Real Estate Murabaha On Lands | Real-Estate

Search DIB

First-class

Land Mortgage Options
Simple

Documentation
Bank-Borne Risk

Ownership

Request Callback Find a branch

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.

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

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

27 September 2022

Going Green with EVolve – DIB’s Sustainable Auto Finance

20 September 2022

Dubai Islamic Bank Attracts Young Emirati Talent at Ru’ya, Careers UAE Redefined

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”

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

Your Name *

Mobile Number *

Murabaha on Lands

What is Murabaha on land?

Documentation

Terms Of Financing