United Arab Emirates · Financial institution
Sharjah Islamic Bank
Sharjah Islamic Bank PJSC is a public joint stock company headquartered in Sharjah, United Arab Emirates. The Government of Sharjah is its largest shareholder, and its shares are listed on the Abu Dhabi Securities Exchange. It provides Sharia-compliant retail, business, corporate and investment banking in the UAE. Founded in 1975 by Amiri decree as National Bank of Sharjah, it converted to Islamic banking in 2002 and completed an AED 2.59 billion rights issue in May 2026.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- NBSHAEASXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under NBSHAEAS directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1995-05-01
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Publicly listed
Ticker SIB
Institution type
Islamic bank
Trades as SIB
- Ownership
- The Government of Sharjah is the largest shareholder, holding its stake through Sharjah Asset Management LLC and the Sharjah Social Security Fund. The remaining shares trade on the Abu Dhabi Securities Exchange.
- Major shareholder
- Government of Sharjah (via Sharjah Asset Management LLC and Sharjah Social Security Fund)
- Stock listing
- Abu Dhabi Securities Exchange (ADX) SIB
- Head office
- Sharjah Islamic Bank Tower, Al Khan Area, near Al Qasba Canal, Sharjah, United Arab Emirates (registered office: Post Box No. 4, Sharjah, United Arab Emirates)
- Company register
- Trade Licence No. 12088 issued 3 April 1976 (Sharjah)
- Name in the local language
- مصرف الشارقة الإسلامي
- Former name
- National Bank of Sharjah
Business lines
The bank offers only Sharia-compliant products across retail, business, corporate and investment banking in the UAE, and its subsidiaries provide brokerage, real estate and hospitality services.
Online
- Websites & references
- sib.ae ↗
online.sib.ae ↗ online banking portal
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
Sources · 12 pages consulted
- sib.ae/about-us
- sib.ae/en/about-us/corporate-governance
- sib.ae/en/investment
- sib.ae/ar/personal/digital-banking/remittance
- sib.ae/docs/default-source/default-document-library/form-temp-ar.pdf?sfvrsn=a700394d_3
- ent.news/internal/114678.pdf
- apigateway.adx.ae/adx/cdn/1.0/content/download/4678892
- sharjah24.ae/en/Articles/2026/07/13/AL024
- khaleejtimes.com/business/sharjah-islamic-banks-h1-2026-profit-rises-153-to-dh804-million
- zawya.com/en/economy/gcc/sharjah-islamic-bank-rights-issue-oversubscribed-by-32-times-hp8u1ycg
- gulftoday.ae/business/2026/03/30/sharjah-islamic-bank-launches-strategic-rights-issue-to-raise-dhs259-
- en.wikipedia.org/wiki/Sharjah_Islamic_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Mohamed Abdalla Chief Executive Officer
- Chair
- Abdulrahman Mohamed Nassir Salem Alowais Chairman of the Board
- Executive
- Othman Mohamed Sharif Abdalla Zaman Vice Chairman of the Board
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United Arab Emirates
- Central Bank of the UAE Prudential supervisorCentral bankAML supervisorConduct
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The bank completed an AED 2.59 billion rights issue, and the Government of Sharjah took up its full pro rata entitlement.
zawya.com ↗ -
Other
The general assembly approved raising issued capital from AED 3,235,677,638 to up to AED 4,314,236,850 by rights issue.
ent.news ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- NBSHAEASXXX
- How the BIC breaks down
- NBSHBank
- AECountry · United Arab Emirates
- ASLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900ZQNTQPRR3WFS97
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- United Arab Emirates · Middle East & North Africa
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- SHARJAH ISLAMIC BANK TOWER AL KHAN AREA SHARJAH 4 UNITED ARAB EMIRATES
- Operational address
- SHARJAH ISLAMIC BANK TOWER AL KHAN AREA P.O.BOX 4 SHARJAH SHARJAH UNITED ARAB EMIRATES
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>NBSHAEASXXX</BICFI>
<LEI>254900ZQNTQPRR3WFS97</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>NBSHAEASXXX</BICFI>
<LEI>254900ZQNTQPRR3WFS97</LEI>
<Nm>SHARJAH ISLAMIC BANK</Nm>
<PstlAdr>
<TwnNm>SHARJAH</TwnNm>
<Ctry>AE</Ctry>
<AdrLine>SHARJAH ISLAMIC BANK TOWER AL KHAN AREA SHARJAH 4</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Correspondent banking
The bank publishes 27 accounts at other banks.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
27 accounts at other banks, in 18 currencies, as the bank publishes them: sib.ae ↗
| Currency | Correspondent | BIC | Account | Directory check |
|---|---|---|---|---|
| BHD | National Bank of Bahrain | — | — | No BIC published |
| CAD | Royal Bank of Canada | — | — | No BIC published |
| USD | First Abu Dhabi Bank (Egypt) | — | — | No BIC published |
| USD | Commercial International Bank (Egypt) | — | — | No BIC published |
| EGP | Commercial International Bank (Egypt) | — | — | No BIC published |
| EUR | Commerzbank (Germany) | — | — | No BIC published |
| EUR | Deutsche Bank (Germany) | — | — | No BIC published |
| EUR | Standard Chartered Bank (Germany) | — | — | No BIC published |
| INR | ICICI Bank (India) | — | — | No BIC published |
| INR | HDFC Bank (India) | — | — | No BIC published |
| JPY | MUFG Bank (Japan) | — | — | No BIC published |
| JOD | Housing Bank for Trade and Finance (Jordan) | — | — | No BIC published |
| KWD | Kuwait Finance House | — | — | No BIC published |
| OMR | Bank Muscat | — | — | No BIC published |
| PKR | Bank AL Habib Limited | — | — | No BIC published |
| PKR | Faysal Bank Limited | — | — | No BIC published |
| QAR | Qatar National Bank (QNB) | — | — | No BIC published |
| SAR | Saudi British Bank (SABB) | — | — | No BIC published |
| SAR | Saudi National Bank | — | — | No BIC published |
| SGD | Standard Chartered Singapore | — | — | No BIC published |
| LKR | Hatton National Bank (Sri Lanka) | — | — | No BIC published |
| CHF | Credit Suisse (Switzerland) | — | — | No BIC published |
| GBP | Lloyds Bank (United Kingdom) | — | — | No BIC published |
| AUD | Wells Fargo, London branch | — | — | No BIC published |
| USD | Wells Fargo (United States) | — | — | No BIC published |
| USD | Deutsche Bank (United States) | — | — | No BIC published |
| USD | JPMorgan Chase Bank, N.A. (United States) | — | — | No BIC published |
Undated one-page Arabic PDF titled 'Correspondent banks', linked from the Arabic remittance page. The page says the bank uses these correspondents to send and receive international transfers. Each row gives a country, bank and currency. No account numbers or BICs are printed. All 27 rows are extracted and bank names are translated from Arabic. Direction nostro is inferred from the page's wording. Some names look out of date (Credit Suisse, Saudi British Bank (SABB)), so the list may be stale. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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