Additional FAB Islamic Home Finance

Ensuring family stability and a stronger community. Hand in hand.

Warning

If you do not keep up with your payments, you will be committed to pay a donation amount based on the bank’s request (if any) and legal action may be taken if you fail to respond to any reminder notices issued
Your property may be foreclosed upon, and you will have to bear all related costs. You will also be responsible for settling any shortfall after your property is sold
Any legal action against you may affect your credit rating, which may limit your ability to access financing and make it more difficult or more expensive to access financing in the future
You may have to pay applicable early settlement charges if you settle the full financing early

In line with UAE’s Year of Community, FAB Islamic, in partnership with Abu Dhabi Housing Authority is launching the additional Islamic Home Finance service to support Emirati families in owning or building homes that reflect their aspirations.

You can now apply for an additional finance amount on top of your current National Housing Loan, even if your existing home finance is held with another bank. With ADHA covering 50% of the total profit rate (up to AED 500,000 finance), you can benefit from competitive rates starting at 3.89%, with an instant digital application for your National Housing Loan via the FAB NHL app.

What you can expect

50% government support on the total profit rate, of additional finance of up to AED 500,000

Profit rates starting from 3.89% p.a. fixed for five years

Grace period of up to 180 days before your first payment

Up to 85% financing for first-time homebuyers

Shariah-compliant home financing through FAB Islamic

Instant digital application for your National Housing Loan via the FAB NHL app with UAE PASS and without branch visits

Equated instalment payment method for transparency and consistency

Payment plan up to 25 years

Flexible instalments with the option to make partial payments at any time

Construction finance option: full instalments begins after two years or upon property handover, whichever comes first

No pre-approval fees

Reduced processing and valuation fees in collaboration with key developers and housing programmes

Dedicated Islamic home finance advisor to guide you every step of the way

Specialised housing finance centres for a smooth experience

Post-sale support and dedicated customer service

Eligibility Criteria

The beneficiary’s monthly income must exceed AED 30,000

The beneficiary NHL amount should be AED 1.75 million

The beneficiary’s age should be between 21-70 years upon finance maturity at the time of granting the additional finance

The beneficiary must be eligible for financing according to the applicable regulations of the Central Bank of the UAE and the bank's credit policies and procedures

The same competitive rate applies even for amounts above AED 500,000
Chance to win up to 1.5 kg of gold
Receive a special gift when your additional finance amount exceeds AED 1 million
15% discount at Crate & Barrel and CB2 Home decor and furniture when applying for the Islamic subsidies finance
First-year fee waived on your FAB Islamic Emirati Credit Card

Ready to take the next step?

Apply now or request a call from a dedicated Islamic home finance advisor to find the solution that’s right for you.

Terms and conditions apply.

*Click here to learn more about FAB ISLAMIC Gold campaign.

Processing fees are waived for salaried customers (who transfer their salaries to a FAB Islamic savings account) and are first-time property buyers or making handover payments to developers. Non-salaried customers at FAB Islamic receive a 50% discount on processing fees.

Processing fees is capped at AED 25,000. The subsequent home finance rate you’ll move to when your current deal ends is equivalent to 3-month EIBOR + 1.5% for customers with a salary transfer to a FAB Islamic savings account, and it will not fall below a specified rate of 1.99% over an agreed period of time.

The subsequent home finance rate you’ll move to when your current deal ends is equivalent to 3-month EIBOR + 1.89% for non-salary transfer customers, and it will not fall below a specified rate of 1.99% over an agreed period of time.

Ready to apply?

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For customer within the UAE

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For customers from outside of the UAE

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