Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
FAB - Islamic Personal Finance FAB - Islamic Personal Finance Minimum Salary: AED 10,000 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 4 Years Flat Rate: 2.64% Reducing Rate: 4.99%
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For UAE Nationals

  • Profit rate as low as 2.64%* flat rate equivalent to reducing rate of 4.99%* per year
  • Finance up to AED 5 million

For Expats

  • Profit rate as low as 2.64%* flat rate equivalent to reducing rate of 4.99%* per year
  • Finance up to AED 2 million
  • 90-day grace period until your first payment
  • Finance amounts of up to AED 2 million
  • Minimum documentation
  • Fast-track approvals
  • Comprehensive personal life Takaful coverage
Documents Required
  • Copy of a valid passport/resident visa/Emirates ID (originals must also be presented)
  • Bank statements for the last three months showing salary credits (if salary is not credited to a FAB account)
  • Salary transfer letter/salary certificate addressed to FAB
  • Liability letter or a clearance letter (in case of liability settlement)
  • Application completed and signed by the customer
  • Employed in a governmental, semi-governmental or reputable private organisation
  • Applicant must be 21 years of age or above
  • A minimum salary of AED 10,000
Additional Information
Terms and conditions apply.
Features and benefits are subject to alteration/cancellation.
All finances are subject to income and eligibility criteria.
Eligibility criteria is subject to change from time to time.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
CBD Absher Personal Finance
Minimum Salary
AED 8000
Flat Rate