Emirates Islamic Home Finance

Best Home Loans to buy your dream home

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  • Flexible repayment periods up to 25 years
  • Processing fees as low as 1%
  • Profit rates starting at 2.75% per year

Get Home & Mortgage loan at Lowest Interest Rate

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

While there are several steps associated with buying a house like exploring the best properties in your locality, comparing them, and more, perhaps the most crucial step in the process is the arrangement of funds for the same. You can find some of the best options in the form of Emirates Islamic Home Loan, which can provide you with a variety of options to fulfil your specific requirements

With the Emirates Islamic Bank, financing is available for both residential and commercial properties. Moreover, it also provides refinancing solutions for clients currently owning a home or having a  mortgage loan in UAE with another bank. To know all the relevant details related to Emirates Islamic Home Finance, continue reading the article below.

Emirates Islamic Home Finance – An Overview

Emirates Islamic offers two types of home loans in UAE, with one exclusively serving the UAE nationals while the other one is open to both UAE nationals and ex-pats. Let’s check out the various facts regarding the two separate Emirates Islamic Home Loan plans -

Emirates Islamic Home Finance - Bina'a



Loan Amount

Up to AED 15,000,000

Processing Fees

1.05% of the finance amount

Salary Transfer Required


Late payment fees

AED 735 per instalment

Loan Amount

Up to 85% of the property value

Loan Tenure

25 years

Click here to Apply for this Mortgage Loan

Emirates Islamic Home Finance – Manzili (for Both UAE Nationals and Ex-pats)



Loan Amount

Maximum: AED 15,000,000

Processing Fees

1% (0% processing fee for buy-outs)

Salary Transfer Required


Late payment fees

AED 735 per instalment

Islamic Finance Option

Not Available 

Loan Amount Up to 

85% of the property value for UAE nationals

80% of the property value for ex-pats

Loan Tenure

25 years

Click here to Apply for this Home Loan

Features & Benefits of Emirates Islamic Home Finance

When you apply for this Emirates Home Loan, you can expect several features and benefits such as:

  • Long Term for Easy Repayment - With the repayment period allowed for this home loan in UAE by Emirates Islamic Bank going up to 25 years, customers can easily pay it back without having to make large payments.
  • High Loan Amount - When opting for a home loan in UAE via Emirates Islamic Bank, the maximum loan amount available to UAE nationals is 85% of the property value and 80% of the same for ex-pats. Thus, you will be able to purchase a property with affordable instalments as well as down payments.
  • Low-Profit Rates - Individuals opting for this Emirates Islamic home loan benefit from the low-profit rates charged. With the flat rates starting as low as 1.92 per cent and 1.75 per cent per year for Manzili Home Loan and Bina Home Loan respectively, the loan repayment is easily completed without any additional financial burden. It should be kept in mind that the profit rate on your mortgage loan in UAE can vary depending on several factors.
  • Early Settlement - You can always settle an Emirates Islamic mortgage loan early by paying a minimal fee to the bank.
  • Additional Benefits - For Home Finance Bina’a, engineering and project monitoring services for your property are provided without any additional cost.

Buy your dream home through Home Loan @ lowest Rate in uae

Documents Required for Emirates Islamic Home Loans

When applying for Emirates Islamic Home Loans, you will be required to bring the following documents with you -

  • Valid passport/Khulasat al Qaid Copy/Valid visa
  • Bank statement for the previous 6 months
  • Salary Certificate less than 45 days old (For salaried individuals)
  • Salary letter (For non-salary transfer customers)
  • Copy of Trade License (Self-employed)
  • Memorandum and Articles of Association (Self-employed)
  • Audited financial statements (Self-employed)
  • Notarised POA (if applicable for self-employed)
  • Relevant property papers

Eligibility Criteria for Emirates Islamic Home Finance

Check out the eligibility criteria for obtaining a home loan in UAE from the Emirates Islamic Bank In the table below.

For Both Bina’a Home Finance and Manzili Home Finance



Minimum Salary Required

AED 15,000 per month

Salary Transfer Needed


How to Apply for Emirates Islamic Home Loan?

To apply for Emirates Islamic Home Loan, you can go to the Emirates Islamic website or one of its branches. You can also apply through Policybazaar UAE, where you will be able to view all the top home loan quotations compiled into one screen. With this feature, you can easily compare the best plans with respect to home loan in UAE and apply for your preferred plan in a few moments. 

Here’s how you can apply for Emirates Islamic Home Finance in the UAE

  • Visit policybazaar.ae and select the 'home loans' option.
  • A form will pop up and prompt you to enter your name, email address, phone number, and other information. Fill out this form as per the specified instructions.
  • Following your submission, you will be presented with quotes from the top-rated banks.
  • This is where you will be required to specify your preferred bank (Emirates Islamic Bank, in this case)
  • Select the 'apply now' option against the plan of your choice and provide all the required details for the same.
  • A Policybazaar UAE executive will connect with you soon to complete the following procedures

Top Reasons to Choose Emirates Islamic Home Finance

There are numerous reasons why one can consider the Emirates Islamic Home Loan facility from the list of the most prestigious banks in the UAE. Some of the most notable benefits of this Emirates Islamic home loan in UAE include easy processing, low fees, long repayment term, large loan amount, and more. Other than that, the bank also provides expert guidance to ensure a smooth application process.


What is the difference between Bina Home Finance and Manzili Home Finance?

Besides distinct profit rates and other factors, the main difference between these two policies for a mortgage loan in UAE is that Bina Home Finance is a UAE nationals-only policy, while Manzili Home Finance is available for both the UAE Nationals and ex-pats.

For getting a home loan at Emirates Islamic Bank, do I need to transfer my salary?

No, you do not need to transfer your salary to apply for a home loan in UAE with Emirates Islamic Bank. However, opting for a salary transfer can fetch you extra benefits.

What are the benefits that can be availed on the Emirates Islamic Bank Home Loan?

You can get a free pre-approved credit card, low-cost Takaful insurance, instalment deferral, and more when you avail of Emirates Islamic Manzili home finance.

Is an early settlement of the loan possible with Emirates Islamic Home Loans?

Yes, users have the option to settle a home loan early. However, an early settlement fee will be applicable here.

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