Real Estate Murabaha On Lands | Real-Estate

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Murabaha Financing (on land)

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

Murabaha Financing (on land)

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

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.

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

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:

Valid passport copy
Completed finance application form
Site plan copy
Title deed copy

Primary Documents for Companies:

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

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

14 November 2020

Dubai Islamic Bank successfully closes the lowest ever yielding AT1 Sukuk

02 November 2020

A new chapter unfolds in DIB’s rich history with the successful integration of Noor Bank

20 October 2020

Dubai Islamic Bank 3rd Quarter 2020 Group Financial Results

22 July 2020

Dubai Islamic Bank First Half 2020 Group Financial Results

10 June 2020

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk

29 April 2020

Dubai Islamic Bank 1st Quarter 2020 Group Financial Results

16 March 2020

Dubai Islamic Bank Shareholders Approve 35% Dividend as Net Profit Rises to AED 5.1 Billion

12 February 2020

Dubai Islamic Bank Full Year 2019 Group Financial Results

11 February 2020

Dubai Islamic Bank Participates in the 22nd National Career Exhibition

22 January 2020

DIB completes the acquisition of Noor Bank

18 December 2019

Shareholders of Dubai Islamic Bank approve acquisition of Noor Bank

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Murabaha on Lands

What is Murabaha on land?

Terms Of Financing

Documentation