Fixed deposits are a popular savings option offered by banks and other financial institutions.
Interest rates in Dubai have been on the rise lately, and while this may be bad news for borrowers, it is great news for savers.
They can provide a low-risk, reliable way to grow your money, helping you work towards achieving your financial goals. In this article, we are going to look at how you can create a Fixed Deposit account at the Sharjah Islamic Bank.
If you don’t want to create an account at Arab Bank UAE check out the List of Banks in Dubai and their classifications.
To see all the bank’s branches go to this page Sharjah Islamic Bank Branches or you can just check out Credit Cards offered by Sharjah Islamic Bank.
If you want details on how to Open a Sharjah Islamic Bank Account Online and to know more about their accounts check out the Types of accounts offered by Sharjah Islamic Bank.
If you love banking from the convenience of your home then you should see how you can register for internet banking.
Criteria to open a Fixed Deposit account at the Sharjah Islamic Bank
- Valid original passport
- Valid residency visa (for UAE residents)
- Valid Emirates ID (for UAE residents)
- A minimum balance of AED 50,000
- You should be over 18 years old
If you have any questions, then use the information on this page Sharjah Islamic Bank Contact Details to contact the bank.
Procedure to Create a Fixed Deposit Account at the Sharjah Islamic Bank
You can create a Fixed Deposit Account using any of these procedures, make sure to follow the one that would be the best for you:
By visiting the bank branch
- Step 1: You should visit the bank branch with the required documents
- Step 2: Speak to the customer service rep about your intent to open a Fixed Deposit bank account
- Step 3: The customer service rep will assist you in filling out the forms and also answer all the questions you may have about opening a Savings Account.
- Step 4: You will be given an account number and all the relevant particulars about your account.
To open a savings account, click here, but if it is a current account, check it out here; if it is a fixed bank account you want to see how to create a Fixed Deposit Bank Account.
If you using an Android device it is best you check out the How to Download and Register for the Sharjah Islamic Bank mobile banking app on Android but if you are using an iPhone you can check out How to Download and Register for the Sharjah Islamic Bank mobile banking app on iPhone.
By registering online
- Step 1: Got the bank’s website via the URL https://www.sib.ae/en/Accounts
- Step 2:Scroll down the page and select the Fixed Deposit account you want
- Step 3: Click on Apply Now
- Step 4: Scroll down the page and fill out the Form asking you to input your personal details
- Step 5: Click Proceed to continue the process
- Step 6: Follow the on-screen process to complete the process