Finance

Personal Finance - (Goods Murabaha, Services Ijarah and Certificates/Shares Murabaha)


Processing fee* Charges (in AED) Frequency
Certificates Murabaha 0.7875% of finance amount (Min AED 525, Max AED 2,625)
Per Application
Shares Murabaha/Goods Murabaha & Services Ijarah 1.05% of finance amount (Min AED 525, Max AED 2,625) Per Application
Takaful Fees** 0.01194% x Finance Amount x Finance Period (in months Additional Fees for Pilot & Cabin Crew:- 0.00424% x Finance Amount x Finance Period (in months) above rates are applicable for 5 years pricing Per Application
Deal Cancellation Fee 105 Per Request
Balance Liability Certificate 63 Per Request
Clearence Letter (No Liability Certificate) 63 Per Request
DDS/Cheque Return Fee (Any DDS/cheque deposited with the Bank to pay the monthly installment returned unpaid) 0 -
Deferment of Installment AED 105 per installment Per Request
Obligated amount to charity (late payment fee)*** 210 Per Instance
Early Settlement - 1.05% of outstanding balance or max AED 10,500
- (Principal Outstanding x 1.05% inclusive of VAT)
- Payable at the time of settlement
Per Request
Partial Payment - 1.05% of payment made or max AED 10,500
- (Partial Settlement Amount x 1.05% inclusive of VAT)
- Payable at the time of partial settlement
Per Request

*Non-refundable post approval.
**Rates mentioned are minimum & indicative only. Takaful rate may increase based on outcome of medical tests undertaken through the Takaful provider appointed by the Bank.
***The bank shall pay any such amounts on behalf of the customer to a charity approved by the bank's Internal Shariah Committee, after deducting the actual expenses incurred due to customer's delay or default in making the due payment(s).
All charges, commissions and fees are inclusive of Value Added Tax or any other similar sales tax (VAT). The Customer hereby agree to pay an amount in respect of any applicable VAT.


Vehicle Finance


Processing fee Charges (in AED) Frequency
Salaried and Self Employed individuals 1.05% of the vehicle finance amount
(subject to min. AED 525 and max. AED 2,625 per vehicle financed)
Per Application
Rent-a-Car and companies 1.05% of finance amount
(subject to min. AED 525 per vehicle financed)
Per Application
LMHV (Light Medium Heavy Vehicle) Finance 1.05% of finance amount
(subject to min. AED 525 and max. AED 5,250 per vehicle financed)
Per Application
DDS/Cheque Return Fee
(Any DDS/cheque deposited with the Bank to pay the monthly installment returned unpaid)
0 -
DDS cancelation/amendment to amend/change payee bank Nil -
Issuance of liability letter to other banks 63 Per Request
No Objection Certificate (NOC) to change number plate/ transfer of registration Nil -
Obligated amount to charity (Late payment fee)* 210 Per Instance
Advance payment of installment 1.05% of installment Per Request
Change of due date on standing instructions 26.25 Per Request
Early settlement fee - 1.05% of outstanding Max AED 10,500
- (Outstanding balance x 1.05% inclusive of VAT)
- Payable at the time of settlement
Per Request
EMI deferment charges (Per Request) 105 Per Request

*The bank shall pay any such amounts on behalf of the customer to a charity approved by the bank's Internal Shariah Committee, after deducting the actual expenses incurred due to customer's delay or default in making the due payment(s).
All charges, commissions and fees are inclusive of Value Added Tax or any other similar sales tax (VAT). The Customer hereby agree to pay an amount in respect of any applicable VAT.


