Emirates Islamic Offers 100% Financing for U.A.E. Homes
By Editors: Christopher Scinta -
2012-04-14T11:39:21Z
Emirates Islamic Bank ({EIB) is offering United Arab Emirates’ citizens full home financing through new Shariah-compliant mortgages with rates starting at 4.99 percent, it said in an e-mailed statement today.
Bina’a, meaning ‘to build’ in Arabic, is the only product in the country that offers 100 percent financing, the state- controlled lender said. Customers can finance an existing or new-build property and can fix their rate and installments for as many as five years, it added.
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.