Car Finance
Whether you are looking to buy a new or pre-owned vehicle, our Car Finance solution is your instant path to competitive profit rates and flexible payment terms. So, get ready to leave with keys in hand and road test your new car without delay.
Important Update on Visa Credit Cards
Effective: 31st December 2024
SIB Credit Cards (Visa) will be discontinued and closed on 31 Dec 2024. We encourage you to settle any outstanding balance on this card before this date.
Existing SIB Visa Credit Cardholders are offered the option to avail our all new Smiles Platinum Visa Covered Card that hosts a wide range of benefits.
SMS “Platinum” to 6667 to contact you, or feel free to call us on 065999999 for more information.
Car Finance
Whether you are looking to buy a new or pre-owned vehicle, our Car Finance solution is your instant path to competitive profit rates and flexible payment terms. So, get ready to leave with keys in hand and road test your new car without delay.
Tayseer "Salary Advance" Service Discontinued
20 June 2024
Effective 20 June 2024, Tayseer “Salary Advance” will no longer be available.
We provide a variety of products and services that helps manage your financial liabilities and organize your expenses. Whether it is an installment postponement, additional finance, or a covered card, we are here to meet your banking needs.
To know more, contact our 24x7 team through 065999999 or visit your nearest branch www.sib.ae/FindUs
Car Finance
Whether you are looking to buy a new or pre-owned vehicle, our Car Finance solution is your instant path to competitive profit rates and flexible payment terms. So, get ready to leave with keys in hand and road test your new car without delay.
Safe Deposit Locker
Fees & Eligibility Update
To enhance our banking services and to ensure complete transparency, we have revised the Safe Deposit Locker eligibility criteria, effective 1 April 2024, the following criteria will apply on Safe Deposit Locker applications:
1- Customer minimum salary AED 40,000
2- Or minimum average balance for 6 months AED 300,000
3- Security Deposit AED 3,000
4- Minors and Non UAE residents are not eligible
View Schedule of Fees & ChargesOur commitment to unparalleled service
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Frequently Asked Questions
What is the down payment required for Islamic Car Finance?
The down payment is determined by central bank guidelines, with a minimum benchmark of 20%. It may vary depending on the bank's policies.
What happens if I miss a payment?
Late payments may incur penalties, which are donated to charity as per sharia principles.
Can I settle my Car Finance early?
Yes, early settlement is allowed, subject to the bank’s terms and conditions.
What is the maximum payment tenure for Islamic Car Finance?
The maximum payment tenure is 60 months.
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