Standard Ijara (Standard Lease) – For Ready Property 

Expatriates looking to acquire a ready property can avail of Ijarah finance, a lease contract wherein the Bank leases the property to you in return for a rental payment for a specified financing period.

The Bank promises to transfer the title of the property to you at the end of the financing period, if all payments have been made.

You have the option of choosing from a variety of down payments, tenors and profit rate options. It is an ideal solution for customers looking for an easy installment scheme.

Features & Benefits

  • Profit rate from 3.99% p.a.
  • Finance available up to 75% of property value
  • High finance amount
  • Flexible tenor up to 25 years
  • Salary transfer not required
  • Islamic Insurance available
  • Profit Rates linked with EIBOR

Buyout Ijara – For Ready Property 

DIB offers you the freedom of transferring your existing Home finance from your current mortgage provider; which means if you are looking to lower your monthly payments / avail advantage of attractive DIB Buyout offer, you have the option to transfer your existing finance to DIB.

Features & Benefits:

  • Finance available up to 75% of property value
  • Profit Rate: Starting from 3.99% p.a.
  • Flexible tenor up to 25 years
  • Arrangement Fees: ZERO
  • Salary transfer not required

Equity Release

Our Equity Release solution allows you to use the equity in your home as collateral. This means that if you have a property which is fully paid up & is not mortgaged, you can take advantage of our Home Equity program which would enable you to cash out the equity from your home. The released cash can be useful to finance your major expenses or an investment

Features & Benefits:

  • Finance available upto 50% of property value
  • Competitive profit rates
  • Flexible tenor up to 25 years
  • Salary transfer not required
  • Profit Rates linked with EIBOR

Commercial Ijara

DIB offers the opportunity to finance office/retail space or bulk residential units for commercial purposes.

Features & Benefits:

  • Finance available up to 70% of property value
  • Competitive profit rates
  • Flexible tenor up to 15 years
  • Salary transfer not required
  • Profit Rates linked with EIBOR
Fees and Charges
  • The early settlement fee is 1% of the outstanding finance amount, with a cap at AED 10,000
Documents Required
  • 6-months bank statement
  • Salary letter (In case of non-salary transfer customer)
  • Valid passport/Khulasat al Khaid Copy/Valid visa
  • Relevant property papers
  • Evaluation from approved evaluators
  • Copy of Trade License (Self-employed)
  • Audited financial statements (Self-employed)
  • Notarized POA (where applicable for self-employed)
  • Memorandum and Articles of Association (Self-employed)
Additional Info

Eligibility:

Salaried:

 

  • Minimum age: 21 years
  • Maximum age: 65 years
  • Salary: AED 15,000
  • High finance amount
  • Finance to value for Residents 75% (unless otherwise specified)

Self – Employed:

 

  • Minimum age: 21 years
  • Maximum age: 65 years
  • Minimum length of business: 3 years
  • High finance amount
  • Finance to value for Residents 75% (unless otherwise specified)

 

 

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