Wallets/sharjah-islamic
Sharjah Islamic Bank (SIB)
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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, United Arab Emirates report.
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: First Abu Dhabi Bank (First Abu Dhabi Bank FAB; ADX: FAB) + Emirates NBD (ENBD X) (Emirates NBD Bank; DFM: EMIRATESNBD) + Abu Dhabi Commercial Bank (ADCB) (Abu Dhabi Commercial Bank ADCB; ADX: ADCB) + Mashreq NEO + NEOPAY (UAE) (Mashreq Bank; DFM: MASB) + Dubai Islamic Bank (DIB) (Dubai Islamic Bank DIB; DFM: DIB; UAE's largest Islamic commercial bank by assets + world's first Islamic commercial bank) + Abu Dhabi Islamic Bank (ADIB) (Abu Dhabi Islamic Bank ADIB; ADX: ADIB) + Emirates Islamic Bank / EI+ (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
- United Arab Emirates report 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.