Sharjah Islamic Bank (SIB)

Key details

• Launch: 1975

Overview

Sharjah Islamic Bank (SIB) is UAE Islamic commercial bank + ADX: SIB + Government of Sharjah + Sheikh Sultan bin Mohammed Al Qasimi UAE Sharjah ruling family + Kuwait Finance House KFH KWSE: KFH ~20%+ minority + Sharjah retail + institutional + foreign investors free float + one of UAE's largest Islamic commercial banks + founded 1975 in Sharjah UAE as National Bank of Sharjah then 2002 Sharjah Islamic Bank SIB rebrand + Islamic conversion [1, ae-cro].

History

1975 — National Bank of Sharjah founded in Sharjah UAE as Sharjah emirate national commercial bank.

2002 — Sharjah Islamic Bank SIB rebrand consolidating National Bank of Sharjah + Islamic conversion from conventional to Islamic commercial banking distinctive UAE Islamic banking conversion as one of UAE's first conventional-to-Islamic bank conversions.

2014 — SIB Mobile banking app launch.

Ownership & operator

Operating entity: Sharjah Islamic Bank SIB PJSC (UAE Islamic commercial bank; ADX: SIB).

Major shareholders: Government of Sharjah + Sheikh Sultan bin Mohammed Al Qasimi (UAE Sharjah ruling family) + Kuwait Finance House KFH (KWSE: KFH) Kuwaiti parent ~20%+ minority + Sharjah retail + institutional + foreign investors free float.

Regulators: Central Bank of UAE CBUAE.

Technical integration

SIB Mobile app (iOS + Android) + sib.ae online + Sharjah Islamic Bank branch network across UAE + SIB Visa + Mastercard cards (Islamic-compliant); EMVCo QRCPS QR payments + Aani UAE national instant payments + AED Emirati Dirham domestic transfers.

Implementations & partners

Major UAE banking + payments competitors: [[fab]] (First Abu Dhabi Bank FAB; ADX: FAB) + [[emirates-nbd]] (Emirates NBD Bank; DFM: EMIRATESNBD) + [[adcb-uae]] (Abu Dhabi Commercial Bank ADCB; ADX: ADCB) + [[mashreq-neo]] (Mashreq Bank; DFM: MASB) + [[dubai-islamic-bank]] (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic commercial bank by assets + world's first Islamic commercial bank) + [[abu-dhabi-islamic-bank]] (Abu Dhabi Islamic Bank ADIB; ADX: ADIB) + [[emirates-islamic]] (Emirates Islamic Bank EI; DFM: EIB) + [[ajman-bank]] (Ajman Bank; UAE Islamic commercial bank).

Regulators: Central Bank of UAE CBUAE.

Status

Active, UAE Islamic commercial bank + ADX:SIB + Government of Sharjah + Sheikh Sultan bin Mohammed Al Qasimi UAE Sharjah ruling family + Kuwait Finance House KFH KWSE:KFH ~20%+ minority + Sharjah retail + institutional + foreign investors free float + one of UAE's largest Islamic commercial banks + founded 1975 in Sharjah UAE as National Bank of Sharjah then 2002 Sharjah Islamic Bank SIB rebrand + Islamic conversion [1, 2].

Sources

• 1 SIB — official
• 2 SIB — Wikipedia
• ae-cro In-corpus: reports/countries/AE-united-arab-emirates.md

Source

Biography extracted from sharjah-islamic.md. See matrix.md for standards-support matrix if present.