Achieve your homeownership goals with Emirates Islamic’s Home Finance for UAE Nationals. Access flexible, Shariah-compliant solutions for buying, building, or completing your home, along with competitive profit rates, construction support, and financing options for approved developments across the UAE.
Convenient monthly payments with longer payment tenures of up to 25 years.
Finance up to 85% of the property value, with a maximum of 25 million.
Engineering and project monitoring services at no additional cost for under construction properties.
Giving you the flexibility to build your home the way you always wanted it to be. Using the Islamic principle of Forward Ijarah, the bank Finance the construction of the property. Once completed, we lease the property back to you under the agreed payment plan.
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.
Restricted Properties (areas in which properties are allowed only for UAE nationals) across all seven Emirates
Construction Finance available on granted land with first-rank and second-rank mortgages.
Mohammed Bin Rashid Housing Establishment (Second-rank mortgages). Click here to learn more.
Sharjah Housing Program (First-rank mortgages).
To ensure a smooth and efficient application process, please prepare the required documents.
Please Note: For Government/Semi-Government organizations, salary credited to the customer's Emirates Islamic Bank Account will be considered as evidence of assignment.
For Contractor Payments, please click here to view the list of documents in the required formats.
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. This is, however, not permitted under Shariah principles. Islamic home finance operates under Ijarah Muntahiya Bittamlik, a lease-to-own structure. You identify the property, and the bank purchases and takes ownership of it. The bank then leases it to you for an agreed term. 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.
Profit rates on UAE home finance are shaped by the financing tenure, the finance-to-value ratio, the type of property (completed vs under construction, restricted land, etc.), the applicant's credit profile, and benchmark rates such as EIBOR, to which Emirates Islamic's competitive profit rates are linked.
No, Emirates Islamic does not charge any additional profit on accrued profit on any credit product granted to customers.
Yes, you can apply to transfer your existing Home Finance from another bank to Emirates Islamic, subject to meeting the bank's eligibility and documentation requirements.
The maximum finance tenure for Home Finance for UAE Nationals can go up to 25 years, depending on your profile and eligibility.
A down payment may be required for construction finance depending on the property type, the bank's valuation, and the stage of construction.
Yes, Takaful coverage is mandatory for Home Finance. It is arranged as part of the home finance process and includes Life Takaful (protection for you and your family) and Property Takaful (covering the property against damage or loss as stated in the policy).
Yes, self-employed UAE Nationals can apply for Home Finance for UAE Nationals by submitting the required business and financial documents, such as trade license copies, audited financial statements, and business/personal account statements, alongside the standard property documentation.
The Home Finance Calculator and EMI Calculator are designed to estimate your monthly instalments based on the finance amount, tenure and profit rate you enter; they are not designed to estimate the underlying construction costs themselves. For an estimate of construction costs, you would need an approved Bill of Quantities from your contractor/consultant, which the bank's engineering team reviews as part of the construction finance application.
Discover a range of flexible financing solutions tailored to fit your lifestyle and goals
