Emirates Islamic launches home finance solutions for non-residents

September 25, 2018

In line with its commitment to provide customers with a range of attractive Shari'a-compliant financing products, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of home finance solutions to help non-residents purchase property in the UAE. Investors residing in Kuwait, Oman, Bahrain, Saudi Arabia, India, the United Kingdom, China, Hong Kong and Russia can avail finance up to 50% of their UAE property value for a 25 year tenure at attractive profit rates.

Emirates Islamic announced the new home finance solution during its participation in the recently held second edition of Dubai Land Department's Dubai Property Show in Shanghai.

Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management at Emirates Islamic said: "We are extremely delighted to introduce home finance solutions to non-residents, helping them take the first step towards owning a property in the UAE. Dubai remains one of the world’s top destinations for second-home owners and investors alike. Through initiatives such as the Dubai Land Department’s Dubai Property Show and the availability of financing options, overseas investors will find it much easier to realise their dreams of purchasing a property in Dubai.”

In addition to attractive rates, customers applying for home finance can also benefit from fast-tracked documentation.

The launch is aligned with the bank’s strategy to expand its retail banking proposition and deliver a superior customer experience across its customer base.