Emirates Islamic Personal Finance for Expats

  • Minimum Salary AED 5,000
  • Flat Rate
  • Reducing Rate 3.94%
  • Max. Term 4 Years
  • Salary Transfer No
  • Islamic Finance Yes


Emirates Islamic presents you with the opportunity to enjoy more from life with their personal finance solutions. Personal Finance is based on a Murabaha arrangement through trading of Shari'a compliant instruments like Shares or Wakala Certificates.

Major Advantage: Low salary requirement

Points to Consider: There is a processing fees


Major Feature:

  • Pre-approved credit card
  • Annual fee waived of for first year
  • Choice of immediate or deferred sale of shares or certificates


Profit Rates & Charges:

Reducing Rate (as advertised): Starting from 3.94% p.a.

Flat Rate: 2.06% p.a.* (as per 4 years calculation)

Processing Fees: 0.75% of the finance amount (Min AED 500, Max AED 2,500)

Early Settlement Fees: 1% of outstanding amount; The Bank has the discretion to waive off any or full outstanding profit.



Minimum Salary Requirement:

  • AED 5,000 If you are transferring your salary
  • AED 12,000 If you are not transferring your salary


Salary Transfer: Not Compulsory

Minimum Length of Service: 6 Months for salaried, 2 years for self-employed


Key Details:

Maximum Finance Amount: AED 1,000,000

Islamic Finance: Yes

Maximum Term: 48 Months

Takaful: 0.75% of the finance amount

Holiday Period: No

Salaried/Self Employed: Both salaried and self-employed clients can apply

Documents Required

  • Valid Passport, Visa and Emirates ID copy.
  • Last 3 months Salary bank statements.
  • Completed application form.
  • Rental & Additional Income Document (If any).
  • Liability letter (for buyout cases only).
  • Account opening forms for shares trading.
  • Salary transfer letter in favor of Emirates Islamic Bank. (for salaried clients).
  • Trade license copy. (for self-employed clients).
  • MOA copy. (for self-employed clients). 

Additional Info

  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Rates mentioned above are starting rate and it can vary with the profile of the client and the employer.
  • Flat rate is converted into Reducing rate as per 4 years calculation.
  • Trading commission as applied by the broker will be charged to the customer. Emirates Islamic Terms and Conditions Apply. 

Apply and Request Call Back

Fill in your details below and a product advisor will call you back with more details.
EMI Calculator


Get Help

Jessica Anderson, Finance Specialist is ready to help you!