Islamic Finance Dubai, UAE – Best Personal Finance in UAE
Islamic finance is a different type of banking process that differs from general banking services in one single regard, it does not charge interest. As Islam forbids charging, Islamic finance also forbids from charging interest from the clients. Following Sharia law, Islamic financial method believes that money itself does not come with any value but it is an element that helps in defining value of other worldly elements.
The banks that follow Islamic finance, never charges money for money, rather they earn profit by sharing the risk issues with their clients or investors.
Apply for loan to suit all financial needs with Islamic financing in UAE.
Bank Islam Personal Financing, Dubai Islamic personal loan, Emirates Islamic personal loan, Islamic credit card and loan/finance solutions for UAE nationals & foreigners.
Looking for Islamic Loan?
We are a lead generating company which connects consumers with third party lenders.
Apply now for cash and get a quick approval. Minimum period – 6 months and maximum period – 60 months.
The minimum apr is 1.54% and maximum apr is 24.99% depending on your company, salary, bureau score and the type of loan you avail.
Applicable fees will be 1% of loan amount as processing fees & 1% of remaining amount if early settlement.
There are no charges for applying on our platform. Once you apply for the type of product you are interested in, you will get calls from our registered consumers, which will be great for you to compare and decide amongst the options.
Illustration-
Principal Loan Amount = AED 100
Rate of Interest = 1.54%
Processing Fee = 1%
Tenure = 6 month
Total Loan Amount = Principal Loan Amount + Interest + Processing Fee
= 100 + 1.54 + 1
= 102.54
Monthly Installment = Total Loan Amount / Tenure
= 102.54 / 6
= 17. 09