ADIB (Abu Dhabi Islamic Bank) offers a tailored solution for financing used cars through the Islamic principle of Murabaha. This unique approach ensures that your vehicle purchase aligns with Sharia principles while providing you with a range of features and benefits.
Features
- ADIB’s Murabaha-based financing adheres to Islamic principles, ensuring transparency and fairness in your car purchase.
- Benefit from competitive and transparent profit rates that suit your financial needs.
- ADIB provides flexibility in financing options, making it easier for you to acquire the used car of your choice.
- Experience swift approval processes, enabling you to make a timely purchase without unnecessary delays.
- Enjoy a comfortable repayment period that aligns with your financial capabilities.
Benefits
- ADIB ensures that your financing is by Islamic principles, providing peace of mind.
- Access financing at competitive rates, enhancing the overall affordability of your used car.
- The flexibility in repayment options ensures that your financial commitments align with your budget.
- ADIB prioritizes transparency, ensuring that you are fully informed about the terms and conditions of your financing.
Required Documents
To facilitate the Murabaha financing process, you will need to provide the following documents:
- Original Passport and Emirates ID
- Valid UAE Residence Visa
- Employment and Labor Card
- Valid Residence Visa
- Salary Certificate
- Security Cheque
ADIB salary transfer
- When the salary is below AED 20,000 the rate starts at 3.25% for STL and 3.49% for PDC
- When the salary is between AED 20,000 to AED 49,999 the rate starts at 2.99% for STL and 3.25% for PDC
- When the salary is above AED 50,000 the rate starts at 2.79%
