Goods Murabaha Finance
| Islamic Finance | Yes |
| Minimum Salary | AED 5,000 |
| Minimum Age | 21 years |
| Maximum Age | 65 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Stable employment with monthly salary transfer to Ajman Bank |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 300,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 4.00% - Profit rate determined by purchase cost and customer profile |
| Processing Fee: | 1.00% - One-time fee capped at a certain limit |
| Early Settlement Fee: | 1.00% - Based on remaining Murabaha balance |
| Late Payment Fee: | 0.00% - Donation to charity if an installment is missed |
| Insurance Fee: | N/A - Takaful coverage as per bank’s requirement |
Required Documents
Emirates ID, valid passport/visa, salary certificate, invoice or goods quotation
Promotions
Seasonal offers with reduced fees or profit rates
Additional Benefits
Potential bundle with credit card or loyalty program
Features:
Transparent cost plus profit model under Murabaha contract
General Notes
Sharia-compliant finance subject to final bank approval
