DIB launches Al Islami Home Refinance product

DUBAI — Dubai Islamic Bank (DIB) has announced the launch of its new Al Islami Home Refinance product that allows customers to convert the equity gain in their property into another asset.

Published: Mon 6 Aug 2007, 9:01 AM

Last updated: Sat 4 Apr 2015, 9:20 PM

The Al Islami Home Refinance option is a Shariah-compliant product that provides another financing option to existing property owners in the UAE.

The refinancing product is available to all individuals who own freehold property that may or may not have an existing mortgage. DIB offers highly competitive rates, and finance of up to 85 per cent of the value of the property for a financing tenure of up to 25 years. This facility is also available for property that is yet to be delivered.

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