Established in 1975, SIB transitioned to Islamic banking in 2002. Today, it provides Shariah-compliant, retail, corporate, and investment products and services through 32 branches in the U.A.E. It also provides hospitality, brokerage, and real estate services through its three fully-owned subsidiaries, Sharjah National Hotels, Sharjah Islamic Financial Services, and ASAS Real Estate. The bank’s net profit grew by 30.8% in 2023 to reach $232 million. In March 2024, the bank signed a $100 million three-year Murabaha financing agreement with Türkiye Wealth Fund.