Personal Finance from Sharjah Islamic Bank allows you to manage your expenditure and finance the purchase of goods and services with peace of mind and no hidden costs.
Based upon the Islamic financing principles of Ijara for services and Murabaha for goods, Personal Finance from Sharjah Islamic Bank helps you to meet expenses and fulfill your financial responsibilities in a Sharia’a compliant manner.
Personal Finance under Service Ijara:
- Air travel and holiday packages including Haj and Umrah
- Educational fees
- Residential accommodation and commercial rental payments
- Medical treatment
- Marriage and wedding expenditure
Features & Benefits:
- Speedy process and approval
- Flexible repayment periods
- Convenient monthly installments
- Competitive rates
- Financing amounts up to AED 250,000
Eligibility:
- UAE Nationals and residents
Personal Finance under Goods Murabaha:
- Household furniture
- Electronics and domestic appliances
- Building materials
- Boats
- Motorcycles
- Tools and machinery
Features & Benefits:
- Speedy process and approval
- Up to three months grace period on your first installment
- Flexible repayment periods
- Convenient monthly installments
- Higher financing amounts of up to AED 250,000
- No additional charges or processing fees
Eligibility:
- UAE Nationals and residents
Required documents:
- Letter from the service provider
- Three months bank account statement
- Salary transfer letter
- Valid Passport copy with original ID
- Valid UAE Residence Visa for Expatriates
- Original dealer quote in the name of ‘Sharjah Islamic Bank’
Terms & conditions apply