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Non Salary Transfer Islamic Personal Finance
Win a Rabdan One and prizes worth
a grand total of AED 150,000 in FAB Islamic Rewards
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 the chance to win a Rabdan One and prizes worth a grand total of AED 150,000 in FAB Islamic Rewards by simply applying for a FAB Islamic Personal Finance.
Apply for FAB Islamic Personal Finance, top up your existing finance, or move your finance to FAB Islamic for a chance to win the powerful and aerodynamic Rabdan One, the first UAE-made electric vehicle. Plus, you could be one of the 51 customers to win prizes worth a grand total of AED 150,000 in FAB Islamic Rewards.
Limited time offer
For UAE Nationals
For Expats
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
OR
OR
OR
OR
- 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
OR
OR
OR
OR
| 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.
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 |