Top Banks Offering Islamic Mortgage Loans in UAE

Islamic mortgage loans are known for their transparency and compliance with Sharia financing laws. With various banks and financial institutions offering these products, Islamic home finance has become significant in the UAE’s real estate market.

Common Features and Benefits of Islamic Home Loans

Here are the general benefits and features of Islamic bank home loans -

• Flexible loan repayment tenures
• High financing amounts for both UAE nationals and expats
• Top-up loan facility available
• Competitive profit rates

Top 5 Banks Offering Islamic Mortgage Loans in the UAE

Given below are the top banking institutions offering Islamic financing house loans in the UAE -

1- ADCB Home Finance

ADCB offers competitive mortgage solutions tailored for both UAE nationals and expats. With flexible repayment plans and attractive rates, it allows you to finance up to 85% of the property's value.

Notably, you have options to choose from hybrid or variable rates.

Feature Type	Description
Finance Percentage of Up to	85% of the property value for UAE nationals 80% of the property value for expats 50% of the property value for non-residents
Profit Rate Starting from	4.5% per annum
Profit Rate Structure	Hybrid structure Variable rate structure — EIBOR + Margin
Maximum Loan Tenure	For UAE nationals and expats — 25 years  For non-residents — 15 years
Apply Now

2- Emirates Islamic Manzili Home Finance

This is a Shariah-compliant mortgage solution by Emirates Islamic Bank for both UAE nationals and expatriates. Offering up to 85% financing, Manzili provides flexibility with fixed or variable profit rates as well as options for early settlement.

This Islamic loan for houses is structured on the principles of Ijarah and Murabaha, ensuring a transparent and ethical home financing process.

Comprehensive Solutions	Transfer, buy, or cash release option for any freehold property in the Emirates
High Finance Amount of Up to (as a percentage of the property value)	85% for UAE nationals 80% for expats
Documentation	Minimal documentation and quick approvals
Loan Repayment Tenure	Up to 25 years
Apply Now

3- Dubai Islamic Bank Home Loan

This is a Shariah-compliant mortgage option with high financing amounts for UAE nationals and expatriates.

Providing flexible repayment options and competitive profit rates, this Islamic mortgage loan can be used for purchasing ready or under-construction properties, refinancing existing mortgages, and even commercial property financing solutions, ensuring a comprehensive home financing solution.

Finance Amount	Up to 85% of the property value
Repayment Tenure of Up to	25 years
Salary Transfer	Not Required
Apply Now

4- Standard Chartered Saadiq Home Finance

The SC Islamic Finance home loan, available for expats and UAE nationals alike, is based on the principles of Ijarah. With competitive profit rates and the option for early settlement, Saadiq Home Finance makes homeownership accessible and convenient.

Application Processing	Within 2-7 business days
Loan Repayment Period	Up to 25 years
Processing or Valuation Fees	Zero
Property Takaful for Life	Free
Apply Now

5- Sharjah Islamic Bank — Real Estate Finance

Under Sharjah Islamic Bank Real Estate Finance, you can find multiple solutions, including non-residential property finance, under-construction property finance, and residential land and ready/ finished properties.

Finance Amount	Up to AED 8 million
Loan Repayment Tenure	Up to 25 Years
Salary Transfer	Not Required
Type of Applicants	Salaried and Self-Employed
Apply Now

Eligibility Criteria for Islamic Finance Mortgage Loan

Here are the common eligibility requirements for Islamic finance home loans in the UAE -

Eligibility Type	Requirements
Age	Minimum — 21 years Maximum — 65-70 years at the time of loan maturity*
Minimum Salary	AED 5,000
Nationality	UAE nationals, expats, and non-residents
Employment Status	Salaried or self-employed
Credit Score	As per the bank’s specific requirements

*age may vary as per the nationality

Note: Additional eligibility criteria may apply depending on your profile.

Islamic Bank Home Loan: Documents Checklist

You may have to provide the following documents at the time of applying -

For Salaried Employees

For Self-Employed Individuals

Emirates ID Passport Residence visa (for expatriates) Labour contract copy Salary Certificate Last 3-6 months’ personal bank statements Salary Transfer Letter Last 3-6 month’s payslips (if applicable) Liability letter  Property details including the Quote or Offer Letter from the seller Title Deed and Site Plan Sale and Purchase agreement Down payment receipts

Emirates ID Passport Residence visa for Expatriates Labour contract copy Documents regarding business — Trade licence Partnership Page (if multiple partners are there) Chamber of Commerce Registration Audited Financials for the last 2 years Copy of Memorandum/Articles of Association Last 3-6 months’ Business Account Statements Property details that may include —  Title Deed and Site Plan Sale and Purchase agreement Down payment receipts  Offer Letter or Quote from the seller

For Salaried Non-Residents

For Self-Employed Non-Resident

National ID Passport Salary Certificate Previous 3-6 months’ pay slips Last 3-6 months’ bank statements Liability or Reference letter Latest tax returns Credit Bureau Report Property details including — Quote or Offer Letter from the seller Down payment receipts Sale and Purchase agreement Title Deed and Site Plan

National ID Passport Business-related documentation (originals required for verification) including — Trade licence Labour Contract Partnership Page (for cases related to multiple partners) Memorandum or Articles of Association Chamber of Commerce Registration Audited Financials Last 3-6 months’ Business and Personal Account statements Liability or Reference letter Latest tax returns Credit Bureau Report (if applicable) Property details including — Title Deed and Site Plan Quote or Offer Letter from the seller Sale and Purchase agreement, Down payment receipts

Choose Paisabazaar UAE to Find the Best Islamic Home Loan

With Paisabazaar UAE’s website, you can easily explore the best products and find all the necessary details. This way, you can make an informed decision and apply for Islamic home finance without any hassle.

Click here to fill out the lead form. Next, compare the options, select one, and proceed with the on-screen prompts.

Why Choose Paisabazaar.ae?

• Top home loan options from the leading banking institutions across the UAE
• We offer a unique platform for comparing multiple home finance products
• Our experts are available for assistance 24/7
• The ‘Articles’ section on our website allows you to access all the information related to home loans

How to Calculate Monthly Instalments for Islamic Bank Home Loan?

Online Islamic mortgage loan calculators are convenient tools that let you estimate your mortgage payments. 

These calculators provide an estimate of not only the monthly instalment but also the total interest paid and the loan’s overall cost. For this output, they require a few details such as the loan amount, profit rate, repayment period, and the down payment.

Another benefit of such loan calculators is that you can compare different mortgage options from various banks. This can help you estimate your monthly instalments. Additionally, it helps in assessing the affordability and planning your finances, ensuring you choose a home loan that fits your budget and long-term financial goals.

Frequently Asked Questions