Warning
- You may have to pay applicable early settlement charges if you settle the full financing early
- If you do not meet the payments on your financing, your account will go into arrears, and you will be committed to pay a donation amount based on the bank’s request (if any)
- The Bank will commence the recovery and collection process (which may include engaging third party debt collection agencies) and legal action including bankruptcy
- Any legal action against you may affect your credit rating, and this may limit your ability to access financing and make it more difficult or more expensive to access financing in the future
- Refinancing your facility may result in it taking longer to pay off the financing and you may pay higher profit
Limited time offer
For UAE Nationals
Personal Finance profit rates starting from 3.29%* (equivalent to reducing rate of 6.2%*)- Finance amounts up to AED 5 million
- First instalment grace period up to 150 days
For Expats
- Personal Finance profit rates starting from 3.85%* (equivalent to reducing rate of 7.2%*)
- Finance amounts up to AED 2 million
- First instalment grace period up to 90 days
Features
- Employed in a governmental, semi-governmental or reputable private organisation
- Applicant must be 21 years of age or above
- A minimum salary of AED 7,000
- 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)
- Murabaha request form completed and signed by customer
| Particulars | For UAE Nationals | For Expats |
|---|---|---|
| Finance Amount (AED) | 100,000 | 100,000 |
| Finance Period (months) | 48 | 48 |
| Profit Rate (Flat Rate) | 3.29% | 3.85% |
| Equivalent Reducing Rate | 6.2% | 7.2% |
| Number of days before first payment | 60 | 60 |
| Profit Amount (AED) | 13,708 | 16,042 |
| Total Amount Payable (AED) | 113,708 | 116,042 |
| Monthly Instalment (AED) | 2,368.92 | 2,417.53 |
One-time upfront processing fee of 1.05% will apply on the finance amount (minimum AED 525 and maximum AED 2,625). A life Takaful contribution may apply. For further information on fees and charges, please refer to the service and price guide.
*This offer may be withdrawn or amended at any time at the bank’s discretion.
Features are subject to alteration/cancellation
All finances are subject to income and eligibility criteria
Eligibility criteria are subject to change from time-to-time
Commodity Finance
Sukuk Finance
Islamic personal finance gives you the opportunity to fulfill your personal finance and liquidity requirements in a Shariah-compliant manner, where the assets bought and sold are commodities on the London Metal Exchange (LME).
Islamic personal finance gives you the opportunity to fulfill your personal finance and liquidity requirements in a Shariah-compliant manner, where the assets bought and sold are Islamic Sukuk certificates from National Bonds Corporation.
Ready to apply?
TALK TO US
You can contact us with the contact below
We are currently experiencing higher call volumes than usual. We encourage you to use the FAB Mobile application and check our Frequently Asked Questions (FAQs) page.
View our Branches & ATMs| FAB Islamic | Email Us | ||
|---|---|---|---|
 |
800 2200 Lines Open 24/7 |
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islamiccustomercare@bankfab.com |
| International | |
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+971 2 499 6299 |