Islamic Car Finance

Get your dream car through FAB Islamic car finance

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

Get chances to win up to 1.5 KG of Gold

Turn your dream car into a reality with a FAB Islamic Car Finance and get chances to win gold.

Enjoy zero processing fees and get chances to win up to 1.5 KG of gold when you apply for a car finance. Avail up to AED 1.5 million or 80% of the car’s value and take advantage of a 3-month grace period before the first instalment. Finances are available for new and pre-owned vehicles.

Explore the multi product package to enjoy our exclusive benefits:

Segment	With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)	With a salary transfer to a FAB Islamic savings account without an Islamic credit card	Gold Draw*	Processing fees**	Finance Amount	Grace Period
UAE Nationals	Car finance profit rate starting from 2.15% (equivalent to a reducing rate of 4.10%) per year	Car finance profit rate starting from 3.19% (equivalent to a reducing rate of 5.98%) per year	3 winners of up to 1.5 KG of Gold	zero processing fees	Up to AED 1.5 million	Up to 3 months
Expatriates	Car finance profit rate starting from 2.29% (equivalent to a reducing rate of 4.35%) per year	Car finance profit rate starting from 3.24% (equivalent to a reducing rate of 6.07%) per year	3 winners of up to 1.5 KG of Gold	zero processing fees	Up to AED 1.5 million	Up to 3 months

*Campaign Terms and Conditions apply

** Applicable with a multi product package only

Islamic Car Finance For Self Employed Individuals

UAE Nationals

Competitive profit rates as low as 3.44% (equivalent to a reducing rate of 6.43%) per year

Finance of up to AED 1.5 million or 80% of the car’s value

Finance available for new and used vehicles

Expats

Competitive profit rates as low as 3.49% (equivalent to a reducing rate of 6.52%) per year

Finance of up to AED 1.5 million or 80% of the car’s value

Finance available for new and used vehicles

Sign up for FAB Islamic’s Multi Product Package offer and enjoy less banking, and more living!

Maximise your rewards by bundling more products and take home up to AED 4,000. Enjoy cashback on salary transfers, credit cards, finances, and more.

*Conditions apply.

Terms and conditions apply.

Please refer to sample profit rate calculation below:

Particulars	For UAE Nationals	For Expats
Finance Amount (AED)	100,000	100,000
Finance Period (months)	48	48
Profit Rate (Flat Rate)	3.19%	3.24%
Equivalent Reducing Rate	5.98%	6.07%
Number of days before first payment	60	60
Profit Amount (AED)	13,292	13,500
Total Amount Payable (AED)	113,292	113,500
Monthly Instalment (AED)	2,360.24	2,364.58

One-time upfront processing fee of 1.05% will apply on the finance amount (minimum AED 525 and maximum AED 2,625). For further information on fees and charges, please refer to the service and price guide.

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