Goods Murabaha Finance
| Islamic Finance | Yes |
| Minimum Salary | AED 3,000 |
| 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 | Open to customers transferring salary to DIB who need financing for specific goods or personal requirements. |
| Minimum Loan Amount | AED 10,000.00 |
| Maximum Loan Amount | AED 2,000,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 7.00% - Murabaha profit rates often start near 7% (reducing) and adjust based on credit evaluation. |
| Processing Fee: | 1.05% - Due diligence & documentation fee of 1.05% (minimum AED 520). |
| Early Settlement Fee: | 1.00% - Typically 1% of outstanding principal if settled early. |
| Late Payment Fee: | 175.00% - Collected as a donation for charitable causes if a payment is late. |
| Insurance Fee: | N/A - Optional Takaful is usually offered. Terms vary by applicant profile. |
Required Documents
Proof of goods purchase or relevant invoice, Emirates ID, salary transfer documents, etc.
Features:
Allows purchase of goods via Murabaha contract at cost plus agreed profit; flexible usage (business expansions, personal assets).
General Notes
Sharia-compliant with cost-plus financing. Potential for large amounts subject to the bank’s criteria.
