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Switch to an eco-friendly electric car with Tesla and FAB Islamic

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

AED 7,000

Minimum monthly salary

New and Pre-owned Cars

Finance available for new and pre-owned cars

AED 7,000

Minimum monthly salary

New and Pre-owned Cars

Finance available for new and pre-owned cars

Electrify your ride with our new green car finance options.

As part of FAB Islamic’s commitment to sustainability, we’re offering new green car finance options, exclusively for Tesla Motors’ customers.

Enjoy profit rates on the electric car of your choice:


Features for UAE Nationals

  • Node Minus Alt
    Benefit from a profit rate of 2.30% (equivalent to a reducing rate of 4.37%) for new Tesla cars
  • OR
  • Node Minus Alt
    Benefit from a profit rate of 2.60% (equivalent to a reducing rate of 4.92%) for previously owned Tesla cars
  • OR

Features for Expatriates

  • Node Minus Alt
    Benefit from a profit rate of 2.54% (equivalent to a reducing rate of 4.81%) for new Tesla cars
  • OR
  • Node Minus Alt
    Benefit from a profit rate of 2.84% (equivalent to a reducing rate of 5.35%) for previously owned Tesla cars
  • OR

Required Documents - This is what we'll need

  • Node Minus Alt
    Vehicle quotation
  • OR
  • Node Minus Alt
    UAE driving license
  • OR
  • Node Minus Alt
    Bank statements (where applicable)
  • OR
  • Node Minus Alt
    Salary certificate addressed to FAB Islamic (where applicable)
  • OR
  • Node Minus Alt
    Murabaha request form completed and signed by the customer
  • OR
  • Node Minus Alt
    Copy of a valid passport/resident visa/Emirates ID (Originals must also be presented)
  • OR

Ready to apply?