Home Finance


Charges (in AED) Frequency
Arrangement Fees
Pre approval fees AED 1,575 for Bina'a - Salaried
AED 2,625 for Bina'a - Self Employed
AED 1,050 for Manzili - Salaried & Self Employed
Per Application
Processing fees 1.05% of the finance amount with no cap for all cases
Fee can be deducted from Equity release amount (Optional)
For Buyout with Equity Release, 1.05% of equity release amount
Per Application
Prepayment Fees (Pre Purchase of Leased Asset)
Under Construction/Completed Property (Salaried Individuals & Self Employed Individuals)
a. Full settlement - Own funds - Residential Property - 1.05% of outstanding amount (Maximum AED 10,500)
Commercial Property - 1.05% of outstanding amount (Maximum AED 10,500)
- (Principal Outstanding x 1.05% inclusive of VAT)
- Payable at the time of settlement
Per Request
b. Full Settlement – Buyout - Residential & Commercial Property - 1.05% of outstanding amount (Maximum AED 10,500)
- (Principal Outstanding x 1.05% inclusive of VAT)
- Payable at the time of settlement
Per Request
c. Dewan office settlement NIL  
d. Sheikh Zayed Housing Programme NIL  
Partial Settlement (Under Construction/Completed Property)
a. Residential Property - 1.05% of the amount being settled/paid (Maximum AED 10,500)
- (Principal Outstanding x 1.05% inclusive of VAT)
- Payable at the time of settlement
Per Request
b. Commercial Property -1.05% of the amount being settled/paid (Maximum AED 10,500)
- (Principal Outstanding x 1.05% inclusive of VAT)
- Payable at the time of settlement
Per Request
c. Dewan office settlement NIL  
d. Sheikh Zayed Housing Programme NIL  
Cancellation Fees
a. Cancellation of application before approval 3,150 Per Application
b. Cancellation of application by customer after approval by bank No refund on pre approval fees
For full case - AED 3,150
Per Application
c. Application declined by Financial Institution No Charge -
Takaful (Insurance) Fees(**)
Takaful Provider Property Takaful Fees Life Takaful Fees  
Noor Takaful 0.0525% 0.12204% Per Month
Arabian Scandinavian Insurance Company (PLC) - Takaful - Ascana Insurance (ASCANA) 0.0525% 0.15072% Per Month
Dubai Islamic Insurance & Reinsurance Company(AMAN) 0.0525% 0.14700% Per Month
Letter Fees
a. Liability Letter addressed to Banks & other Financial Institutions 89.25 Per Request
b. Liability Letter addressed to Government Authorities & Charitable Organizations 89.25 Per Request
c. Release Letter 52.50 Per Request
d. Clearance Letter 99.75 Per Request
e. Issuance of NOC 157.50 Per Request
f. Request for other letters 94.50 Per Request
g. Other certificates 78.75 Per Request
Revalidation of Offer Letter Fees
a. Offer Letter Renewal 945 Per Application
b. Pre approval Renewal 525 Per Application
c. Change in approval terms 1,575 Per Application
Other Fees
a. Deferment of Installment 300 per installment Per Request
b. Change in Installment Recovery Dates 367.50 Per Request
c. Non-standard statement production/Copy of original documentation 105 per document Per Request
d. Late Payment Fee*** 735 per installment Per Instance
e. Change of Repayment Account 262.50 Per Request
f. Extension / Reduction of Tenor 5,250 subject to approval Per Request
Property Evaluation Fees
Payable to Emirates Islamic Residential: Bina - AED 3,675 & Manzili – AED 2,625, or as charged
by the evaluator approved by Bank
Commercial: AED 6,300 or as charged by the evaluator approved by Bank
Per Application
Government Fee
Registration Fee As per the fee tariff of government authorities of respective emirate of UAE Per Application
Mortgage Fee As per the fee tariff of government authorities of respective emirate of UAE Per Application
Mortgage Release As per the fee tariff of government authorities of respective emirate of UAE Per Application


*The Bank reserves the right to change the above Bank pricing at any point of time and thus the above rates are applicable as of date. Charges will be levied as applicable at the time of the transaction & as determined at the sole discretion of the bank and after announcing it.
**Rates mention are minimum & indicative only. Takaful rate may increase based on outcome of medical tests undertaken through the Takaful provider appointed by the Bank. Takaful coverage period is restricted to the maximum age criteria defined under the Policy issued by the Takaful provider appointed by the Bank.
***The Bank shall pay any such amounts on behalf of the customer to a charity approved by the Bank's Internal Shariah Committee, after deducting the actual expenses incurred due to customer's delay or default in making the due payment(s).
All charges, commissions and fees are inclusive of Value Added Tax or any other similar sales tax (VAT).

Please note that there may be additional charges which are to be paid to the developer according to the tariff of the Developer.


General Conditions:

  • Charges are in UAE Dhs and subject to Bank's Policy
  • All fees and charges mentioned in this guide are subject to change without notice. Updated tariff will be available on the bank's website www.emiratesislamic.ae
  • Any fees listed in this guide apply to normal transactions. The bank reserves the right to levy additional charges for additional services at its sole discretion.
  • Charges for any services not mentioned in this booklet will be available on request.
  • Al Reem customers will be charged as per the type of account customer holds i.e. Classic or Select.