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Dubai,: 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.
About Emirates Islamic:
Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is one of the fastest growing banks in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the
Emirates Islamic offers a comprehensive range of Shari’a-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 60 branches and 208 ATMs/CDMs across the UAE. In the fast growing area of online and mobile banking, the bank has the reputation as an innovator, being the first Islamic bank to launch a mobile banking app and the first Islamic bank to offer Apple Pay in the UAE.
Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. The bank won the prestigious Euromoney award for innovation in Islamic Finance in 2015 and Global Finance’s Innovator in Islamic Finance award for EI trade, the world’s first Shari’a-compliant online trade finance and supply chain platform. The bank has won several industry accolades in 2017, including Service Olympian Award for ‘Most Improved Website’ and ‘Best Social Media Reach’. In 2018, Emirates Islamic was named ‘Best Islamic Bank” in the UAE by Global Finance and ‘Best Islamic Banking Brand’ by Global Brands Magazine. The bank has also claimed the ‘Best Mobile Banking app’ award, and the ‘Best Islamic Card’ for its Emarati Credit Card at the Banker Middle East Product Awards 2018.
As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
For further information please visit www.emiratesislamic.ae
For queries, please contact:
Amina Al Zarooni
Media Relations Manager, Emirates Islamic
Tel: 971 4 4397430; Mob: 971 56 6405080
Email: AminaAlZarooni@emiratesislamic.ae
Tricia Kaul | Batoul Al Beitouni
ASDA’A Burson-Marsteller, Dubai, UAE
Tel: 971-4-4507600, Fax: 971-4-4358040
Email: Tricia.Kaul@bm.com | Batoul.AlBeitouni@bm.com
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