SIB Car Finance 2024 New Features

Minimum Salary

AED 8,000

Monthly Payment

AED 1,437

Flat Rate


Down Payment


Salary Transfer


Early Settlement Fees


Maximum Term

0 Years

Reducing Rate


Ever thought owning your dream car was just a fantasy? Think again.SIB Car Finance 2023/2024 New Features without any hidden costs or unexpected fees, operating on the transparent and ethical Murabaha concept. The swift service, streamlined processes, and prompt approvals redefine the ease of acquiring finance.

Key Features Of SIB Car Finance 2024 New Features

  • Applicable for both new and used cars
  • Flexible and extended repayment periods
  • Islamic insurance financing options available
  • Competitive interest rates

Documentation Requirements

To kickstart your dream car journey, the following documents are needed:

  • Original passport & UAE National ID
  • Valid UAE residence visa for expatriates
  • Employment and/or Labor Card (for father/husband-sponsored clients)
  • Valid Residence Visa (for Expatriates)
  • Salary Certificate
  • Security Cheque (with car amount) & Valid Driving License

Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank-Islamic
Abu Dhabi Islamic Bank
Ajman Bank
Arab Bank
Commercial Bank International
Commercial Bank of Dubai
Dubai Islamic Bank
Emirates Islamic
Emirates NBD
Finance House
First Abu Dhabi Bank
National Bank of Fujairah
National Bank of Umm Al Qaiwain
Noor Bank
Sharjah Islamic Bank
Standard Chartered Bank
United Arab Bank
simplylife from ADCB
SIB Car Finance 2023/2024 New Features


Sharjah Islamic Bank (SIB), a prominent financial institution based in the United Arab Emirates, is a leading proponent of Islamic banking principles, offering a comprehensive range of financial services. Renowned for its commitment to transparency and ethical practices, SIB has positioned itself as a trusted partner for individuals and businesses seeking Sharia-compliant solutions. The bank's innovative approach is evident in its Car Finance offering, based on the Murabaha concept, ensuring no hidden costs or unexpected fees. SIB's dedication to efficiency is reflected in its swift service, streamlined processes, and prompt approvals, making financial solutions easily accessible. With a focus on customer satisfaction and adherence to Islamic values, SIB continues to contribute significantly to the UAE's banking sector, providing clients with ethical and tailored financial services.

If you're in the market for a car loan, you're in the right spot. We offer an extensive selection of over 40 diverse car loan options for you to consider. We've carefully assessed criteria such as minimum salary requirements, monthly repayment plans, and the flat rate percentage.