Personal Finances Settlement Of Liabilities

ADCB

Settle your liabilities with other banks for peace of mind

Al Hilal Bank helps you settle all your liabilities with other banks operating in UAE using the Islamic Financing mode of Commodity Murabaha (Tawarruq).

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

Murabaha is a Shariah compliant sale where the seller (in this case Al Hilal Bank) discloses the actual cost incurred in acquiring the commodities and then sells these commodities to the buyer (in this case Al Hilal Bank customer) for an agreed profit. The buyer is aware of the cost and profit charged. The customer, after purchasing the commodities from Al Hilal Bank, sells them 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 settles the liabilities with the conventional banks or their Islamic windows.

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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