Abu Dhabi Islamic Bank (ADIB) offers tailored home financing solutions for expatriates in the UAE, combining competitive profit rates with flexible terms, all in accordance with Islamic banking principles.

Key Features:

Sharia-Compliant Financing: ADIB’s home finance adheres to Islamic banking standards, ensuring ethical and interest-free transactions.

Flexible Profit Rates: Enjoy competitive reducing rates starting from 4.44% per annum for salary transfer customers, with fixed periods ranging from 3 to 7 years.

High Financing Amounts: Finance up to AED 15 million or 85% of the property’s value, depending on eligibility.

No Salary Transfer Required: Benefit from attractive rates without the obligation to transfer your salary to ADIB.

Free Property Takaful: ADIB covers property insurance for the entire tenure of the financing.

Partial Settlement Flexibility: Make partial settlements of up to 30% annually without any charges.

Profit Rates & Charges:

Reducing Rate: Starting from 4.44% per annum for salary transfer customers; 4.69% per annum for non-salary transfer and self-employed individuals.

Flat Rate: Approximately 2.63% per annum, based on a 25-year term.

Processing Fees:
0% for developer payments and buyout transactions.
0.5% for resale transactions.
Property Valuation Fee: AED 2,625.
Early Settlement Fee: 1% of the outstanding amount, capped at AED 10,000.

Eligibility Criteria:

Minimum Salary: AED 15,000 per month.

Employment Tenure:
Salaried: Minimum of 6 months or confirmed employment.
Self-Employed: Minimum of 3 years in business.
Age: Applicants must be between 21 and 65 years old at the time of application.
Down Payment:
– 20% for properties priced below AED 5 million.
– 30% for properties priced above AED 5 million.
– 40% for second properties.

Required Documents:

For All Applicants:

– Valid passport, residence visa, and Emirates ID copies.
– Property documents.
– Address proof (e.g., utility bill).
– Liability letter (for buyout cases).

Salaried Individuals:

– Latest salary certificate addressed to ADIB.
– Last 6 months’ personal bank statements.
– Last 6 months’ pay slips (if salary varies).

Self-Employed Individuals:

– Valid trade license.
– Memorandum of Association (MOA) with all amendments.
– Last 6 months’ personal bank statements.
– Last 12 months’ company bank statements.
– Audited financials for the last 2 years (if applicable).

Ready to take the next step towards owning your dream home in the UAE?

Visit [Payless4Mortgage](https://payless4mortgage.com/) to explore ADIB’s Home Finance options and connect with our expert mortgage consultants today.