Subsidized Additional 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 as a panel finance provider is offering to eligible beneficiaries additional Islamic Home Finance to support Emirati families in owning or building homes that meet their aspirations.

You can now apply for an additional finance on top of your current National Housing Loan.

Abu Dhabi Government shall subsidize 50% of the additional finance amount profit rate for maximum tenor of 25 years

Benefits

Maximum subsidized additional finance amount is  500,000 subject to FAB Islamic policies and procedures.

The subsidized additional finance is in addition to the Housing Loan approved by ADHA

Abu Dhabi Government shall provide subsidy of 50% of the profit expense for maximum tenor of 25 years & shall be paid to the bank directly

No other fees shall be paid by Abu Dhabi Government. Abu Dhabi Government does not guarantee repayment of the principal amount. Interest / profit payment by Abu Dhabi Government shall discontinue in case there is any credit and/or insurance event

Shariah-compliant home financing through FAB Islamic

Payment plan up to 25 years

Option to make partial settlement payments at any time

Ready house finance option: payment of principal begins after 6 months of property handover

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

for finance amounts exceeding the Government of Abu Dhabi subsidized amount of  500,000 Benefit now from additional home finance with a fixed profit rate starting from 3.69%

Eligibility Criteria

Some of the pre-eligibility criteria of ADHA as follows

The beneficiary’s monthly income must be a minimum of  30,000

The beneficiary should not have obtained additional finance already or started the housing construction journey

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

This service applies to eligibility criteria of ADHA & to those who have received the offer from ADHA on Iskan App & submitted their interest accordingly to FAB Islamic

You can benefit from the following profit rates & fees as applicable

Profit rates with salary transfer

With salary transfer	Term	Profit Rate (per annum)
Fixed Rate	Year 1 - Year 5	3.89%
Variable Rate	From Year 6 onwards	3 M EIBOR + 1.29 %

Fees with salary transfer

Description	Fees (AED)
Processing Fee	Nil
Valuation Fee	Nil
Site visit fee	Nil
Life Takaful contribution	0.0112%
Property Takaful contribution - per annum	0.0393%

Profit rates without salary transfer

Description	Term	Profit Rate (per annum)
Fixed Rate	Year 1 - Year 5	4.19%
Variable Rate	From Year 6 onwards	3 M EIBOR + 1.44 %

Fees without salary transfer

Description	Fees (AED)
Processing Fee	0.50%
Valuation Fee	3000 + VAT
Site visit fee	750+ VAT
Life Takaful contribution	0.0112%
Property Takaful contribution - per annum	0.0393%

Note: No other fees to be imposed on the eligible beneficiary

Get AED 10,000 cashback with FAB Emirati Credit Card
First-year fee waived on your FAB Emirati Credit Card

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.
The subsequent home finance rate you’ll move to when your current deal ends is equivalent to 3-month EIBOR + 1.29% for customers with a salary transfer to Islamic savings Account.
The subsequent home finance rate you’ll move to when your current deal ends is equivalent to 3-month EIBOR + 1.44% for non-salary transfer customers.

Ready to take the next step?

Apply now through ISKAN Abu Dhabi app and get a call back from a dedicated Islamic home finance advisor to proceed further

Key Facts Statement FAB Islamic Real Estate - Residence Investment Islamic.pdf Or General Terms and Conditions for Islamic Facilities

FAB ISLAMIC CREDIT CARD TERMS & CONDITIONS.

Terms and Conditions

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