UAE 
Whether it is for a new home, travel abroad or a wedding, our personal finance offers you great deals that meet your financial needs. Our non-salary transfer personal finance means you do not need to transfer your salary to a FAB account to get personal finance.
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)
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)
Features
- A salary transfer to a FAB account is not required, and you can pay your instalments from the bank account into which you receive your salary each month
- Personal finance is available even if your employer is not on FAB Islamic’s Approved List of Employers
- Comprehensive life Takaful coverage
Eligibility
- Minimum monthly income of AED 15,000
- Minimum of 18 months service with current employer
- Applicant should be 21 years of age or older
- Acceptable Credit Bureau Score
Required documents
- Copy of a valid passport/Emirates ID (originals must also be presented)
- Bank statements for the last six months showing salary credits (if salary is not credited to a FAB account)
- Salary certificate addressed to FAB
- Murabaha Request form
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) | 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.
