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Dubai Islamic Bank
Home Finance
Fees & Charges
| Evaluation Fee | AED 2,500 |
| Early Settlement Fees | 1 % |
| Early Settlement Fees Cap | AED 10,000 |
Profit Rate
| Benchmark | 3 Months EIBOR |
| Review Period | Monthly |
| Margin | 1%* + 3 Months EIBOR |
| Profit Rate - Emarati | Starting from 3.95%* |
| Profit Rate - Expat | Starting from 3.95%* |
Disclaimer
The actual applicable profit rate for each customer will be based on the customer eligibility. The Final terms of finance facility will be included in the facility offer letter.
General Product Features
| Residency Type | Only Residents |
| Minimum Length of Service | 3 Months |
| Employment Type | Salaried, Self-employed |
| Minimum Salary/Income - Emarati | AED 10,000 |
| Minimum Salary/Income - Expat | AED 10,000 |
| Maximum Age - Emarati | 70 Years |
| Maximum Age - Expat | 65 Years |
Details Product Features
| Finance Type | Islamic |
| Isalmic Contract Type | Ijarah / Istisnaa |
| Specific to City | All Areas in UAE |
| Minimum Finance Amount - Emarati | AED 250,000 |
| Maximum Finance Amount - Emarati | AED 18,000,000 |
| Minimum Finance Amount - Expats | AED 250,000 |
| Maximum Finance Amount - Expats | AED 18,000,000 |
| Minimum Tenor | 6 |
| Maximum Tenor | 300 |
| Grace Period - Emarati (Days till first installment ) | 45 Days |
| Grace Period - Expats (Days till first installment ) | 45 Days |
| Maximum Salary Multiples | 96 Multiples Monthly |
| Allow Consolidation | Not Allowed |
Turn your dream of owning a home into reality with Dubai Islamic Bank Home Finance — designed to fulfil your aspirations without compromising your values. Our Shari’a-compliant solution, based on the Shirkat-ul-Melk cum Ijarah model, ensures you achieve homeownership smoothly, conveniently, and free from Riba. Experience peace of mind knowing your journey to a new home aligns with your principles.
Benefits:
- Up to 85% Financing for UAE Nationals, 80% for Expats
- No Processing Fee
- Flexible tenure up to 25 years
- Salary transfer not required
- High finance amounts
- Competitive profit rates
- All processes are governed & approved by Sharia’a Principles
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