ProviderSharjah Islamic Bank
Sharjah Islamic Bank Business Finance
Eligibility unknownShariah-compliantBusiness LoansTerm finance for SMEs and established companies.
Last verified Nov 11, 2026, 3:02 PM1 source behind these figures
Terms and conditions
| Pricing | |
| Minimum amount | AED 200,000.001 source
|
|---|---|
| Maximum amount | AED 500,000.001 source
|
| Rate type | Reducing balance1 source
|
| Interest rate (APR) | —No evidence recorded |
| Profit rate | 12.33% p.a.1 source
|
| Processing fee | 1.50% flat1 source
|
| Processing fee cap | AED 2,625.001 source
|
| Early settlement fee | 1.00% flat1 source
|
| Terms | |
| Salary transfer required | No1 source
|
| Processing time | 7 days1 source
|
| Minimum company vintage | 36 months1 source
|
| Minimum annual turnover | AED 500,000.001 source
|
| Accepted collateral | Unsecured, Receivables1 source
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| Shariah compliance | |
| Shariah structure | Tawarruq1 source
|
| Profit rate basis | Reducing balance1 source
|
| Shariah board reference | SIB-SSB-2026-0271 source
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| Eligibility | |
| Minimum monthly income | AED 0.001 source
|
| Minimum age | 21 years1 source
|
| Maximum age at maturity | 70 years1 source
|
| Residency eligibility | Residents and UAE nationals1 source
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| Eligible employer types | Self-employed1 source
|
| Minimum tenure | 12 months1 source
|
| Maximum tenure | 60 months1 source
|