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Personal Finances Settlement Of Liabilities


Finance to consolidate liabilities

Commodity Murabaha (Tawarruq) lets you consildate and settle your liabilities with other UAE banks.

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


  • 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 financing may take longer to pay off than your previous financing and may result in paying more profit.
Shariah Contract

Under Murabaha the seller (in this case Al Hilal Bank) discloses the true cost incurred in acquiring the Commodity, then sells it to the buyer (in this case an Al Hilal Bank customer) for an agreed profit.

The buyer ( the Al Hilal Bank customer), after purchasing the Commodity from Al Hilal Bank, sells it to a third party purchaser through Al Hilal Bank as his/her messenger. The sale proceeds are credited to the customer's account and then, acting on his / her instruction to do so, Al Hilal Bank will arrange final settlement of the liability

Eligibility & Required Documentation

  • Minimum salary requirement of AED 5,000
  • A valid passport
  • Residence visa page (as applicable)
  • Latest 6 months’ bank statements
  • Liability letter(s) from the other 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

Personal Finance
Click on the text box to enter your desired value. AED
AED 5,000 AED 2,000,000
Months Click on the text box to enter your desired value.
12 48
Monthly Installment
AED 423.47
Profit Rate: 3% p.a.
Terms and conditions apply
Profit rate vary by tenor & subject to bank policy
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