FAB
Islamic Personal Finance

• Copy of a valid passport / resident visa/ emirates ID (originals must also be presented)
• Bank statements for the last three months showing salary credits (if salary is not credited to a FAB account)
• Salary transfer letter/salary certificate addressed to FAB
• Liability letter or a clearance letter (in case of liability settlement)
• Application completed and signed by the customer

Note: Additional documents may be required on a case-by-case basis

• A minimum salary of AED 7,000
• Employed in a governmental, semi-governmental or reputable private organisation
• Applicant must be 21 years of age or above

• UAE Nationals:
  • 2.49%* (equivalent to a reducing rate of 4.74%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
  • 3.29%* (equivalent to a reducing rate of 6.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
  • Finance amount upto AED 5 Million
  • 365 days grace period
• Expats:
  • 2.82%* (equivalent to a reducing rate of 5.34%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
  • 3.85%* (equivalent to a reducing rate of 7.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
  • Finance amount upto AED 2 Million
  • 275 days grace period

• Comprehensive personal life Takaful coverage
• Flexible repayment terms of up to 48 months to repay through your FAB account