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Murabaha on Lands

  • First-class
    Land Mortgage Options
  • Simple
    Documentation
  • Bank-Borne Risk
    Ownership
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Murabaha Financing (on land)

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

 
 
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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.

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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

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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

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Dubai Islamic Bank Full Year 2022 Group Financial Results

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22 November 2022

Dubai Islamic Bank successfully prices USD 750 million inaugural Sustainable Sukuk

21 November 2022

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18 November 2022

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25 October 2022

Dubai Islamic Bank Nine Months 2022 Group Financial Results

21 October 2022

Dubai Islamic Bank publishes its Sustainable Finance Framework

15 October 2022

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11 October 2022

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27 September 2022

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20 September 2022

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08 September 2022

DIB Recognizes Top Players in the Automobile Industry

27 July 2022

Dubai Islamic Bank 1st Half 2022 Group Financial Results

06 July 2022

DIB’s collaboration with Dubai Can – another step towards a greener world

29 June 2022

DIB becomes first Islamic bank to join ‘Buna’ The Middle East’s new clearing and settlement payment platform

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”

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