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Dubai Islamic Bank is not responsible if customers do not comply with the above guidelines

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Term Financing for Fixed Assets

Details of Product Shirkat Ul Melk Cum Ijarah – (New / Old assets) – It is a combination of two contracts  namely Musharaka and Ijarah. As per this product, the Bank and the customer form a Musharaka to purchase the asset. After this the bank leases its share to the customer for a pre-specified term through Ijara Agreement.
Targeted Sector All sector
Type of SMEs All Business concerns
Amount No Limits (Varies from case to case), within SME approved criteria
Product Specification Collateral based
Repayment Mode Monthly, Quarterly, Half yearly rental payments
Collateral Requirement Cash, Charge, Pledge, Hypo, Collateral
Pricing Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer)
Documents Varies from case to case – Visit our nearest designated branch for facilitation.
Designated Branches All Branches  (Designated branch list attached)
Details of Product Diminishing Musharaka – (New / Old assets) – the financier and the client participate either in joint ownership of a property, equipment, or in a join commercial enterprise. The share of the financier will be divided into a number or units and client will purchase these units one by one until becomes the sole owner of the property.
Targeted Sector All sector
Type of SMEs All Business concerns
Amount No Limits (Varies from case to case), within SME approved criteria
Product Specification Collateral based
Repayment Mode Monthly, Quarterly, Half yearly rental payments
Collateral Requirement Cash, Charge, Pledge, Hypo, Collateral
Pricing Varies from case to case – Relevant KIBOR + Agreed Basis Points (with customer)
Documents Varies from case to case – Visit our nearest designated branch for facilitation.
Designated Branches All Branches  (Designated branch list attached)

Disclaimer

Facility approval is subject to terms and conditions based on Bank’s risk assessment of application.