Extract client transfers, Murabaha instalments, and SEWA debits from your Sharjah Islamic Bank PDF — AED, bilingual, in seconds.
Convert your statementSharjah Islamic Bank is the oldest Islamic bank in Sharjah emirate. It serves Emirati nationals and Muslim expat freelancers in Sharjah, Ajman, and the northern emirates. Statements are short — typically one to three pages for a freelance retail account — which makes the conversion fast and the review even faster.
Since June 2023, UAE corporate tax is 9% on profits above AED 375,000. Freelancers are inside the net once income crosses that line. SIB statements are accepted by the FTA as primary evidence of revenue and deductible costs.
SIB statements carry Sharia-compliant transaction labels: MURABAHA INSTALMENT, IJARA PAYMENT, and similar. These are not interest. They are the cost of an Islamic financing contract. Kashfbank keeps the original Arabic and English label intact — we do not relabel them as 'interest' because they are not interest.
Client transfers usually arrive as ONLINE TRANSFER or SALARY CREDIT. SEWA (Sharjah Electricity and Water Authority) appears as UTILITY PAYMENT. The statement is bilingual Arabic-English with AED throughout and dates in DD/MM/YYYY.
Revenue minus deductible costs is the CT base. The FTA wants both the bank evidence and the matching invoices.
Bilingual Arabic-English PDF consistent with UAE Central Bank reporting standards. AED denominated. Dates DD/MM/YYYY. Sharia-compliant product labels (Murabaha, Ijara) in transaction descriptions. IBAN, branch code, and statement period in header. Separate debit/credit columns with running balance.
| Label | Meaning |
|---|---|
| POS PURCHASE | Card payment at merchant |
| ATM WITHDRAWAL | Cash withdrawal from ATM |
| SALARY CREDIT | WPS salary credit |
| MURABAHA INSTALMENT | Monthly Islamic finance repayment |
| IJARA PAYMENT | Islamic lease payment |
UAE freelance permit holders are subject to 9% corporate tax on profits above AED 375,000 (since June 2023); statements must distinguish service income from personal transfers to calculate taxable profit.
Pull the statement from SIB Mobile
Request the statement covering your full CT period. SIB statements are short — usually one to three pages for a retail account.
Upload to Kashfbank
Drop the PDF in. Bilingual headers, AED amounts, and Islamic product labels are extracted with the original wording preserved.
Tag the Islamic finance rows
MURABAHA INSTALMENT and IJARA PAYMENT rows are tagged as Financing Cost, not Interest. Your tax agent maps these to the right chart-of-accounts line.
Export to CSV
Download into Zoho Books or your accountant's tool. Keep the original PDF for the seven-year FTA window.
Common challenges
Does Kashfbank treat Murabaha as interest in the output?
No. Murabaha is the cost of an Islamic finance contract, not interest. We keep the label as MURABAHA INSTALMENT and tag the row as Financing Cost — your tax agent applies the right accounting treatment.
My SIB statement is in Arabic only. Will it extract correctly?
SIB statements are bilingual Arabic-English by default. If yours is Arabic only, Kashfbank's Arabic OCR still extracts every row natively — no translation step needed.
Does the FTA accept SIB statements for a freelance CT return?
Yes. The FTA accepts statements from any UAE-licensed bank, conventional or Islamic. The bank's licence type does not affect the filing — the transactions on the statement do.
My SIB PDF is image-scanned. Does it still work?
Some older SIB PDFs are not text-selectable. We run those through OCR before extraction. The accuracy drop on legible scans is minor; any low-confidence row is flagged.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English