Al Islami Dealer Finance
Put your business in top gear
With an increasing population and more people on the move, automotive dealerships require higher inventories to meet market demands. As the leader in auto financing, Dubai Islamic Bank is well-placed to understand the special needs of the automotive industry. Al Islami Dealer Finance is a new product specially created to enable automotive dealers to respond faster to market demands and maintain inventory.
Unique features:
- Higher financing limits
- Low processing fees
- Fast and easy documentation
- Large number of vehicle brands covered
- Short-term Murabaha from 3 months to 6 months
- Available to all new and used car dealers in Dubai, Abu Dhabi and Sharjah
Documentary Requirements:*
- 6 months’ Bank Statements
- Passport/Khulasat al Khaid copy
- Valid Visa (Expatriate customers)
- Quotation for vehicles being purchased
- Trade License (in case of Companies/Partnerships/Sole Proprietors)
- Memorandum of Association in case of Companies
- Partnership Agreement in case of Partnerships
- Notarised POA (where applicable for Self-employed)
- Audited Balance Sheet, if finance is above AED 750,000/-
- Standing instructions/Monthly installment cheques
*Term & Condition Apply