Sharjah Islamic Bank Murabaha Personal Finance for Expats

  •   July 17, 2017

Min SalaryAED 6,000
Salary TransferYes
Max Finance AmountAED 300,000
Arrangement Fee1%
Flat Rate (As Advertised)3.79% p.a.
Reducing Rate (est. equivalent)6.87% p.a.
Early Settlement Fee1%



  • The finance is given against goods.


  • This finance is sharia-compliant.
  • Maximum finance amount is 20 times of customer’s salary.
  • You require a minimum salary of AED 6,000 per month to be eligible.
  • It is a requirement to transfer your salary to apply.
  • The processing fee is 1% of finance amount [Min AED 500; Max AED 2,500].
  • The early settlement fee for this finance is 1% of the outstanding amount (principal + profit) to date. The bank has the discretion to waive any or all of the total outstanding profit.
  • Takaful is not included as part of the finance.
  • Rate is calculated as a flat rate and varies depending on salary and whether the company is listed with the bank.
  • The flat rate of this finance is 3.79% and the equivalent rate in reducing balance is 6.87%. The calculation used is a multiplication of the flat rate by 1.814 and this is indicative only.


Sharjah Islamic Bank Murabaha Personal Finance for Expats
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