Last Updated on 06 August 2021
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Sharjah Islamic Bank Fixed Deposits-12 months
Fixed Deposits-12 months
Required Documents
- Applicant should be 18 years & above
- Passport and valid residence Visa
- UAE National ID
- A minimum deposit amount of AED 10,000 for individuals and AED 50, 000 for companies
Main Benefits
- Individuals & businesses can avail this scheme
- 1, 3, 6, 9 & 12 months of flexible investment periods
- 24-hour Call Centre service will be provided
- Free SMS notification services of account activities
- Online Banking Services are provided
- Can generate free e-Statement/ statement every 6 months
Frequently Asked Questions
⭐ How do I apply for SIB Fixed Deposits-12 months scheme?
A. You can apply for SIB Fixed deposits account through the application form online.
⭐ Is there any initial deposit required to open the SIB Fixed Deposits-12 months scheme?
A. Yes. A minimum deposit of AED 10,000 for individuals and AED 50,000 for companies is required.
⭐ Does this account follow Sharia laws?
A. Yes. This account follows Sharia laws.
⭐ Do we get notified of the activities performed on the account?
A. Yes, you can get SMS alerts on any account activity performed on the account.
⭐ Can we avail Online Banking Services using SIB fixed deposit account?
A. Yes. This account provides its online banking services.
⭐ What is the interest rate we get on a SIB Fixed Deposit-12 months account?
A. The profit rate offered on this account is 1.6% p.a.
⭐ Is there any monthly service fee charged on SIB Fixed Deposit-12 months account?
A. No. There is no monthly service fee levied on this account.
Sharjah Islamic
Established in 1975 through an Amiri decree, the bank was initially known as the National Bank of Sharjah. In 2002, the bank was the first bank to convert to Islamic Banking and was renamed as Sharjah Islamic Bank (SIB). SIB has a Vision 'to be the bank of choice, delivering creative customer solutions based on Islamic principles of partnership, trust & equality for all’. The values followed by them are :
- Bonding and Harmony
- Compliance
- Learning and Self Development
- Social Responsibility
- Creativity and Innovation
Get in touch with Sharjah Islamic Bank Customer Care