Compare Sharjah Islamic Bank UAE dirham currency transfer options when sending money or making payments overseas in AED, GBP, EUR and other currencies. You can beat Sharjah Islamic Bank exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your Sharjah Islamic Bank account in UAE dirham, UK pounds, euro, US dollars and many other popular currencies will involve a margin or exchange rate of around 2.5% and additional bank transaction or commission fees may apply.
Sharjah Islamic Bank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your Sharjah Islamic Bank account in the UAE needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 100,000 UAE dirham (AED) using Sharjah Islamic Bank services would have a transaction exchange rate margin of around 2.5% – or 2,500 AED. Using a specialist broker, in this example Currencies Direct – the exchange rate margin would work out at between 0.7 to 1.0% – or only 700 to 1,000 AED in total, which is a large saving over the bank service.
International money transfers from Sharjah Islamic Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Sharjah Islamic Bank account holder to use their services. Sharjah Islamic Bank may charge a commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 or 20,000 UAE dirham.
Unless you pay a premium, Sharjah Islamic Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Sharjah Islamic Bank is a publicly listed Islamic bank in the United Arab Emirates. Created in 1975 Sharjah Islamic Bank currently operates through 23 branches in the UAE.
Find Sharjah Islamic Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Sharjah Islamic branches in your search area results.
You can find answers to everyday banking questions at Sharjah Islamic online. If you can’t find the answer you’re looking for, you can call them from outside the United Arab Emirates on +971 6 599 9999
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers