Johara Personal Finance: You Plan. Well Pay!*
As a Johara customer you are specially entitled to Al Islami Personal Finance scheme to meet all your financial needs in a Sharia-compliant manner.
Al Islami Personal Finance, empowers you to purchase and acquire a variety of goods and services from us at the most competitive profit rates available in the market.
The product structure is based on Islamic financing principles of Ijarah (for services) and Murabaha (for goods), under which the bank will purchase the goods and acquire the services from vendors for onward sale to you on easy and affordable payment installments at most competitive prices.
*Bank will pay the service/goods provider
Services offered under Al Islami Personal Finance:
House Rent In Advance
Medical Treatment
Education And Training
Travel Services (Tickets And Travel Packages, Haj And Umrah)
Event Services (Marriages And Other Functions)
Hiring of Professional Service
Good Supported by Al Islami Personal Finance:
Furniture
Electronics
Boats
Personal Computers
Building Materials
Supplying And Installation
Machinery
Mortgage Free Automobiles
Equipment And Tools
Motorcycles & Jet skies
Conditions:
Salary Transferred To Customers Dubai Islamic Bank Account
Post-Dated Cheques For The Individuals Whose Salary Is Routed To Another Bank
Self Employed Professionals/Businesswomen
Al Islami Personal Finance is offered against:
Salary transferred to customers Dubai Islamic Bank account, post-dated cheques for the individuals whose salary is routed to another bank or having a Cash Salary and self employed professionals/businessmen
Eligibility for Al Islami Personal Finance:
Age: Min. 21 Years
Salary: Min. AED 4,000 (For Salaried Individuals)
Income: Min. Average Credit Turnover of AED 15,000/Month In Account (For Self Employed Professionals/ Businessmen).
Length of Service: None (for DIB Approved Company Salaried individuals upon submission of
proper Salary Transfer Letter) *
Length Of Business Min. 1 Year
Documentation Requirement:
1. Quotation for the Required Services/Goods Addressed To Dubai Islamic Bank
2. Copy of Passport (With Residence Visa For Expatriates)
3. Salary & End of Service Benefit Transfer Letter/Certificate from the Employer
4. Statement Of Account For Minimum 3 Months for Salary Transfer to other Bank (6 Months For Self Employed Professionals/ Businessmen)
5.Copy Of Valid Trade License (For Self Employed Professionals/Businessmen)
6. Security Cheque equivalent to total Murabaha amount.
7. For all Rent Ijarah Service, Proof of ownership of the premises financed or proof of right to manage premises.