Dubai Islamic Bank Al Islami Services Ijarah for Expats

dubai-islamic-bank Bank

WarningMessage This product is by the Bank

Al Islami Services Ijarah for Expats

Minimum Salary

AED 3K

Flat Rate

6%

Reducing Rate

11%

Loan Amount

AED 2000K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 3K

Minimum Salary

6%

Flat Rate

11%

Reducing Rate

AED 2000K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Features

  • Arrangement fee is AED 1000
  • Repayment period is up to 3 years
  • The loan is provided for a interest rate of 11%
  • Minimum salary of AED 3,000 is required
  • The reduction rate and the flat rate is 11% and 6%. This denotes that the computation done was a division of the reduction rate by 1.833
  • It is not mandatory to transfer your salary to apply for this scheme
  • Finance up to AED 2,000,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is AED 1000

Benefits

  • Finance is provided for sharia-compliant goods
  • Repayment period is long
  • High loan amount is provided
  • Dedicated Manager will assist you throughout the process
  • The bank provides loan to pay for medical, rent, travel, education and wedding
  • Processing is quick

Frequently Asked Questions

Q. Is it mandatory to get a insurance for the personal finance in Dubai Islamic bank?

A. It is not mandatory to get an insurance for the personal finance in Dubai Islamic bank.

Q. Do self-employed needs to provide trade license?

A. Yes, trade license is a mandatory document for the self-employed individuals.

Q. Do I need to provide any proof if I opt for Rent Ijarah service?

A. Yes, you need to provide your rental agreement or proof of renting the premises for validation.

Q. Can I withdraw my loan application? Is there any fees for withdrawing my loan application?

A. Yes, you can withdraw your loan application on paying a cancellation fee of AED 100.

Q. I don’t have an account in Dubai Islamic bank, am I eligible for the loan?

A. Yes, customers who are new to Dubai Islamic bank are eligible for the Services Ijarah.

Dubai Islamic Bank

Dubai Islamic Bank (DIB), established in 1975 is the pioneer of Islamic banking that has seen a phenomenal growth. The Bank since inception has remained customer-centric organization, where honesty and customized personal service form the basis of all relationships. Though sticking to its root traditions, the bank equally blends with the commitment of innovation, flexibility, and modernity. Every customer of the bank is provided with comprehensive solutions for any financial need.

The bank works with the vision of providing unsurpassed customer service and becoming the world’s largest Islamic banking corporation.