Compare Sharjah Islamic Bank home finance
Sharjah Islamic Bank is an Islamic lender people ask about when they already bank in Sharjah. It is not one of the fifteen names on our published panel. We can say whether a case can go there. We will not invent a Sharjah Islamic Bank profit rate in the meantime.
A&A Mortgage Services is the name we use for Mortgage Broker LLC.
A&A Mortgage Services is an independent mortgage broker, provided by Mortgage Broker LLC. We are not Sharjah Islamic Bank and we are not affiliated with Sharjah Islamic Bank. We are not a bank. If a loan is approved, the lender provides it. Nothing on this page is that bank's rate, and nothing here is an offer.
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How a Sharjah Islamic Bank comparison works
We take the same facts to more than one lender: the price or budget, the deposit, whether you live in the UAE, how you are paid, and whether the home is ready or off-plan.
What comes back is a set of offers, or a set of refusals. A headline rate is only one line of that. Salary transfer, the arrangement fee, the fixed period and the early settlement cost all change what you pay.
The advice from A&A Mortgage Services is free of charge to you. We work with every major UAE lender, on your behalf. The bank still decides.
What actually changes the cost
On an Islamic contract, compare the profit in dirhams, the term, the fees and what happens if you settle early. Do not convert a profit rate into an interest rate in your head and stop there.
The Central Bank of the UAE caps the loan-to-value. For a first home you live in, the ceiling is 85% for a UAE national and 80% for an expatriate when the property is AED 5 million or under, and 75% or 70% when it is above that. A second home or an investment property is capped at 65% for a UAE national and 60% for an expatriate. Off-plan purchases are capped at 50% for every buyer. These are ceilings. A bank can ask for a larger deposit.
Questions
No. A&A Mortgage Services is an independent mortgage broker, provided by Mortgage Broker LLC. We are not Sharjah Islamic Bank and we are not affiliated with Sharjah Islamic Bank. We are not a bank. If a loan is approved, the lender provides it. Nothing on this page is that bank's rate, and nothing here is an offer.
We do not state Sharjah Islamic Bank's rate. Rates move, and a number on this page would be presented as fact when it is not an offer from Sharjah Islamic Bank. Ask an adviser for the figure Sharjah Islamic Bank will put in writing.
Sharjah Islamic Bank is not on the fifteen-name panel list on this site. We compare the major lenders we do work with, and we can tell you whether Sharjah Islamic Bank can be approached for your case.
The Central Bank of the UAE caps the loan-to-value. For a first home you live in, the ceiling is 85% for a UAE national and 80% for an expatriate when the property is AED 5 million or under, and 75% or 70% when it is above that. A second home or an investment property is capped at 65% for a UAE national and 60% for an expatriate. Off-plan purchases are capped at 50% for every buyer. These are ceilings. A bank can ask for a larger deposit.