DIB (Dubai Islamic Bank) Mortgage
Leading Islamic bank with strong Sharia-compliant mortgage solutions and competitive rates.
Key Terms & Rates
Interest Rate Range
4.35%–5.75%
Fixed & variable options
Maximum LTV
80%
Loan-to-value cap
Processing Fee
AED 2,000
One-time application fee
Pre-Approval Timeline
6d
For salaried professionals
Minimum Salary
AED 4,500
Typical requirement
Early Settlement
No penalty with Ijara contracts
Prepayment terms
Islamic Options
Yes
Sharia-compliant products
Status
Active & Competitive
Updated April 2026
Strengths
- ✓Best-in-class Islamic mortgage products (Ijara, Murabaha)
- ✓Competitive rates for Islamic financing
- ✓Fast approval for salaried professionals
- ✓Dedicated Islamic finance specialists
Weaknesses
- ✗Limited conventional finance options
- ✗Fewer branches than Emirates NBD
- ✗Smaller loan portfolio than market leaders
Application & Approval Process
Pre-Approval Steps
- 1. Complete online/branch application with ID, salary certificate and bank statements
- 2. Bank verifies employment and credit history (2–3 business days)
- 3. Property valuation requested once property identified (1–2 days)
- 4. Final approval issued within 6 days total
Required Documentation
- • Valid passport & residency visa
- • Last 3 months' salary slips
- • Last 6 months' bank statements
- • Employment letter on company letterhead
- • Property-specific documents (once identified)
- • Proof of down payment source
Timeline to Disbursement
Pre-approval: 6 days. Full approval: +7–10 days post-contract. Disbursement: +2–5 days after final approval and title registration.
Ready to Apply?
Our team can help you prepare your application, compare final offers and negotiate rates with DIB (Dubai Islamic Bank)and competing lenders. Get your pre-approval in hand before your property search.