SIB Current Account

• Sharia-compliant account
• Get a cheque book and a debit card free with the account.
• The account can be opened in multiple currencies including AED, USD, GBP & Euro
• Get free monthly account statements and e-statements.
• Cash deposit and withdrawal are available at more than 100 SIB ATMs across the country

• Account Closure (Within one year) = AED 105
• Non- SIB ATM Transactions in UAE- Cash Withdrawal = AED 2.10
• Non- SIB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1.05
• Fee for using the ATM outside UAE = 1.05% (min AED 31.5)

• A non-profit paying account

• Original passport
• UAE National ID
• Visa
• Salary transfer letter
• Proof of residence
• Duly filled and signed application form

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• Applicants must be 21 years and above.
• Must be a resident of UAE or GCC nationals
• A minimum balance of AED 3,000

• A minimum balance of AED 3,000 needs to be maintained for individual accounts.
• A minimum balance of AED 15,000 needs to be maintained for business accounts
• A fee of AED 26.25 per month for individual accounts and AED 157.50 will be charged if the minimum balance is not maintained.
• Cash deposits can be made at all SIB branches in and outside the UAE by cash, transfers, cheques drawn, or through the Bank’s ATMs