Dubai Islamic Bank – Al Islami Car Finance 2024 Features

Minimum Salary

AED 3,000

Monthly Payment

AED 1,748

Flat Rate


Down Payment

20 %

Salary Transfer

Yes No

Early Settlement Fees


Maximum Term

5 Years

Reducing Rate


Dubai Islamic Bank (DIB) offers Al Islami Car Finance for the year 2024 with various features and benefits tailored to meet the diverse needs of customers. This financing option is designed to provide a Sharia-compliant solution for individuals seeking to purchase a vehicle.


  1. Competitive Profit Rates: DIB provides transparent profit rates for new and used cars financed through Al Islami Car Finance.
  2. Flexible Financing Options: The bank offers flexible financing options for both new and used vehicles. Accommodating a wide range of customer preferences.
  3. High Financing Limits: Customers can benefit from financing amounts tailored to their needs, supporting them in acquiring their desired vehicles.
  4. Extended Financing Tenure: Al Islami Car Finance offers extended repayment periods, providing customers with flexibility in managing their finances over an extended period.
  5. No Hidden Charges: Dubai Islamic Bank is committed to transparency, ensuring no hidden charges or unexpected fees are associated with car finance.


  1. Sharia-compliant FinancingAl Islami Car Finance adheres to Islamic principles, making it a Sharia-compliant solution for customers. Who prefer ethical and interest-free financial transactions.
  2. Quick Approval Process: DIB ensures a swift and efficient approval process. Which allows customers to fulfill their dream of owning a vehicle with minimal hassle.
  3. Diverse Financing Options: Whether customers prefer new or used cars, DIB’s Al Islami Car Finance caters to various vehicle preferences.
  4. Customer-Friendly Documentation: The documentation process is to be simple, ensuring a smooth experience for customers applying for car financing.

Required Documents

To facilitate the application process, customers typically need to provide the following documents:

  • 3 months’ bank statements
  • Salary certificate/slip
  • Passport / Khulasat al Khaid copy
  • Valid Visa (Expatriate Customers)
  • Emirates ID card
  • Dealer evaluation of the vehicle

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Dubai Islamic Bank - Al Islami Car Finance 2023/2024 Features

Dubai Islamic Bank - Al Islami Car Finance

Dubai Islamic Bank (DIB), established in 1975, stands as a pioneering institution and the world's first Islamic bank. Operating in adherence to Islamic Sharia principles, DIB has played a pivotal role in shaping the landscape of Islamic finance. Offering a diverse range of financial services, including retail, corporate, private, and investment banking, DIB has been at the forefront of introducing innovative and Sharia-compliant products. With a global presence, the bank has expanded its operations beyond the United Arab Emirates, solidifying its position as a key player in the international Islamic banking sector. DIB is recognized not only for its financial offerings but also for its commitment to customer service, leveraging modern technology and contributing to social development through various corporate social responsibility initiatives.

If you're in the market for a car loan, you're in the right spot. We offer an extensive selection of over 40 diverse car loan options for you to consider. We've carefully assessed criteria such as minimum salary requirements, monthly repayment plans, and the flat rate percentage.