedure efficiently.
By partnering with Dhanguard, you gain access to the exclusive benefits of a Sharjah Islamic Bank current account, such as competitive profit rates, convenient online banking services, and personalized financial solutions designed to support your business growth and financial objectives
To get the exact quote for Sharjah Islamic Business Bank Account get connected with Dhanguard.
Sharjah Islamic Bank offers Islamic banking solutions, so they likely provide Sharia-compliant financing options for businesses.
Online bill payment services are a common feature in business banking. Sharjah Islamic Bank likely offers this functionality.
