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Sharjah Islamic Bank Mortgage Buyout

Move your existing UAE mortgage to Sharjah Islamic Bank — verified pricing, real switch costs, and the break-even math. Commission-free.

A buyout moves your existing mortgage to a better deal — and Sharjah Islamic Bank is one of the banks we arrange it with, commission-free. Advertised profit rates below are verified from official circulars; we confirm your exact terms free.

Sharjah Islamic Bank buyout · advertised · verified
from 3.75% p.a.
Buyout pricing is confirmed per profile — we check current promotions (some refund the valuation fee) for you, free.

Advertised profit rate — we confirm Sharjah Islamic Bank's current best pricing for your profile, free.

Estimated monthly payment
AED 9,490/mo
Loan AED 1,600,000

Why move your mortgage to Sharjah Islamic Bank?

A mortgage buyout (balance transfer) moves your existing home loan to a new bank at better terms. Sharjah Islamic Bank is one of the banks we arrange buyouts with — structured as Sharia-compliant home finance. Because the property doesn’t change hands, there is no 4% DLD transfer fee — the main cost people fear simply doesn’t apply.

Sharjah Islamic Bank advertised fixed profit rates

SegmentAdvertised fixed rateAfter the fixed periodVerified
Non-salary transfer3.99% · 1-yr fixedthen 1.99% + 3M EIBOR2026-07-12
Non-salary transfer4.25% · 3-yr fixedthen 1.99% + 3M EIBOR2026-07-12
Non-salary transfer4.99% · 4-yr fixedthen 1.99% + 3M EIBOR2026-07-12
Self-employed4.25% · 1-yr fixedthen 2.25% + 3M EIBOR2026-07-12
Self-employed4.49% · 3-yr fixedthen 2.25% + 3M EIBOR2026-07-12
Self-employed4.99% · 4-yr fixedthen 2.25% + 3M EIBOR2026-07-12
Salary transfer3.75% · 1-yr fixedthen 1.75% + 3M EIBOR2026-07-12
Salary transfer3.99% · 3-yr fixedthen 1.75% + 3M EIBOR2026-07-12
Salary transfer4.25% · 4-yr fixedthen 1.75% + 3M EIBOR2026-07-12

Advertised profit rates from circulars verified by Mortgease on the dates shown. Buyout pricing is confirmed per profile on application — promotions sometimes improve on these; we check for you, free.

What switching could save — worked example

On an AED 1.5M balance with 20 years left, moving from a legacy 4.99% to Sharjah Islamic Bank’s advertised 3.75% (salary transfer, 1-yr fixed) cuts the payment by roughly AED 998/month — about AED 11,973 a year. Illustrative maths at advertised profit rates; we run your exact numbers, free.

What a buyout actually costs

  • Early settlement with your current bank: capped at 1% of the balance or AED 10,000, whichever is lower (UAE-wide rule).
  • Valuation fee at Sharjah Islamic Bank: AED 3,150 (some promotions refund it — we confirm).
  • Mortgage release & re-registration: release ~AED 1,290; new registration 0.25% of the loan + AED 290.
  • No DLD 4% transfer fee — ownership doesn’t change.

We calculate your break-even month before you commit — if the switch doesn’t pay for itself, we’ll tell you.

Sharjah Islamic Bank buyout FAQs

Do I pay the 4% DLD fee when switching to Sharjah Islamic Bank?
No. A buyout transfers the loan, not the property, so the DLD transfer fee doesn’t apply. The main costs are early settlement (capped at 1% / AED 10,000), the valuation fee and re-registration.
What buyout profit rate will Sharjah Islamic Bank give me?
Advertised fixed profit rates currently start from 3.75% (see table above). Your exact buyout pricing depends on profile, LTV and salary transfer — we confirm it with Sharjah Islamic Bank for you, free.
How long does a buyout to Sharjah Islamic Bank take?
Typically 3–6 weeks end to end: approval, property valuation, settlement of the old loan and re-registration. Mortgease coordinates every step.
Is Sharjah Islamic Bank my best buyout option?
Maybe — that’s the point of using a broker. We compare Sharjah Islamic Bank against 15+ UAE banks on the same day and only recommend the switch if the break-even genuinely works for you.

Sharjah Islamic Bank mortgage overview →  ·  UAE buyout guide →  ·  All verified rates →

Compare with other UAE banks

Standard Chartered mortgage → ADCB mortgage → ADIB mortgage → CBD mortgage → Dubai Islamic Bank mortgage → All 12 bank guides →

Not sure which bank fits your profile? See current UAE mortgage rates, check your eligibility, work out your DBR or estimate your monthly payment — then we compare all of them for you, free.