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. Press the icon to view the full policy document.
Covers your home against damage, loss or unexpected events for added peace of mind. Press the icon to view the full policy document.
There are several key differences. With a conventional home mortgage/home loan, you borrow money to buy a house and then pay the money back over a number of years. You are charged interest on the money you borrow, which is in contravention of Shari'a principles.
In Islamic Home Financing, you will identify the property that you wish to buy and the bank will purchase it on your behalf from the seller. Instead of selling the property to you, the Bank will lease it to you for an agreed period. At the same time, the Bank undertakes to provide the property as a gift to you as long you fulfill all the terms and conditions spelt out in the lease agreement.
The distinguishing feature of this mode is that the assets remain the property of the bank. Over the term of the finance, the bank becomes the landlord and you assume the role of a tenant. During this period you make monthly payments, which consist of a contribution towards the purchase price of the property (principal) and rental payments (profit / interest). When you have made enough 'capital' contributions to match the original purchase price, we transfer the property to you.
Yes, you can refinance the existing home loan facility with other banks through Emirates Islamic Home Finance.
No, Emirates Islamic does not charge any additional profit on accrued profit on any credit product granted to customers.
Yes, you can apply for a finance transfer subject to meeting our eligibility and documentation requirements.
The finance tenure can go up to 25 years, depending on your profile and eligibility.
A down payment may be required depending on the property type, valuation, and construction stage.
Yes, Takaful coverage is required and is arranged as part of the home finance process to ensure customer protection.
Yes, self-employed applicants may apply by submitting the required financial and business documents.
Discover a range of flexible financing solutions tailored to fit your lifestyle and goals
