Buying a car is made simple and hassle-free with Emirates Islamic Vehicle Finance. The Islamic car finance we offer, gives you the opportunity to bring home the car you wanted with the least possible trouble with paperwork and payments.
Our Vehicle finance scheme known as Intaleq is an Islamic vehicle finance service which is Shari’a compliant, offering one of the best finance solutions and personalized service. Flexible payment plans, competitive rates and a host of other benefits will have you ready to own your dream car today.
Here are some of the top features you can benefit from:
Be it a brand-new sports car or an SUV, no matter what your dream car is, we’ve got all the solutions to meet your needs and budget. The Emirates Islamic Car Finance allows you to enjoy a range of benefits and bring home your dream car.
If you are a UAE national or a resident of the UAE and if you fulfil the necessary requirements, you are eligible for Emirates Islamic Auto Finance. Terms and Conditions Apply.Click here
There are two ways you can apply for auto finance:
1. Apply for auto finance online by clicking click here, providing all the required details and submitting them.
2. Visit your nearest Emirates Islamic Bank.
* Terms and conditions apply
Profit rates vary by Tenure & subject to bank policy
Yes, Insurance, Accessories and VAT financing is available.
The validity of the LPO is 45 days from the date of issue. Terms and Conditions Apply.
No, there is no additional charge for the graced period.
Yes, however, certain Terms and Conditions apply.
Yes, it can be deferred, however, certain Terms and Conditions apply.
Yes. Terms and Conditions apply.
Our flexible repayment tenor extends to a maximum of 60 months.
The minimum repayment tenor is 12 months.
Yes, your chances of getting auto finance are reduced drastically if you have a history of bad repayments. However, if your credit score has been increasing recently your chances may increase as well.
Every time you apply for a finance the bank will check your credit report. The more times your credit report is pulled out, the worse it is for your credit score.
Yes. Terms and Conditions Apply.
As per Shari’a, it is impermissible to buy a loan at discount or at premium.
An Islamic Bank does not earn any interest on its financings, rather it generates profits through entering into various commercial activities like sale & purchase, leasing, construction etc.
However, installments paid by a Borrower in a Conventional Bank represents repayment of a previously taken loan.
Click here to learn more.