Real Estate Murabaha On Lands | Real-Estate

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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

17 March 2021

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

16 February 2021

Dubai Islamic Bank Full Year 2020 Group Financial Results

09 January 2021

Dubai Islamic Bank is Ready For The New

14 November 2020

Dubai Islamic Bank successfully closes the lowest ever yielding AT1 Sukuk

02 November 2020

A new chapter unfolds in DIB’s rich history with the successful integration of Noor Bank

20 October 2020

Dubai Islamic Bank 3rd Quarter 2020 Group Financial Results

22 July 2020

Dubai Islamic Bank First Half 2020 Group Financial Results

10 June 2020

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk

29 April 2020

Dubai Islamic Bank 1st Quarter 2020 Group Financial Results

16 March 2020

Dubai Islamic Bank Shareholders Approve 35% Dividend as Net Profit Rises to AED 5.1 Billion

12 February 2020

Dubai Islamic Bank Full Year 2019 Group Financial Results

11 February 2020

Dubai Islamic Bank Participates in the 22nd National Career Exhibition

22 January 2020

DIB completes the acquisition of Noor Bank

18 December 2019

Shareholders of Dubai Islamic Bank approve acquisition of Noor Bank

27 November 2019

Dubai Islamic Bank Walks Home with Two Prestigious Accolades at Banker ME Industry Awards 2019

18 November 2019

Dubai Islamic Bank successfully closes landmark USD 750 million Sukuk

05 November 2019

Dubai Islamic Bank introduces “Banking in Minutes” as it enters the next decade as a Digitally Intelligent Bank

27 October 2019

Dubai Islamic Bank Shines at the Islamic Business and Finance Awards 2019

15 October 2019

Dubai Islamic Bank Group 3rd Quarter 2019 Financial Results

29 September 2019

Dubai Islamic Bank continues to Successfully Create Growth Opportunities for Emiratis

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Murabaha on Lands

What is Murabaha on land?

Terms Of Financing

Documentation