Elite Islamic Personal Finance
Say goodbye to large outstanding amounts,
hidden charges and inconvenient instalments
Achieve your financial goals with the Elite Islamic Personal Finance from FAB Islamic and enjoy low profit rates as low as 2.47%* (equivalent to a reducing rate of 4.70%*) per year.
Get up to AED 5 million and take advantage of a 210-day grace period before the first instalment. Plus, you can enjoy a host of other benefits like a flexible payment solution, fast and easy approvals, and hassle-free 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 | 2.47%* (equivalent to a reducing rate of 4.70%*) per year | 3.29%* (equivalent to a reducing rate of 6.2%*) per year | AED 5 million | 210 days |
| Expatriates | 2.87%* (equivalent to a reducing rate of 5.44%*) per year | 3.85%* (equivalent to a reducing rate of 7.2%*) per year | AED 2 million | 120 days |
Eligibility
Available for UAE nationals and residents- Minimum payment tenor of 12 months
- Minimum age 21 and maximum age 65 for UAE nationals and 60 for non-UAE nationals
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- Murabaha request form completed and signed by customer
- Salary certificate addressed to FAB (issued within the last 30 days)
- A salary transfer letter from the employer
- Bank statement for the last 3-6 months for non-salary transfer customers
- Copy of a valid Emirates ID, passport and residence visa for non-UAE nationals (originals must also be presented)
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Note: Additional documents may be required on a case-by-case basis
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.
Terms and conditions apply
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 Murabaha Finance
Islamic personal finance gives you the opportunity to fulfill your personal finance and liquidity requirements in a Shariah-compliant manner, where the assets bought and sold are commodities on the London Metal Exchange (LME)
Islamic personal finance gives you the opportunity to fulfill your personal finance and liquidity requirements in a Shariah-compliant manner, where the assets bought and sold are Islamic Sukuk certificates from National Bonds Corporation.
Find out more about our Fees, Terms & Conditions
Ready to apply?
Get in touch
Need more help?
Contact us anytime for further assistance or check out our FAQ page for more information.
| Elite Islamic | International | ||
|---|---|---|---|
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800 70000 Lines Open 24/7 |
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+971 2 499 6300 |
| Working Hours | Email Us | ||
|---|---|---|---|
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Sunday to Thursday: 8:00 am to 1:30 pm Saturday: 8:00 am to 12:00 pm |
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islamiccustomercare@bankfab.com |