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Murabaha Financing (on land)

A long-term benefit-backed plan to help you purchase the land your business needs today.

Murabaha Financing (on land)

A long-term benefit-backed plan to help you purchase the land your business needs today.

What is Murabaha on land?

The Murabaha on lands agreement allows customers to purchase land as per their specifications and needs, through the bank. The customer can then buy back the land from the bank for a deferred payment basis, for a fixed amount.

How it works:
Dubai Islamic Bank will obtain a security or a guarantee from the customer to ensure prompt and timely payment of the installments due as per the Murabaha terms. Note that from the time land is purchased till the time it is sold, it is in the name of the bank, who bears full risk as the owner during that period.

Terms Of Financing

Down Payment: Minimum 50% of the purchase price*
Transaction Period: Up to 5 years
Mode of Payment: Quarterly, semi-annual or annual terms are available

Source of Payment: Business cash flows, rentals from other properties
Profit Rate: Fixed throughout the financing period
Security: First class mortgage on the land, post-dated cheques covering installments

Documentation

With our team of skilled professionals, applying for Murabaha (on land) finance is simple and stress-free, with primary documents varying based on requirement. Note that requirements may be lowered in cases where additional security is provided.

Primary Documents for Individuals:

Valid passport copy
Completed finance application form
Site plan copy
Title deed copy

Primary Documents for Companies:

Valid trade license copy
Commercial Registry copy
Partnership agreement copy (in case of partnerships)
Valid passport copies of partners (in case of partnerships)
Valid passport copy of authorized personnel and copy of Articles of Association defining their powers
Site plan copy
Title deed copy
Last 3 years’ financials

09 December 2018

Dubai Islamic Bank triumphs at Islamic Business and Finance Awards 2018

25 November 2018

DIB Crowned World’s Strongest Islamic Retail Bank 2018

10 October 2018

Dubai Islamic Bank Group 9 Month Financial Results for the period ended September 30, 2018

26 September 2018

DIB's Double Your Salary Promotion Brings Joy To More Than 100 New Customers

30 July 2018

Dubai Islamic Bank celebrates next generation of leaders

22 July 2018

Dubai Islamic Bank & Emirates Skywards soar to new heights launching co-branded credit cards

18 July 2018

Dubai Islamic Bank Group 1st Half 2018 Financial Results

24 June 2018

DIB Champions Customer Happiness With 9th Double Your Salary Draw

18 June 2018

A Fresh New Look to the World’s Oldest Islamic Bank

11 June 2018

Investors Flock to DIB Capital Raising

27 May 2018

Dubai Islamic Bank receives two prestigious ISO certifications

15 May 2018

DIB stands out at Banker ME Industry Awards

01 May 2018

Dubai Islamic Bank honored by Dubai Service Excellence Scheme for the widest implementation of Happiness Meter

18 April 2018

Dubai Islamic Bank 1st Quarter 2018 Financial Results

25 March 2018

Dubai Islamic Bank’s ‘MyHome’ is set to change UAE home finance market

14 March 2018

Dubai Islamic Bank shines again with twelve distinctive accolades at Islamic Finance News Awards

13 March 2018

Dubai Islamic Bank participates in 18th Careers UAE Exhibition

04 March 2018

DIB wins ‘Best Sukuk House’ at EMEA Finance Middle East Banking Awards for Second Consecutive Year

22 February 2018

Dubai Islamic Bank hosts Annual General Meeting

19 February 2018

DED and DIB ‘Consumer Card’ recognized by Visa for successful card program

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Murabaha on Lands

What is Murabaha on land?

Terms Of Financing

Documentation