FAB
Islamic Home Finance For UAE Residents

• Completed & signed home finance application form
• Valid Emirates ID, passport & valid residence Visa for non UAE Nationals
• Property documents
• Income documents
• Any other documents deemed necessary

• Available for UAE Nationals and residents
• Minimum age 21 and maximum age 65 for Non UAE nationals and 70 for UAE Nationals or if self-employed
• Minimum salary of AED 15K for salaried and AED 25K for Self employed

Enjoy fixed profit rates for up to five years if you have an existing FAB/FAB Islamic credit card or if you apply for an Islamic Credit card:

With a salary transfer to a FAB Islamic savings account and a credit card*
Fixed profit rate period of One, Two and Three years 3.94%, and Five years 4.19%

Without a salary transfer to a FAB Islamic savings account**
Fixed profit rate period of One, Two and Three years 4.24%, and Five years 4.44%

Other great benefits include:

1. Get market-leading* profit rates when you transfer your salary to a to a FAB Islamic account. You’ll also get to choose an Islamic credit card to complement your financing, if you do not already hold one

2. 60-day grace period before your first instalment or 120-days for home finance transfers

3. Refund of early settlement and valuation fees for home finance transfers

4. Waivers of processing fees for home finance transfers

5. Up to 85% financing for first-time buyers

6. No approval-in-principle fee

7. Up to AED 12,500 in FAB Islamic Rewards when you transfer your salary to a FAB Islamic Savings Account and obtain FAB Islamic Credit Cards (1 AED = 250 FAB Islamic Rewards)

8. Exclusive deals on processing fees and discounted valuation fees on properties with major developers

 Terms and conditions apply.

*Market-leading designation is applicable solely to the one and two year fixed periods, as substantiated by recent market studies, however this designation may no longer reflect current market conditions

**The subsequent profit rate you’ll move to when your current deal ends is three month EIBOR + 1.5% profit margin for customers with a salary transfer to a FAB Islamic savings account and it will not fall below a specified rate of 1.99% over an agreed period of time.

***The subsequent profit rate you’ll move to when your current deal ends is three month EIBOR + 1.89% profit margin for non-salary transfer customers and it will not fall below a specified rate of 1.99% over an agreed period of time.