Service Ijarah for Expats
Min. salary
AED 3,000
Max. Amount
AED 2,000,000
Effective rate
11%
Suffering from an unexpected health condition or Need advance rent or Want to finance your child's wedding, We'll take care of the services. Al Islami Personal Finance is always there for you
Salary Transfer
Not Required
Minimum Tenure
12 months
Maximum Tenure
48 month
Early settlement
1.00%
Apply online now
Fill in your details and our expert advisor will contact you soon.
Features
- 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
Documents Required
- Quotation for the required services addressed to Dubai Islamic Bank
- Copy of Passport (with residence visa for expatriates)
- Copy of Emirates ID
- Salary and End of Service Benefit Transfer Letter/Certificate from the employer
- Statement of Account for minimum 3 months in case of salary transfer to another bank (6 months for self employed professionals/ businessmen)
- Copy of valid trade license (for self employed professionals/businessmen)
- For all Rent Ijarah services, proof of ownership of the premises financed or proof of right to manage premises is required.
Eligibility
- Minimum salary of AED 3,000 is required
- It is not mandatory to transfer your salary to apply for this scheme
- Finance up to AED 2,000,000