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

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23 January 2019

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09 December 2018

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Murabaha on Lands

What is Murabaha on land?

Terms Of Financing

Documentation