Who Can Apply for and benefits of the ADIB Goods Murabaha Loan?
The benefits of the ADIB Goods Murabaha Loan are available to UAE nationals and expatriates who meet the established criteria. The applicant must have a minimum income of AED 8,000 and be employed by an ADIB-approved company.
The minimum age for application is 21 years. The maximum age at the end of the financing term is 65 years for nationals and 60 years for expatriates. Additionally, salary transfer to ADIB is mandatory during the financing period.
Requirements to apply and benefits of the ADIB Goods Murabaha Loan
✔ Original and copy of a valid passport (with a valid residence visa for expatriates)
✔ Original and copy of a valid Emirates ID
✔ Goods quotation addressed to ADIB
✔ New salary transfer letter / Salary certificate addressed to ADIB
✔ Three-month bank statement (if salary is not credited to ADIB)
✔ Salary transfer is required
✔ Employment with an ADIB-approved employer
✔ Minimum salary requirement: AED 8,000
✔ Minimum application age: 21 years
Maximum age at loan maturity:
✔ UAE nationals: 65 years
✔ Expatriates: 60 years
Tip to maximize the benefits of the ADIB Goods Murabaha Loan
Before applying for the Goods Murabaha Loan, carefully evaluate your financial needs and capabilities. Ensure that the loan amount and repayment period align with your budget to avoid future financial strain.
Consider opting for Takaful coverage, which provides additional protection in unexpected situations. This coverage can be a crucial factor in ensuring peace of mind throughout the financing period.
What are the profit rates for the ADIB Goods Murabaha Loan?
The ADIB Goods Murabaha Loan offers competitive profit rates, making it an attractive option for those seeking fair conditions aligned with Islamic principles. Specific rates may vary based on the client’s profile and market conditions.
It is recommended to contact ADIB directly for updated information on applicable rates. This way, you can have a clear understanding of the associated costs and plan your budget accordingly.
How to apply for the ADIB Goods Murabaha Loan?
To apply for the loan and take advantage of the benefits of the ADIB Goods Murabaha Loan online in just 10 minutes—it’s quick, secure, and easy. Alternatively, visit the nearest ADIB branch for personalized assistance. Make sure to have all the required documents ready to speed up the process.
Find out now how to apply for the ADIB Goods Murabaha Loan and take advantage of its benefits. Click the button below for more information and start your journey toward achieving your goals ethically and in alignment with your values.