Terms and Conditions

1. In addition to the existing general conditions governing the bank accounts with the Bank, and which are inclusive in these terms to the extent that they do not conflict with it. In the event of any discrepancy or conflict, these terms and conditions shall prevail. These terms and conditions govern all Al Islamic Salary-in-Advance transactions at Dubai Islamic Bank (“the Bank”).
2. The Bank offers Al Islami Salary-in-Advance Facility (“Facility”) to eligible individuals only, who are the individual customers (Customer) whose salaries are transferred to the Bank from any employer acceptable to the Bank. Granting the Facility is subject to the Bank’s terms and conditions and approval. Eligibility criteria shall be set by the Bank which shall be deemed final
3. The customer commits to maintain the transfer of his salary to the Bank, and undertakes not to transfer it to any other bank or financial institution without written approval from the Bank.
4. The Customer irrevocably confirms and agrees that this Facility is being offered to him because of his/her employment with his/her current employer. During the duration of this Facility, if  the Customer changes his job and/or is employed with  a different employer and/or is no longer employed as a salaried individual, the customer is obliged to inform the bank in case of change of employer, and the Bank has the right to ask the Customer for additional documents as per Bank’s policy and settle the outstanding Facility amount from his/her end of service benefits which the Bank may  receive  from his/her  previous employer
5. The full Facility amount will be recovered on receiving Customer’s salary in the customers account with the Bank provided that it does not exceed the last day of the next month or the first date of the month that follows.
6. The Bank will charge a documentation and due diligence fee (as notified / displayed at its branches / Schedule of Charges / the DIB website) without considering the amount withdrawn or tenure of offering the Facility. The Customer authorizes the Bank to debit all the outstanding amount against the Facility and acknowledges that the amount withdrawn, and the documentation and due diligence fee to be debited from his Current account or any of his other accounts held with the Bank including but not limited to Current and Savings maintained in any currency without referring to the Customer for his/her approval.
7. This Facility is available for one time only. And if the Customer wishes to avail the Facility for more than one time he/she should apply each time separately.
8. The Bank will grant the Customer the Facility for an amount not exceeding his net salary, i.e. salary after paying off other obligations from the salary amount credited to his account with the Bank subject to maximum limit not exceeding the amount as notified / displayed at the time of applying through the relevant channel. In case of any negative variance, i.e. reduction/ deduction of salary amount credited to the Customer’s account in any month subsequent to date of Facility approval, the Bank can reduce the Facility amount or drop the Facility limit as its option without prior notice to the Customer.
9. The currency of the Facility is UAE Dirham, thus requesting the Facility on any other currency cannot be accepted although the Bank may deduct all its rights and outstanding related to the Facility account, from any of the customer(s) accounts (Current/ Savings) in any foreign currency, provided that this amount is exchanged into UAE Dirhams at the prevailing rate at the time of withdrawal.
10. The Bank reserves the right to amend or alter any of these Terms and Conditions including the mentioned fee charges at any time and such amended terms shall be displayed on the Schedule of Charges /  Bank’s website constitute sufficient notice to the Customer and shall take effect from the date of such notification. In the event of any dispute, the decision of the Bank shall be final and conclusive.
11. The Bank has the right to request any other guarantee in addition to the Customer’s transferred salary to the Bank, for granting the Facility to cover the Facility account. The Customer is bound to present the guarantee to the Bank any time even after granting him the Facility.
12. The Bank’s postponement, delay, or offering the Customer time to settle or reconcile his currency account is not considered in any way a waiver of the Bank’s rights to start any legal procedure against the Customer. It is neither considered a waiver of its rights for the benefit of the Customer. The Customer is responsible for paying all actual legal expenses and fees incurred in recovering the due amount, which the Bank incurs as a result of the Customer’s breach in settling the outstanding amount of the Facility.
13. The signature of the Customer on the Facility form and these terms and conditions (Physical/Online), is an acknowledgement that he has reviewed, read and understood these conditions and its contents and accepted the same and understood and confirm that bank has the right to make required amendments thereto.
14. These terms and conditions shall be governed by and subject to the laws of United Arab Emirates and regulations of the United Arab Emirates Central Bank, to the extend these laws do not conflict with the principles of Sharia as set out in the AAOIFI Sharia Standards and as interpreted and determined by the Internal Sharia Supervision Committee (ISSC) of the Bank, in which case the latter shall prevail. The competent court of UAE shall have the exclusive jurisdiction to hear any dispute arising out of or in connection to these terms and conditions.
15. In case of inconsistency between the two texts Arabic & English, the Arabic text shall prevail to the extent that such conflict is redeemed.
16. For avoidance of doubt, in the event of default in the payment of due and payable amount in relation to the Facility, the Bank shall have the ultimate right at its sole discretion to appoint and authorize collection agents (inside the UAE or abroad) to collect from the Customer the said outstanding amounts due to the Bank. The Customer irrevocably and unconditionally authorizes the Bank to provide such collection agents with any necessary information or documents related to the Customer’s Facility or any other bank account(s) held with the Bank.
17. The Customer authorizes, confirms and agrees that the Bank (which, for the avoidance of doubt means Dubai Islamic Bank PJSC, its local or foreign branches, subsidiaries, affiliates, representative offices, it’s or their agents and any third parties selected by any of them or by Dubai Islamic bank) has been permitted   to obtain and verify any information in connection with the Facility from anyone /entity the Bank may consider appropriate (such local or international authority, credit reference agency or any other person/entity which maintains such information) and/or give any such information to any local or international authority, service provider or other person or entity for the purposes of providing any product or services to the Customer in connection with this Facility (including data processing).
18. I/We (the applicant) irrevocably and unconditionally authorize the bank to assign my/our account to any of its authorized collection agents situated either locally or internationally to follow up and recover the due and outstanding amounts (inclusive of profit, fees and any other associated charges) along with filing of legal proceedings either inside or outside the country.
19. I/We (the Applicant) irrevocably and unconditionally also authorize the Bank to provide such collection agents with any necessary financial information about my/our account including confidential documents related to my/our (Applicant’s) financing facility or any bank account(s) held with the Bank.
20. I/We (the applicant) do hereby authorize the Bank and or its authorized collections agents situated locally or internationally to visit my premises (place of employment or home) for follow up against the overdue and outstanding amount against the credit / financing facilities availed from the Bank.

Warnings / Legal Consequences

1. If you do not meet the repayments/payments on your financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.
2. Salary In Advance is a one-month facility to be paid in full one month from the availing date.
3. You can only apply for up to 90% of your net salary after paying monthly obligations.
4. Non-compliance with the Bank's T&Cs can lead to withdrawal/termination of the service.