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A man reviewing his FAB Islamic Personal Finance application

FAB Islamic Personal Finance

Whether you’re looking to rent a house, travel, or pay for education, FAB Islamic Personal Finance provides Shariah-compliant solutions at market-leading profit rates.

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

Achieve your financial goals with a FAB Islamic Personal Finance and enjoy market-leading profit rates starting from 2.49%* (equivalent to a reducing rate of 4.74%*) per year.


Apply for FAB Islamic Personal Finance and get up to AED 5 million with a 365-day grace period before your first instalment. Also, enjoy flexible payments, quick approvals, and easy documentation.

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 Finance Amount Grace Period
UAE Nationals 2.49%* (equivalent to a reducing rate of 4.74%*) per year 3.29%* (equivalent to a reducing rate of 6.2%*) per year AED 5 million 365 days
Expatriates 2.82%* (equivalent to a reducing rate of 5.34%*) per year 3.85%* (equivalent to a reducing rate of 7.2%*) per year AED 2 million 275 days

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

Transfer your salary today and earn outstanding rewards with FAB Islamic’s Multi Product Package offer and get a new iPhone or up to AED 10,000.

*Conditions apply.

Click here to know more about the Multi Product Package.

Personal Finance Eligibility and Documents

  • Node Minus Alt
    Employed in a governmental, semi-governmental or reputable private organisation
  • OR
  • Node Minus Alt
    Applicant must be 21 years of age or above
  • OR
  • Node Minus Alt
    A minimum salary of AED 7,000
  • OR

Top up your existing personal finance:


Top up your existing personal finance in a few easy steps! Click here to check your eligibility and apply instantly on the FAB Mobile app! Conditions apply.

  • Node Minus Alt
    Copy of a valid passport/resident visa/Emirates ID (originals must also be presented)
  • OR
  • Node Minus Alt
    Bank statements for the last three months showing salary credits (if salary is not credited to a FAB account)
  • OR
  • Node Minus Alt
    Salary transfer letter/salary certificate addressed to FAB
  • OR
  • Node Minus Alt
    Liability letter or a clearance letter (in case of liability settlement)
  • OR
  • Node Minus Alt
    Murabaha request form completed and signed by customer
  • OR
Note: Additional documents may be required on a case-by-case basis
Terms and conditions apply.

Please refer to the sample profit rate calculation below for our Shariah-compliant Islamic finance solutions.

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 provides Shariah-compliant banking solutions to fulfill your finance and liquidity requirements. Assets bought and sold are commodities traded on the London Metal Exchange (LME).

Islamic personal finance provides Shariah-compliant banking solutions to fulfill your finance and liquidity requirements. Assets bought and sold are Islamic Sukuk certificates from the National Bonds Corporation.

Ready to apply?

Get in touch

Need more help?

Contact us anytime for further assistance or check out our FAQ page for more information.

FAB Islamic International
800 2200
Lines Open 24/7
+971 2 499 6299

Email Us
islamiccustomercare@bankfab.com