Warning
- If you do not keep up your repayments/payments, you may lose your property
- You may have to pay penalties if you pay off a loan/financing early
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
This programme provides Emirati citizens of Abu Dhabi with an interest-free housing loan to buy or to build a private home on a plot of land granted by the Abu Dhabi Housing Authority (ADHA).
Registration
FAB sends a text message to the customer to download the FAB NHL application and book an appointment at one of the branches.
Procedures for Opening Account for Loan
The customer visits the branch and submits the documents required to open a loan account.
Selection of Consultants and Contractors
The customer selects a consultant to draw up the design, then the contractor is selected through a tender.
Construction
The contractor begins construction on the site, and then FAB begins disbursing payments to it, according to the percentage of completion approved by the project consultant.
Delivery
After the works are completed, the contractor will hand over the house to the owner.
Repayment
The installments will be repaid after the delivery of the project, or after two years from the date of granting a loan to the contractor.
Required documents for Single Accounts
Additional Documents Required for Joint Accounts
Notes
- Please print the following papers (Salary Certificate, Land Plan, Search Certificate, IBAN) before visiting the branch.
- We will not be able to serve you if any of the documents above are missing.
- The name of the owner on the ID and passport must be identical to the name sent by the Abu Dhabi Housing Authority.
- You must provide proof that there is no income or salary if the loan beneficiary is unemployed.
- If the loan beneficiary’s income is from a commercial company, provide a bank statement for the past six months for each licence.
- If the loan beneficiary’s income is rental income, provide rental contracts authenticated by the Municipality and the title deed for the rental properties.
- In the event of a trustee or minor below 21 years of age, provide court authorisation to open the account and conclude and sign the contracts and mortgage.
FAB Islamic
Islamic Current Account
Instantly open a FAB Islamic Current Account using the FAB Mobile app.
FAB Islamic Emirati Al Awwal Savings Certificates
Save and win with Emirati Al Awwal exclusively for UAE nationals.
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 |
 |
islamiccustomercare@bankfab.com |
| International | |
|---|---|
|
+971 2 499 6299 |