Sharjah Islamic Bank Murabaha Personal Finance for UAE Nationals

    Min SalaryAED 8,000
    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 8,000 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 - Dubaisavers

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