Bank of Sharjah

What Bank of Sharjah does

Bank of Sharjah P.J.S.C. is a UAE-based commercial and investment banking institution established in 1973 as the first commercial bank in Sharjah and the fifth in the UAE. Headquartered in Sharjah with a branch-led distribution model, the bank serves corporate and institutional clients through relationship-based banking, including corporate lending, deposit services, trade finance, treasury operations, and investment banking services. Its primary segments are corporate and institutional clients, with government and semi-government entities as a secondary vertical, and its go-to-market is enterprise field sales targeting large UAE and Middle Eastern corporate borrowers and institutional investors.

The bank's revenue model rests on two principal streams: net interest income from lending, deposits, and interbank operations (Dh215 million in Q1 2026, up 49% year-over-year), and transaction-based investment banking and advisory fees from acting as Joint Lead Manager and Bookrunner on sukuk and bond issuances. The institution has positioned itself as a regional Islamic finance player, executing multiple oversubscribed sukuk mandates for high-profile issuers including Omniyat Holdings (three issuances totaling over $1.5 billion within nine months, including a $500 million green sukuk) and Ittihad International Investment LLC ($550 million). It does not publicly disclose pricing on loans, deposits, or fees, with terms negotiated bilaterally based on creditworthiness and market conditions. The bank reports under the legal name Bank of Sharjah P.J.S.C. and operates with a headcount of 101–250 employees.

Financially, Bank of Sharjah is in a strong growth phase. Total assets reached Dh55 billion in Q1 2026 (13% year-over-year growth), FY2025 net income was AED729 million (89.7% earnings growth), and the bank proposed a cash dividend of AED195 million for 2025. Leadership includes Mohamed Khadiri (CEO), Varouj Nerguizian (Group CEO), Paul Cox (Chief Retail Banking Officer), and Norhan Ezzat (Head of Transaction Banking). The source data contains no evidence of AI/ML capabilities, patents, technology platform architecture, or digital product launches — the bank operates as a traditional relationship-driven financial institution.

Name

Bank of Sharjah

Legal name

Bank of Sharjah P.J.S.C.

Website

https://bankofsharjah.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

251–500 employees

Short description

Bank of Sharjah is a UAE-based commercial and investment bank established in 1973, serving corporate and institutional clients in Sharjah and the broader Middle East through corporate lending, treasury services, and sukuk structuring and underwriting as Joint Lead Manager and Bookrunner.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Islamic Corporate Banking (FSABAGAC)

akta.pro secondary industries

Sukuk Origination & Structuring (Bank-led) (FSABAGAL), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Corporate banking services
• Sukuk issuance management
• Investment banking advisory
• Trade finance solutions
• Islamic finance products

Headquarters

HQ city

Sharjah

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest income earned from lending activities, deposits, and interbank operations. The bank reported Dh215 million net interest income in Q1 2026, representing 49% growth year-over-year.
2. Investment Banking and Advisory Fees: Fees earned from acting as Joint Lead Manager and Bookrunner for sukuk and bond issuances. Revenue generated through structuring, underwriting, and distribution fees on capital markets transactions.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Bank of Sharjah is a UAE-based commercial bank providing corporate and institutional banking services, including corporate lending, deposit products, trade finance, treasury services, and investment banking. The bank specializes in acting as Joint Lead Manager and Bookrunner for sukuk and bond issuances, structuring, underwriting, and distributing Islamic finance transactions for regional corporate and government-linked issuers.

Product overview

Bank of Sharjah is a financial institution providing banking services including corporate banking, investment banking activities such as acting as Joint Lead Manager and Bookrunner for sukuk issuances, and asset management. The bank primarily serves corporate and institutional clients in the UAE and wider Middle East region.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Banking Services Corporate lending, deposit products, trade finance, and treasury operations provided to corporate and institutional clients in the UAE and broader Middle East region.
• Sukuk Structuring and Issuance Investment banking services where Bank of Sharjah acts as Joint Lead Manager and Bookrunner for sukuk and bond issuances, providing structuring, underwriting, and distribution of Islamic finance transactions for corporate and government-linked issuers.
• Treasury and Liquidity Management Treasury operations and liquidity solutions offered to corporate and institutional clients for cash management and funding needs.
• Advisory and Capital Markets Services Advisory services supporting corporate and government-linked entities in accessing domestic and international capital markets, including investor base development and pricing support.

Quantifiable outcome

• Record Q1 2026 net profit of Dh151 million, representing 30% year-over-year increase
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Commercial Bank of Dubai (CBD): A UAE commercial bank focused on corporate and institutional clients, with similar balance sheet scale and DCM capabilities. CBD is a comparable mid-to-large UAE corporate bank.
• Sharjah Islamic Bank: Headquartered in Sharjah and operating in Islamic banking, Sharjah Islamic Bank is the most direct local competitor in the same emirate. Both serve corporate and institutional clients in Sharjah with sharia-compliant products.
• Abu Dhabi Commercial Bank (ADCB): A top-three UAE bank providing corporate banking, treasury, and capital markets services. ADCB competes for similar large corporate clients and regional DCM mandates as BoS.
• Abu Dhabi Islamic Bank (ADIB): A leading Islamic bank in the UAE offering corporate banking and sharia-compliant financing products. ADIB is a directly comparable Islamic commercial bank competing for similar institutional clients and sukuk mandates.
• Dubai Islamic Bank (DIB): The largest Islamic bank in the UAE by assets, DIB provides corporate banking, sukuk origination, and treasury services. It competes directly with BoS for regional Islamic finance mandates.
• Mashreq Bank: A major UAE commercial bank offering corporate banking, investment banking, and capital markets services. Mashreq competes with BoS for UAE corporate relationships and DCM mandates.

Regional players

• National Bank of Fujairah (NBF): A UAE commercial bank headquartered in Fujairah serving corporate and institutional clients in the Northern Emirates. NBF operates in a similar regional UAE niche and competes with BoS for Sharjah and Northern Emirates corporate relationships.
• RAKBank: A UAE commercial bank based in Ras Al Khaimah serving corporate and retail customers in the Northern Emirates. RAKBank competes with BoS for similar mid-sized UAE corporate clients in non-Dubai/non-Abu Dhabi markets.

Broad incumbents

• Emirates NBD: The largest banking group in the UAE by assets, Emirates NBD provides corporate banking and DCM services across the country. It competes with BoS for large corporate and institutional mandates in sukuk origination.
• First Abu Dhabi Bank (FAB): UAE's largest bank by assets and a leading sukuk issuer and bookrunner globally. FAB competes with BoS for regional DCM mandates and large corporate relationships across the UAE.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Sharjah