Sharjah Islamic Financial Services at a glance
Sharjah Islamic Financial Services (SIFS) is the brokerage subsidiary of Sharjah Islamic Bank, licensed by the UAE Securities and Commodities Authority under number 604090. It brokers Sharia-compliant shares listed on ADX and DFM, with Murabaha-based margin trading.
Sharjah Islamic Financial Services reports a founding year of 1 October 2005 and a head office in Sharjah, United Arab Emirates. It lists 1 regulator and 2 trading platforms.
BrokerBazaar verdict
SIFS is a UAE-regulated securities brokerage focused on Sharia-compliant trading in ADX and DFM equities. Its offering is specialised rather than broad, with access to UAE markets, electronic trading and margin financing under its Islamic brokerage framework.
Legal entities, regulation and licences
Sharjah Islamic Financial Services operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Sharjah Islamic Financial Services states that it accepts clients from United Arab Emirates. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Shares. Platforms: SIFS Trading mobile app, Telephone brokerage. Account types: Trading Account.
Best-for tags assigned by our team: Islamic Accounts, Local Markets, Bank-Backed.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is Not publicly specified. Spreads start from Not Available and commission is DFM: 0.28625% + AED 10.50 mini…. Maximum leverage is Not publicly specified, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (yes). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer. Withdrawal methods: Bank Transfer.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: CMA: Segregation of client funds required. Compensation: No central compensation scheme.
Complaints and dispute process
Formal complaints: sifs@sifs.ae. Phone: +971 6 599 2555. Customers can contact SIFS through its official contact channels to raise service or account-related complaints and enquiries. SIFS provides a contact form, email, telephone and customer-service numbers on its official website.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: SCA licence 604090 confirmed in the firm's official account-opening agreement
- Strength: UAE-regulated securities brokerage
- Strength: Subsidiary of Sharjah Islamic Bank
- Strength: Access to Sharia-compliant shares listed on ADX and DFM
- Strength: Electronic trading and portfolio management facilities
- Strength: Provides ADX and DFM NIN issuance and securities-transfer services
- Strength: Offers Sharia-compliant margin financing
- Limitation: Market access is primarily focused on UAE-listed securities
- Limitation: No forex, CFD or conventional international multi-asset trading offering
- Limitation: Trading is limited to securities meeting the firm's Sharia-compliant framework
- Limitation: No publicly stated universal minimum deposit identified
- Limitation: Margin trading introduces additional financing and market risk
Who this broker suits, and who it does not
Sharjah Islamic Financial Services is most relevant to traders looking for: Islamic Accounts, Local Markets, Bank-Backed.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Sharjah Islamic Financial Services change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Sharjah Islamic Financial Services yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Sharjah Islamic Financial Services
Data sources. Broker submission, the regulator registers linked above, SCA licence 604090 stated in the firm's official account-opening agreement, corroborated by the SCA 2024 annual report and the AD Clear clearing member list, web-archive and domain records, and third-party traffic data. Last register check 2026-09-15. External ratings: Trustpilot N/A/5; WikiFX N/A/N/A; Apple App Store 5/5; Google Play store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with Sharjah Islamic Financial Services. How we make money. Trading leveraged products carries a high risk of loss.