Goods Murabaha
| Islamic Finance | Yes |
| Minimum Salary | AED 3,000 |
| Minimum Age | 21 years |
| Maximum Age | 60 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | No |
| Employment Criteria | Customers must provide proof of income and a purchase invoice from a recognized supplier. |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 200,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 36 months |
| Flat Interest Rate: | 2.99% - Attractive fixed profit rate for goods financing. |
| Reducing Interest Rate: | 5.25% - Competitive reducing profit rate option. |
| Processing Fee: | 1.00% - Standard 1% processing fee applies. |
| Early Settlement Fee: | 1.00% - 1% fee on the outstanding principal if settled early. |
| Late Payment Fee: | 1.00% - 1% fee on late payments. |
| Insurance Fee: | 0.50% - Optional insurance fee approximated at 0.50%. |
Required Documents
Emirates ID, purchase invoice, proof of income.
Promotions
May include promotional fee adjustments for bulk purchases.
Additional Benefits
Asset-based financing with the purchased goods serving as security.
Features:
Structured as Goods Murabaha to facilitate goods acquisition.
General Notes
Offer subject to verification of the purchase invoice and supplier credibility.
