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
High finance amounts of up to AED 1 million with flexible payment terms of up to 48 months (or up to 60 months for Ministry of Defence employees)- Best-in-class profit rates starting from 5.72% * per year (equivalent to a reducing balance rate of 10.49%* per year)
OR
OR
For Expats
- High finance amounts of up to AED 600,000 with flexible payment terms of up to 48 months
- Best-in-class profit rates starting from 8.70%* per year (equivalent to a reducing balance rate of 15.49%* per year)
OR
OR
Features
Eligibility
| Particulars | For UAE Nationals | For Expats |
|---|---|---|
| Finance Amount (AED) | 100,000 | 100,000 |
| Finance Period (months) | 48 | 48 |
| Profit Rate (Flat Rate) | 5.72% | 8.70% |
| Equivalent Reducing Rate | 10.49% | 15.50% |
| Number of days before first payment | 60 | 60 |
| Profit Amount (AED) | 23,833 | 36,250 |
| Total Amount Payable (AED) | 123,833 | 136,250 |
| Monthly Instalment (AED) | 2,579.86 | 2,838.54 |
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.
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 |