• HSBC

Sharjah Islamic Bank launches car finance scheme during Ramadan

  • United Arab Emirates: Wednesday, September 26 - 2007 at 09:33
  • PRESS RELEASE

On the occasion of Ramadan, Sharjah Islamic Bank announced the launch of the biggest promotional campaign to finance cars with 3.79 per cent interest, in addition to extending the credit period to 72 months.

"This promotional campaign for financing cars aims at enhancing the bank position in the car financing market. As for choosing Ramadan to launch this campaign, it comes in the first place for celebrating this praiseworthy month, as well as responding to the increasing needs of the market commercially and individually, as it is experiencing special commercial refreshment more than any other month," said Mr. Osama Salah, chairman of the Individual Banking Service Group, regarding the promotional campaign.

"Financing cars from Sharjah Islamic Bank is generally marked with maximum speed transparency, and there are not any undeclared additional costs, and salary transfer or down payment required. This new campaign particularly aims at assuring that Sharjah Islamic Bank is always the first in providing the best offers especially in Ramadan," Mr. Mutaz Saaed, Chairman of the Marketing and Product Developing Department, said about the distinguishing feature of the new car financing product.
 
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