Islamic Car Financing in Sharjah

ADIB's vehicle finance for new and used cars: up to AED 1 million for UAE nationals and AED 500,000 for expatriates with salary transfer, or up to AED 350,000 without salary transfer, tenors to 60 months, minimum salary AED 5,000, ages 21 to 65 (nationals) / 60 (expats) at maturity. One instalment deferment allowed per year. Motor Takaful protection offered alongside, and ADIB Wheels Deals partnerships with dealers surface negotiated offers. A separate ADIB Volt program finances electric vehicles (new Mercedes, BMW, Audi EVs) at profit rates from 1.79%. Profit rates for the core product are not published; ADIB directs customers to contact the bank for its best offering.

Murabaha vehicle finance with one of the most segmented offers in the UAE: standard salaried (minimum salary AED 5,000, new cars to AED 1.5 million, used to AED 750,000, 80% of vehicle value, 12-60 months), self-employed (minimum income AED 8,000 nationals / AED 20,000 expats), an Ajman Government employee offer (minimum salary AED 4,000 with waived processing fee), an Exotic Cars tier (up to AED 2 million at 70% FTV, income AED 30,000-40,000), a 50-50 plan (50% down, one month bank statement) and a Secured option against 110% cash collateral. Salary transfer is not required and processing is 1% of finance (min AED 500, max AED 2,500).

Murabaha vehicle finance with up to 80% financing, repayment to 60 months, first payment deferred 45 days, and the option of two installment deferments annually, a flexibility feature most competitors reserve for Ramadan campaigns. Takaful-based vehicle insurance can be financed within the facility, and customers get an Islamic current account with waived minimum balance for the financing duration. Profit rates are described as competitive fixed Murabaha rates but not published as a card.

DIB's core vehicle finance for new and used cars, salaried and self-employed, with no salary transfer required and a minimum salary of AED 3,000. Financing up to AED 1 million for individuals and up to AED 8 million for non-individual customers (AED 3.5 million for new-to-bank companies), tenors up to 60 months. Published flat profit rates from 2.15% to 6.00% p.a. (3.93% to 10.98% reducing), varying by salary, segment and nationality. Due Diligence and Documentation fee is 1.05% of the finance amount (minimum AED 520, maximum AED 2,620). Minimum finance AED 10,000; minimum down payment 20% per Central Bank rules; maximum DSR 50%; cars up to 10 years old; Takaful and accessories financeable up to 15% of car price (Islamic/Takaful insurance only). Optional ILOE (involuntary loss of employment) Takaful covers up to AED 30,000 of instalments for 6 months via Watania Takaful.

Emirates Islamic's Murabaha vehicle finance with published segment pricing: new cars from 2.49% flat p.a. (4.72% reducing) for UAE nationals and 2.65% flat (5.01% reducing) for expatriates (starting rates require salary transfer and AED 50,000 monthly salary); certified pre-owned and used cars from 3.19% flat (5.98% reducing) with a AED 10,000 salary floor. Finance up to AED 1.5 million, tenors 12 to 60 months, no salary transfer required (better rates with it). Processing fee 1.05% of finance amount (min AED 525, max AED 2,625); first-instalment grace up to 60 days; two non-consecutive deferments per finance year at AED 105 each; EMI date changes AED 26.25; approval decisions in about 4 hours; VAT, accessories and Takaful financeable; comprehensive Islamic vehicle Takaful is a condition of financing; vehicle finance cannot be bought out.

Murabaha auto finance up to AED 1.5 million or 80% of the car's value, for new and pre-owned vehicles, with a 90-day grace period before the first installment. Pricing is published in an honest dual format: UAE nationals with the Multi Product Package (salary transfer + Islamic credit card) pay from 2.15% flat (equivalent to 4.10% reducing), expats from 2.29% flat (4.35% reducing); salary transfer without the card prices at 3.19%/3.24% flat, and self-employed rates start at 3.44% flat (6.43% reducing). A worked example on-page shows a AED 100,000, 48-month finance costing AED 13,292-13,500 in total profit. Processing is 1.05% of the finance amount.

Sharia-compliant vehicle finance with profit rates advertised from 2.05% (the flat-rate equivalent at 60-month tenure; RAKBANK quotes on a reducing basis and converts on its calculator), for finance amounts between AED 10,000 and AED 1,000,000 over 12 to 60 months. The customer's down payment is framed as Hamish Jiddiyah (security deposit) in the calculator, processing runs 1% to 1.5%, and the indicative calculator, key fact statement and service-and-price guide are all published on the page for businesses and individuals alike.

Murabaha car finance for new and used vehicles from AED 20,000 to AED 1,000,000 over up to 60 months. SIB's standard advertised rate is 2.49% fixed per annum (a 1.79% promotional rate ran during Ramadan 2025), with a minimum monthly income of AED 5,000 for most salaried segments, rising to AED 6,000-10,000 for expatriates at non-listed employers without salary transfer. Self-employed applicants qualify with AED 10,000 average monthly net profit or 40% of a minimum AED 50,000 average monthly credit balance. Salary transfer to SIB is not required.