Sharjah Islamic Bank Personal Account

Minimum Salary
0,00 د.إ

Description

Sharjah Islamic Bank (SIB) offers four Shari’ah-compliant personal accounts—Digital Account, Current Account, Savings Account, and Watani Account—plus Hassalati Kids Account. Each account features distinct minimum balance requirements, profit/expected yield structures, fee waiver criteria, and benefits. Selection depends on whether you prioritize everyday banking, profit-earning, high-income perks, or child savings.

Features

Account Packages & Profit Structures

Feature / Package	Digital Account	Current Account	Savings Account	Watani Account	Hassalati Kids Account
Shari’ah Contract	Mudarabah	Qard Hasan	Mudarabah	Mudarabah	Mudarabah
Minimum Balance for Profit	AED 3,000¹	N/A	AED 3,000¹	AED 100,000²	AED 500³
Expected Profit Rate	Variable; paid monthly	N/A	Variable; paid monthly	Variable; paid monthly	Variable; paid monthly
Minimum Balance Fee	No fee (if ≥ AED 3,000; else no profit)	AED 26.25 if < AED 3,000	AED 26.25 if < AED 3,000	N/A	AED 26.25 if < AED 500
Currency	AED only	AED, USD, GBP, EUR	AED, USD	AED, USD	AED only
Cheque Book	Available on request (10 leaves free; subsequent 25 leaves at AED 26.25)	First 10 leaves free; subsequent 25 leaves AED 26.25	N/A	N/A	N/A
Debit Card	Free issuance & renewal	Free issuance & renewal	Free issuance & renewal	Free issuance & renewal	Free issuance & renewal
Digital & Mobile Banking	Full app features; instant eKYC	Full app & branch access	Full app & branch access	Full app & branch access	Full app & branch access
Bill Payments & Transfers	Free; digital & branch	Free; digital & branch	Free; digital & branch	Free; digital & branch	Free; digital & branch

¹ Month’s profit only if balance never dips below AED 3,000.
² Minimum daily balance to avoid fall-below fees for Watani.
³ Minimum daily balance for kids to earn profit.

Detailed Schedule of Fees & Charges

All fees inclusive of 5% VAT where applicable.

Service Category	Service	Charge
Account Maintenance	Fall-below fee (Current/Savings/Kids)	AED 26.25/month
	Digital Account no fall-below fee	N/A
	Watani no fall-below fee	N/A
Account Opening/Closure	Opening	Free
	Closing within 6 months	AED 105
Teller Transactions	Cash/Cheque withdrawal & deposit	AED 52.50 per txn beyond free quotas
ATM & Card Services	SIB/ADCB ATM (withdrawal, deposit, inquiry)	Free
	Other UAE ATM withdrawal	AED 2.10 per txn
	GCC ATM withdrawal	AED 6.30 per txn
	International ATM withdrawal	AED 15.75 per txn
	Debit card replacement	AED 26.25
	Copy of sales slip	AED 26.25
Funds Transfers & Remittances	SIB-to-SIB & UAEFTS (digital & branch)	Free
	International remittance (BEN/SHA digital)	AED 21
	International remittance (OUR branch)	AED 105
	Amendment/Cancellation	AED 31.50
Statements & Certificates	Duplicate statement (per cycle)	Free
	Statement outside cycle	AED 26.25 per request
	Balance / liability / release letter	AED 52.50–63
Standing Instructions	Setup/amendment/cancellation	AED 52.50 setup; AED 105 amendment

Account Benefits Summary

Digital Account

Instant eKYC & onboarding via app
Monthly profit payouts on AED ≥ 3,000
Free debit card & digital transfers

Current Account

Unlimited branch & digital transactions
Cheque book & debit card
Global ATM access via SIB/ADCB networks

Savings Account

Monthly profit on AED ≥ 3,000
No minimum balance for first month
Digital savings tools & e-statements

Watani Account

High-balance perks & WM pool access
Dedicated relationship manager
Preferential FX & remittance rates

Hassalati Kids Account

Early savings habit with profit on AED ≥ 500
Parental controls & standing orders
No fees for minors

Documents Required

Eligibility: UAE residents aged ≥ 18 (≥ 18 for adult; < 18 for Hassalati)
Documents (all accounts):
– Emirates ID (original & copy)
– Passport & UAE visa copy (for expatriates)
– Source of funds proof (salary certificate, trade license)
– Completed account opening form (digital or branch)
Additional (Kids): Guardian’s documents and child’s birth certificate

Additional Info

Choose Digital Account for no-visit, app-first banking with profit potential.
Opt for Current Account if you require cheque facilities and wide transaction access.
Open Savings Account for monthly profit on savings.
For high balances and exclusive services, select Watani Account.
Encourage youth saving with Hassalati Kids Account.