Personal Finances Service Finance

ADCB

Funding the cost of things you need

Whatever you need we can spread the cost of services and goods using the contract of Service Ijara.

2.90% From
Profit rates (flat p.a.) for UAE Nationals
3.40% Fom
Profit rates (flat p.a.) for expatriate customers

Warning

  • If you apply for early settlement, you may have to pay non waived profit or fees.
  • If you do not meet the payments on your finance, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
  • Rescheduling your personal finance may take longer to pay off the finance.
Ijara Shariah contracts

Service Ijara is used to cover costs where one person (such as a doctor, lawyer, teacher) is hired by another. It also applies to 'usufructs' and, therefore, the lease of physical assets such as land, building, machinery, equipment etc.

Features and Benefits

  • Shariah-compliant finance
  • A wide range of services and good supported:
    • Hajj and Umrah
    • Education and training
    • Home rent
    • Holiday package / air tickets
    • Any other legitimate goods

Shariah Contract

Ijara is a term of Islamic 'fiqh' which refers to "giving something on rent". The Ijara contract is applicable to 'usufructs' as well as services. Ijara of usufructs refers to the lease of physical assets such as land, building, machinery, equipment and so on. Service Ijara is used to employ services of a person for an applicable wage. Service Ijara may include all transactions where the services of a person (such as a doctor, lawyer, teacher or any other person who can render a valuable service) are hired by someone else.

Eligibility & Required Documentation

  • Minimum salary requirement of AED 5,000
  • A valid passport
  • Residence visa page (as applicable)
  • Latest 6 months’ bank statements
  • Quotation addressed to Al Hilal Bank
  • Any other additional documentation which may be required thereafter according to Al Hilal Bank policies and procedures

Eligibility & Required Documentation

  • Minimum salary requirement of AED 5,000
  • A valid passport
  • Residence visa page (as applicable)
  • Latest 6 months bank statements
  • Quotation addressed to Al Hilal Bank
  • Any other additional documentation which may be required thereafter according to the Al Hilal Bank policies and procedures

Shariah Certificate

Click here to view Shariah Certificate

A superior banking experience awaits you.

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