Business accounts for SMEs in MENA
Sharia-compliant, multi-currency accounts with transparent foreign exchange rates. Open a business account in 15 minutes — no Emirates ID required
What is a Shokran business account?
Start opening a business account in ~15 minutes with no Emirates ID required. Enjoy transparent pricing and Sharia-compliant solutions tailored for SMEs
Shokran offers a digital banking platform designed for MENA-based SMEs in industries like IT, consulting, trade, e-commerce, and healthcare.
Guided by Shariah principles, our small business banking account provides flexible currency options, secure cross-border payments, and clear pricing to fuel your growth.
We eliminate the frustrations of traditional banking—such as lengthy approvals and hidden fees — making it easy to open a small business account and focus on expanding your operations with a trusted partner.
Transparent pricing for SMEs
Shokran offers clear and affordable pricing to help SMEs budget confidently with their small business banking account
Ethical and Sharia-compliant
All services align with Islamic sharia banking, ensuring ethical and halal solutions
SME-friendly solutions
Designed for startups, agencies, and entrepreneurs often overlooked by traditional banks
Global accessibility
Operate in MENA and beyond with multi-currency accounts and international transfer capabilities
24/7 Support
Our team responds within 5 minutes to resolve issues like incorrect transfers or account queries
How to open and use your business account
Opening a business account online with Shokran is simple and efficient, designed to minimize bureaucracy for SMEs
Required documents
- Certificate of Incorporation
- KYC
- Proof of Address
Sign up online in minutes
Complete a straightforward online registration form in roughly 15 minutes. No minimum deposit is required, making our new business banking account accessible for startups often overlooked by traditional banks
Verify identity without Emirates ID
Submit your KYC and KYB documents via our online verification flow in embedded SumSub widget — no Emirates ID needed. This step ensures compliance with regulations while keeping the process fast for your online business banking account
Access multi-currency account and start transfers
Once verified, access your multi-currency business banking account (USD, EUR, AED, GBP, CNY, and more). Begin secure, global transfers with transparent fees and 24/7 support to guide you
Key features for SMEs
Manage funds in USD, EUR, AED, GBP, CNY, and more for seamless global transactions. Exchange money at fair rates with no hidden fees, ensuring predictable expenses.
Open a business banking account online in about 15 minutes, no Emirates ID needed.
Get quick answers in under 5 minutes, any time of day.
Certified by an independent Sharia Supervisory Board, we prioritize interest-free financing and fair partnerships.
Send and receive funds efficiently via SWIFT, SEPA, or IBAN.
Securely manage regulated digital assets for your business needs.
Tailored for your business
Shokran delivers customized banking solutions for various industries, ensuring your new business banking account meets your specific needs
Consulting and marketing agencies
Process client payments quickly and securely, ensuring smooth cash flow for your projects with efficient banking tools
IT and SaaS companies
Effortlessly manage payments for software licenses and subscriptions with multi-currency accounts and fast global transfers
Import and export businesses
Simplify international trade with accounts supporting USD, EUR, AED, GBP, CNY, and more, designed for seamless cross-border transactions
Healthcare and medtech startups
Access secure, Shariah-compliant accounts to support innovative ventures, with transparent pricing for predictable finances
E-commerce and online retail
Efficiently handle sales and payments with our multi-currency online business banking account, tailored for online businesses
Sharia-compliant and fully regulated
Shokran builds trust through ethical practices, ensuring your business banking account aligns with Shariah principles
Certified Sharia compliance
Certified by an independent Sharia Supervisory Board, we avoid interest and use asset-backed financing
Strict AML and KYC compliance
We adhere to rigorous regulations to ensure secure operations for your account
Transparent terms and conditions
Our agreements are clear, with no hidden fees, fostering confidence for SMEs
Why Shokran stands out for your business
We focus on fairness, accessibility, and supporting your success when you open a small business account
Choose Shokran to open a business banking account online that aligns with your values and supports your growth
Business account FAQs
Can I open an account without an Emirates ID?
Yes, Shokran simplifies onboarding with standard KYC and AML documents sent to support@shokran.io. No Emirates ID is needed to open a business account.
Which currencies are available in Shokran accounts?
We support USD, EUR, AED, GBP, CNY, and more. Visit shokran.io/countries for details and country restrictions.
Is Shokran fully certified as Sharia-compliant?
Yes, certified by an independent Sharia Supervisory Board, ensuring no interest and ethical investments for your business banking account.
Does Shokran support regulated digital assets?
Yes, we support secure handling of compliant digital assets. Contact our team for more information.
