Turn your dream of home ownership into reality with Emirates Islamic’s Home Finance. Designed to suit your lifestyle and financial goals, our Shariah-compliant solutions offer flexible payment options, high finance amounts, and access to a wide range of approved projects across the UAE.
Access high home finance amounts of up to 25 million, designed to support premium properties.
Finance up to 80% of the property value for expats and 85% for UAE Nationals.
Enjoy flexible monthly instalments aligned with your cash-flow priorities.
Prepare your documents for seamless processing.
If you’re a salaried resident, you’ll need to provide proof of employment, income, and property details to complete your finance application.
For non-resident salaried applicants, income verification and overseas bank documentation are required along with property purchase details.
Self-employed applicants must provide valid trade and business documents to verify income and business activity, along with property details.
Self-employed non-residents must present verified business documents, overseas bank records, and property purchase details to support their application.
Wondering what your monthly payment could be? Use our Home Finance Calculator to estimate your instalments and plan with confidence.
Check the documents needed for your application, including identity, employment, income, and property details.
For Construction Finance only. View the required details to estimate instalments and plan your finance request.
Provides financial protection for you and your family during unforeseen circumstances. Click the icon to view the full policy document.
Covers your home against damage, loss or unexpected events for added peace of mind. Click the icon to view the full policy document.
With a conventional mortgage, you borrow money to buy a property and repay it over time with interest, which is not permitted under Shariah principles. With Islamic home finance, you identify the property and the bank purchases and takes ownership of it on your behalf. Instead of selling it to you outright, the bank leases it to you for an agreed term through a structure called Ijarah Muntahiya Bittamlik. Your monthly rental payments incorporate the property's cost and the bank's profit margin, which may be linked to a variable index within agreed upper and lower limits. Once you have fulfilled all obligations under the lease, ownership transfers to you through a Sale Agreement at a token price.
No, Emirates Islamic does not charge any additional profit on accrued profit on any credit product granted to customers.
Emirates Islamic's Home Finance offers competitive profit rates linked directly to EIBOR, giving a transparent, market-aligned pricing structure rather than a fixed margin disconnected from market conditions. This is paired with a low 1% processing fee (0% for buy-out cases), which can make the overall cost more competitive than some conventional alternatives, though the exact comparison depends on prevailing EIBOR levels and the specific conventional rate being compared.
The Eligibility Calculator is designed to help you check the documentation needed for your application; the actual maximum finance amount for expats is determined separately based on income, liabilities and property valuation, but as a guide Emirates Islamic finances up to 80% of the property value for expatriates (compared with up to 85% for UAE Nationals), with a maximum finance amount of up to AED 25 million.
Yes, Emirates Islamic's Home Finance documentation includes specific requirements for 'Salaried Non-Residents' and 'Self-Employed Non-Residents', covering items such as overseas bank statements, liability/reference letters, tax returns and credit bureau reports, confirming that non-resident applicants can apply for home finance in the UAE.
For a Shariah-compliant Ijarah home finance application as a salaried resident, you'll typically need: a valid passport with residence visa (or National ID for nationals); a copy of your labour contract; an original salary certificate (less than 45 days old) or salary transfer letter; your last three months' pay slips; six months' bank statements showing salary credits; a liability letter (less than 30 days old); and original property documents including the quote/offer letter, Sale and Purchase Agreement, Title Deed and Site Plan, and down payment (Advance rental) receipts. Requirements differ slightly for non-residents and self-employed applicants.
Yes, Emirates Islamic offers a 1% processing fee on standard Home Finance applications, reduced to a 0% processing fee specifically for Third party settlement cases, where you transfer an existing home finance facility from another bank to Emirates Islamic.
The EMI Calculator (available for Construction Finance) is designed to estimate your instalment amounts based on the finance amount, tenure and profit rate you input; it does not itself break out Takaful premiums. Life and Property Takaful coverage is arranged separately as part of the overall Home Finance process and is reflected in your total payment obligations, but Takaful cost estimates should be obtained from the bank or its empanelled Takaful providers.
The maximum Finance-to-Value for Home Finance is up to 85% of the property value for UAE Nationals, compared with up to 80% for expatriates, both subject to a maximum finance amount of up to AED 25 million and the bank's standard eligibility and valuation criteria.
Discover a range of flexible financing solutions tailored to fit your lifestyle and goals
