loader-img
overlay-circle
Branches & ATMs Contact Us
chat-avatar
Fatima from DIB
Just now

Looks like you may be taking time to decide. May I help you with something?

Reply > No Thanks

Murabaha on Lands

  • First-class
    Land Mortgage Options
  • Simple
    Documentation
  • Bank-Borne Risk
    Ownership
Request Callback Find a branch

Murabaha Financing (on land)

what-is-muabaha-on-land-520x520

A long-term benefit-backed plan to help you purchase the land your business needs today. 

 
 
what-is-muabaha-on-land-390x220

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.

Show More

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:

  1. Valid passport copy
  2. Completed finance application form
  3. Site plan copy
  4. Title deed copy

Primary Documents for Companies:

  1. Valid trade license copy
  2. Commercial Registry copy
  3. Partnership agreement copy (in case of partnerships)
  4. Valid passport copies of partners (in case of partnerships)
  5. Valid passport copy of authorized personnel and copy of Articles of Association defining their powers
  6. Site plan copy
  7. Title deed copy
  8. Last 3 years’ financials

Show More

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

Show More
27 April 2022

Dubai Islamic Bank 1st Quarter 2022 Group Financial Results

02 March 2022

DIB Gets Students #Readyfortomorrow

02 March 2022

Dubai Islamic Bank Shareholders Approve 25% Dividend for 2021

09 February 2022

Dubai Islamic Bank successfully prices USD 750 million Senior Sukuk

01 February 2022

Dubai Islamic Bank joins Etisalat Digital’s Blockchain platform “UAE Trade Connect”

26 January 2022

Dubai Islamic Bank Full Year 2021 Group Financial Results

21 December 2021

Goodbye ‘Fintech’, Hello ‘FUNTECH’, A NEW BRAND rabbit HOPS INTO THE UAE

12 December 2021

Dubai Islamic Bank to offer DIB Trade Club membership and access to the Trade Club Alliance to Corporate and SME customers

09 December 2021

Madinat Badr Masjid opens for prayers in the heart of Muhaisnah

05 December 2021

Dubai Islamic Bank selects 50 UAE nationals for career progression as it celebrates the 50th anniversary of the UAE

26 October 2021

Dubai Islamic Bank Nine Months 2021 Group Financial Results

11 October 2021

Emiratisation: Dubai Islamic Bank proud to be creating a new generation of leaders

05 August 2021

DIB increases Foreign Ownership to 40%

28 July 2021

Dubai Islamic Bank First Half 2021 Group Financial Results

16 June 2021

Dubai Islamic Bank successfully closes lowest priced USD 1 billion Senior Sukuk

28 April 2021

Dubai Islamic Bank 1st Quarter 2021 Group Financial Results

14 April 2021

Dubai Islamic Bank successfully closes lowest-ever pricing on an AT1 issuance from the GCC

17 March 2021

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

16 February 2021

Dubai Islamic Bank Full Year 2020 Group Financial Results

09 January 2021

Dubai Islamic Bank is Ready For The New

Thank You