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It's time you drove your car with pleasure and peace of mind!

Dubai Islamic Auto Finance offers a world class auto finance facility that enables you to get a car quickly, conveniently and in a fully Sharia compliant manner. Using Musharaka cum Ijara model to finance your car, steer yourself towards peace of mind and fulfillment of your desire.

Fatwa

Features

Tracker Device & Monitoring

 

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Lowest Insurance/Takaful Rates

Guaranteed Lowest Insurance/Takaful rates compared to any other Bank.

Payment Advance Booking Cases

No monthly rental payments will be made by the customer before delivery of the car in Advance Booking cases.

Monthly Rental

Competitive and affordable monthly rentals as per industry standards.

Financing Amount

DIBPL will finance up to 85% of the car value.
Minimum financing: Rs.100,000
Maximum financing: Rs. 5,000,000

Islamic Product

We provide fast and hassle free processing of application through a Sharia compliant process.

Flexibility

New or Used Cars.

  • Local or Imported/Re-conditioned Cars.
  • Payment plan with tenure options ranging from 1-7 years.
  • Ready Delivery and Advance Booking.
  • Income clubbing option.
  • Up to 9 year old vehicle can be financed

Eligibility

Customer Class Minimum Age at the time of Application Maximum Age at the time of Finance Maturity
Salaried 21 Years 60 Years
Self Employed Professional 21 Years 65 Years
Self Employed Businessman 21 Years 65 Years

You are Eligible for Dubai Islamic Auto Finance if:

Your Monthly Net Income is Rs.25,000
You Have Been Working For
Salaried 3 Months
Self Employed Professional 6 Months
Self Employed Businessman 12 Months

Documents Required

  • Copy of primary applicant’s CNIC.
  • Copy of co-applicant’s CNIC (if applicable).
  • 2 passport size photographs.
  • Latest salary slip.
  • 6 months Bank statement (if applicable).
  • Bank certificate (if applicable).

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Note: By clicking “Submit”, you consent to us using your information above and contacting you via email and/or telephone for the purposes of completing this application.

FAQ’s

Which mode of financing is being used currently by Auto Finance?

Musharaka cum Ijarah model

When are the processing charges applied?

Processing Fee will be required to pay when the document/application is approved.

What is the current Pricing mechanism for Auto Finance?

It is an annually/semi-annually adjustable profit rate and would vary as per movement of benchmark

“KIBOR”. The Pricing is revised after every six (06) or twelve months (12) from the date of contract

booking depending upon your chosen renewal option, which can change the rental amount.

What is the minimum and maximum financing limit available for Auto Finance?

Rs 100K –Rs  5 million

Which of the following type of Car can be financed for Auto Finance?

  • New,
  • Used,
  • Imported/Reconditioned  Cars

Who can apply for Auto Finance facility?

  • Salaried individual,
  • Self Employed Professional (SEP),
  • Self Employed Businessman (SEB)

What is the minimum and maximum Age Criteria for Auto Finance?

  • 21-65   years-SEB/SEP
  • 21-60     years -Salaried

Minimum Income Criteria for Auto Finance is

Minimum net income required is  Rs 25,000/-

What is the relationship of customer and DIBPL during the financing?

Customer and DIBPL become Partners

What is the Minimum Customer’s contribution is required of Car price?

15% of the car price is the minimum customer’s contribution required.

What is the Maximum financing tenure?

7 years is the maximum financing tenure available.

What is the maximum age of vehicle that can be financed?

Up to 9 year old vehicle can be financed.

What is the maximum age of vehicle that can be financed?

Up to 9 year old vehicle can be financed.

Contact

For more details, visit our nearest Sales & Service Centre or Branch or contact at 111-786-342 / email cmrcs@www.dibpak.com

DIBPL Sales Centers

  • Consumer Sales Office KHI-4th Floor, Karim Chambers CL5, 6/2 Civil Lines Karachi.
  • Consumer Sales Office LHR-Ground Floor, 10 K Main Boulevard Gulberg II Lahore.
  • Consumer Sales Office FSD- 1st Floor Millat Plaza, Satiana Road Faisalabad.
  • Consumer Sales Office RWP/ISD-Ground Floor-Plot no 67 A Satellite Town Muree Road Rehmanabad Rawalpindi.