BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.355620
One Week |
3.649820
One Month |
3.698870
Three Months |
3.719840
Six Months |
3.705170
TWELVE MONTHS |
3.983430
BEST OFFERS
Employed Resident 3.78% | Self Employed Resident 3.99%
TODAY'S CURRENT EIBOR
On |
3.355620
One Week |
3.649820
One Month |
3.698870
Three Months |
3.719840
Six Months |
3.705170
TWELVE MONTHS |
3.983430
Mudaraba
Mudaraba is a Sharia-compliant arrangement where the bank provides the money and the customer (or business) manages how it is used, and any profit is shared between them based on an agreed ratio.
In this setup, the bank (Rab-al-Mal) provides the funds, while the person managing the investment (Mudarib) uses the funds to generate returns.
In the UAE, Mudaraba is mainly used for investment and business financing, and is not commonly used for standard home finance. Most Islamic mortgages use structures like Ijarah, where the bank (Mu’jir) leases the property to the customer (Musta’jir).
Best Mortgage Rates in UAE
Updated Daily
Employed Resident
3.78%
Fixed for 2 years
Thereafter
1.89% + 6M EIBOR with a minimum floor rate of 3.24%
Property Insurance - 0.06% p.a.
Life Insurance - 0.035% p.m
Employed Non Resident
4.19%
Fixed for 3 years
Thereafter
1.99% + 3M EIBOR with a minimum floor rate of 2.24%
Property Insurance - 0.05% p.a.
Life Insurance - 0.0102% p.m
Self Employed Resident
3.99%
Fixed for 2 years
Thereafter
1.29% + 3M EIBOR
Property Insurance - 0.035% p.a.
Life Insurance - 0% p.m
Self Employed Non Resident
4.19%
Fixed for 3 years
Thereafter
1.99% + 3M EIBOR with a minimum floor rate of 2.24%
Property Insurance - 0.05% p.a.
Life Insurance - 0.0102% p.m
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