Sharjah Islamic Bank (SIB) Business Financing

Minimum Salary
0,00 د.إ

Description

For short-term liquidity, the Business Overdraft (Platinum Overdraft) provides on-demand Shari’a-compliant funding. For fixed-term asset or project financing, choose Murabaha Business Finance or Ijarah Asset Finance. For medium-term working-capital and trade cycles, Working-Capital Finance and Trade Finance offerings deliver tailored structures.

Features

  1. Product Suite Overview
Facility Name Purpose Maximum Facility Tenor Structure & Collateral
Business Overdraft Day-to-day cash flow, payroll, inventory AED 2 million¹ Revolving (annual renewal) Unrestricted; lien on current account balances
Murabaha Business Finance CAPEX, expansion, fixed-term funding AED 10 million² 6–60 months Murabaha sale; asset pledge or guarantee
Ijarah Asset Finance Lease of machinery, vehicles, equipment AED 8 million³ 12–84 months Ijarah lease; asset ownership pledged
Working-Capital Finance Raw materials, inventory, receivables financing AED 5 million⁴ Up to 12 months Receivables assignment or inventory lien
Trade Finance Letters of Credit, Guarantees, Documentary Collections AED 10 million⁵ Per trade cycle Cash margin or charge over receivables

 

¹ Subject to client credit profile; unsecured up to limit.
² Credit assessment and collateral dictate size.
³ Based on asset valuation; lease-to-own option available.
⁴ Revolving credit, renewable quarterly.
⁵ Per transaction limits vary by product type.

  1. Profit Rates & Charges

All fees and rates exclusive of 5% VAT.

Profit / Rental Rates

Facility Rate Structure Indicative Rate Range
Business Overdraft Tawarruq financing on drawn balance EIBOR + 2.00%–3.00% margin
Murabaha Business Finance Cost-plus sale (fixed profit) 7.00%–10.00% p.a.
Ijarah Asset Finance Lease rental (fixed) 6.50%–9.50% p.a.
Working-Capital Finance Commodity Murabaha EIBOR + 2.25%–3.25% margin
Trade Finance Wakalah / Murabaha fees 0.125%–0.30% pm of value

 

Schedule of Fees

Fee Type Charge
Processing / Arrangement Fee 1.00% of facility amount (min AED 500; max AED 2,500)
Takaful (Credit Insurance) 0.50%–1.00% of outstanding balance annually
Early Settlement / Prepayment Fee 1.00% of outstanding balance (max AED 10,000)
Installment Deferment Fee AED 150 per deferment
Late-Payment Charity Contribution AED 100 per missed installment
Drawdown Amendment / Rescheduling Fee AED 200 per amendment
Liability / No-Objection Letter AED 200
Asset Valuation / Property Inspection AED 2,000 per request

 

  1. Eligibility Criteria
  • Minimum Operating History:
    • Overdraft & Working-Capital: ≥ 1 year of UAE operations
    • Murabaha & Ijarah: ≥ 2 years of audited trading
  • Annual Turnover:
    • Working-Capital & Overdraft: ≥ AED 2 million
    • Murabaha & Ijarah: ≥ AED 5 million
  • Credit Profile: Clean corporate and principal credit assessments
  • Shari’a Compliance: Business activities must adhere to Islamic principles

Documents Required

  1. Completed SIB Business Finance application form
  2. Valid Trade License, Commercial Registration, and Chamber of Commerce certificate
  3. Memorandum & Articles of Association; Board resolution authorizing finance
  4. Audited financial statements (last 2 years) for term facilities > AED 2 million
  5. Six months’ business bank statements
  6. Emirates ID, passport, UAE visa copies of authorized signatories
  7. Asset documentation: purchase invoices, title deeds, equipment specs
  8. Receivables aging report for Working-Capital facilities
  9. Corporate guarantees or personal guarantees if required

Additional Info

  • Unrestricted Liquidity: Overdraft auto-replenishes, charging profit only on utilized amounts
  • Fixed-Rate Certainty: Murabaha and Ijarah instalments are predictable, aiding budgeting
  • Tailored Tenors: Asset life–based Ijarah tenors up to 7 years; working-capital aligned to trade cycles
  • Trade Support: Competitive documentary credit and guarantee units, easing import/export flows
  • Digital Convenience: Full application, disbursement, and repayment via SIB Online and Mobile App
  • Dedicated Relationship Management: Sector specialists guiding structuring, execution, and post-disbursement support
  • Shari’a Governance: All products endorsed by SIB’s Shari’a Supervisory Board

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