Established in 1975, SIB transitioned to Islamic banking in 2002. Today, it provides Shariah-compliant, retail, corporate, and investment products and services through 34 branches in the U.A.E., as of March 2025. The bank’s net profit rose by 25% in 2024 to $285 million. In February 2025, it priced a $500 million senior unsecured sukuk at a yield of 5.20%. As of May 2025, Sharjah Asset Management and the Sharjah Social Security Fund, fully owned entities of the Government of Sharjah, owned 28.46% and 15.12% of the bank’s shares, respectively.