Finance

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


(in AED)
Processing fee
Certificates Murabaha 0.75% of finance amount (Min. of AED 500 and Max. of AED 2,500)
Shares Murabaha/Goods Murabaha/ Services Ijarah 1% of finance amount (Min. of AED 500 and Max. of AED 2,500)

Broker Trading Commission
(Applies to Shares/Certificates Murabaha customers only)
Certificates Murabaha 1% of finance amount
Shares Murabaha 0.55% of finance amount

Other Charges
Takaful Fees 0.75% of finance amount
Credit Life Takaful additional fee 2.75% of the finance amount for Special Buyout
Deal Cancellation Fee 100
Early / Partial Settlement 1% of the outstanding / amount part settled capped at 10,000
Balance Liability Certificate 100
Clearence Letter (No Liability Certificate) 100
Cheque return fee (Any cheque, deposited with the bank to pay the monthly installment, which is returned unpaid) 100
Late Payment Charges for overdue installment ** 200

Vehicle Finance


(in AED)
Processing fee*
Salaried and Self Employed individuals 1% of the vehicle finance amount
(subject to min. AED 500 and max. AED 2,500 per vehicle financed)
Rent-a-Car and companies 1% of finance amount
(subject to min. AED 500 per vehicle financed)
LMHV Finance 1% of finance amount
(subject to min. AED 500 and max. AED 5,000 per vehicle financed)
Cheque return fee (Any cheque deposited with the bank to pay the monthly installment returned unpaid) 100
DDS cancelation/amendment to amend/change payee bank Nil
Issuance of liability letter to other banks 60
No Objection Certificate (NOC) to change number plate/ transfer of registration Nil
Late Payment Charges for overdue installment** 200
Advance payment of installment 1% of advance payment
Change of due date on standing instructions 25
Release Letter 100
Clearance Letter (No Liability Certificate) 100
EMI deferment charges (Per Request) 100

Bina'a and Manzili Home Finance


(in AED)
Arrangement Fees
Pre approval fees AED 1,500 for Bina'a - Salaried
AED 2,500 for Bina'a - Self Employed
AED 1,000 for Manzili - Salaried & Self Employed
Processing fees 1% 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% of equity release amount
Prepayment Fees (Pre Purchase of Leased Asset)
Under Construction/Completed Property (Salaried Individuals & Self Employed Individuals)
a. Full settlement - Own funds Residential Property - 1% of outstanding amount (Maximum AED 10,000)
Commercial Property - 1% of outstanding amount (Maximum AED 10,000)
b. Full Settlement – Buyout Residential & Commercial Property - 1% of outstanding amount (Maximum AED 10,000)
c. Dewan office settlement NIL
d. Sheikh Zayed Housing Programme and Directorate of Housing Sharjah Government Finance NIL
Partial Settlement (Under Construction/Completed Property)
a. Residential Property 1% of the amount being settled/paid (Maximum AED 10,000)
b. Commercial Property 1% of the amount being settled/paid (Maximum AED 10,000)
c. Dewan office settlement NIL
d. Sheikh Zayed Housing Programme and Directorate of Housing Sharjah Government Finance NIL
Cancellation Fees
a. Cancellation of application before approval 3,000
b. Cancellation of application by customer after approval by bank No refund on pre approval fees
For full case - AED 3,000
c. Application declined by Financial Institution No Charge
Takaful (Insurance) Fees(***)
Property Takaful Fees 0.05% of property value per annum
Life Takaful Fees 0.35% of outstanding finance amount per annum
Letter Fees
a. Liability Letter addressed to Banks & other Financial Institutions 85
b. Liability Letter addressed to Government Authorities & Charitable Organizations 85
c. Release Letter 50
d. Clearance Letter 95
e. Issuance of NOC 150
f. Request for other letters 90
g. Other certificates 75
Revalidation of Offer Letter Fees
a. Offer Letter Renewal 900
b. Pre approval Renewal 500
c. Change in approval terms 1,500
Other Fees
a. Deferment of Installment 300 per installment
b. Change in Installment Recovery Dates 350
c. Non-standard statement production/Copy of original documentation 100 per document
d. Late Payment Fee** 700 per installment
e. Change of Repayment Account 250
f. Extension / Reduction of Tenor 5,000 subject to approval
Property Evaluation Fees
Payable to Emirates Islamic Residential: Bina - AED 3,500 & Manzili – AED 2,500, or as charged
by the evaluator approved by Bank
Commercial: AED 6,000 or as charged by the evaluator approved by Bank
Municipality Fee
Registration Fee As per the particular Emirate of UAE Municipality Tariff
Mortgage Fee As per the particular Emirate of UAE Municipality Tariff
Mortgage Release As per the particular Emirate of UAE Municipality Tariff

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.

*Non-refundable post approval.
** Portion of which is payable by the Bank to charity as per the Shari'a board 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
****All charges, commissions and fees are exclusive 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.