Dubai Islamic Bank (DIB), founded in 1975, is the world’s first Islamic bank offering Shariah-compliant financial services. With a presence in the UAE, DIB has become a leader in providing ethical financial solutions, particularly in the home finance sector. Their commitment to Islamic principles ensures that all financial products adhere to ethical banking practices, making DIB a preferred choice for customers seeking transparent and flexible home finance solutions.
Dubai Islamic Bank offers a range of home finance products that cater to both UAE nationals and expatriates, ensuring Shariah-compliant solutions for diverse customer needs:
1. First Time Buyers Home Finance : Tailored for individuals purchasing their first property, offering up to 80% financing with competitive profit rates and a flexible 25-year tenure.
2. DIB NEST : Designed for young professionals, DIB NEST offers up to 80% financing with extended loan terms, making it easier for young buyers to own their first property.
3. Non-Resident Home Finance : A program for non-resident individuals seeking to invest in UAE properties, offering up to 50% financing with flexible repayment terms.
4. Existing Homeowners Finance : Provides refinancing options up to 80% of the property’s value, allowing existing homeowners to reduce their profit rates or release equity.
5. Government Housing Schemes Home Finance : Designed for UAE nationals to access government-backed housing programs with up to 100% financing.
6. Commercial Property Finance : Supports businesses and investors in acquiring commercial properties with up to 75% financing and a flexible 15-year tenure.
DIB’s First Time Buyers Home Finance is a Shariah-compliant product structured through Ijarah (leasing) or diminishing Musharakah. It offers high loan amounts and flexible tenure, ensuring that first-time buyers can comfortably finance their homes.
Loan Amount : Up to 80% of the property value.
Tenure : Up to 25 years, with competitive profit rates starting at 3.59%.
Key Features : No early settlement fees when using personal funds, and financing available for ready and under-construction properties.
DIB NEST is designed for young professionals aiming to own their first property. It offers a high loan amount and an extended tenure, allowing manageable repayments.
Key Features : Up to 80% financing, no early settlement fees from personal funds, and Shariah-compliant financing.
Profit Rates : Competitive, making it affordable for young professionals.
The Non-Resident Home Finance Program is a Shariah-compliant solution for non-resident individuals investing in UAE properties. It provides up to 50% financing, flexible repayment options, and adherence to Islamic principles.
Loan Tenure : Up to 25 years.
Profit Rates : Competitive profit rates make property ownership affordable.
DIB’s Existing Homeowners Home Finance allows customers to refinance up to 80% of their property value. Homeowners can reduce their profit rates, unlock equity, and benefit from flexible repayment terms.
Key Features : Equity release, competitive profit rates, and no early settlement fees from personal funds.
This program supports UAE nationals by offering up to 100% financing under government-backed housing schemes. DIB ensures the financing is Shariah-compliant and structured around ethical principles.
Loan Tenure : Up to 25 years with no hidden fees.
Benefits : Exclusive to UAE nationals, early settlement options, and access to government-subsidized housing programs.
Commercial Property Finance from DIB supports businesses and investors looking to acquire commercial real estate. It provides up to 75% financing for various commercial properties, with a repayment term of up to 15 years.
Key Features : Competitive profit rates, long repayment tenure, and tailored solutions for businesses.
To qualify for any DIB home finance product, applicants must meet the following criteria:
Age : Between 21 and 65 years at the end of the loan tenure.
Minimum Income : A monthly salary of AED 10,000 is required.
Employment : Both salaried and self-employed individuals can apply.
Residency : Available to both UAE nationals and expatriates.
The following documents are typically required for DIB home finance applications :
1. Valid Passport and Emirates ID : For identity verification.
2. Salary Certificate : For salaried individuals.
3. Bank Statements : For the last 6 months to demonstrate financial stability.
4. Property Documents : For property purchase or refinancing.
Soulwallet is excited to announce its new partnership with specialized mortgage brokers, offering access to over 200+ mortgage loan products across the UAE. Whether you're a first-time homebuyer or looking to refinance, our expert brokers provide personalized guidance to help you find the best mortgage solution tailored to your needs.
Leave your details with us to be contacted by our experienced consultants, who will assist you in navigating the complex mortgage market, ensuring you secure the most competitive rates and terms. At Soulwallet, we prioritize your financial well-being.
Dubai Islamic Bank is a leader in Islamic finance, offering :
1. Shariah-Compliant Solutions : Transparent, interest-free financing based on Islamic principles.
2. Competitive Profit Rates : Some of the most attractive profit rates in the UAE.
3. Flexible Financing Options : Tailored products for first-time buyers, existing homeowners, and commercial property investors.
4. Expert Guidance : Professional consultants available to guide customers through every step of the home finance process.
FABCashback Credit Card
Minimum Salary AED 5,000
FIXED RATE 3.50%
LOAN AMOUNT 3.50%
REDUCING RATE 3.50%
DOWN PAYMENT 3.50%
Please fill in the details to receive a call back with more details about this product