The discoverer of Islamic banking, Dubai Islamic Bank (DIB), was established in 1975 and has experienced remarkable growth. It offers innovative solutions to meet the various needs of organizations. DIB's business loans serve as an option for entrepreneurs looking for monetary help by adhering to Islamic standards. Aspiring entrepreneurs can conveniently explore DIB's bank loan options through its user-friendly online platform.
The process involved in obtaining business loans from Dubai Islamic Bank is simplified, and interested people can start the journey by opening a DIB online account. Because of the digital strategy's seamless implementation, entrepreneurs can effectively manage their finances while using personalized financial solutions.
Due to its extensive service offering and dedication to ethical banking, DIB is regarded as a reliable partner for companies looking to succeed in Dubai's and other regions' ever-changing economic climate.
Features of DIB Business Finance
A bank loan from Dubai Islamic Bank possesses the following features:
Up to AED 2 million in financing
Competitive Rates of Return: 17%–24%
Residency options from 6 to 36 Months
Salam Finance-based financing
AED 1 million is required yearly turnover
Minimum loan amount: AED 50,000
Competitive price that sticks to the principles of Sukuk Murabaha.
Special Characteristics
Some unique and special features of business loan Dubai Islamic Bank are:
For the organization to be eligible for this financing, the yearly sales turnover should be at least AED 1 million.
A bank account is not necessarily required to apply for business financing.
The yearly rate could go from 17% to 24%, depending upon the nature of the organization.
The company must be at least one year old to be eligible for the loan.
Required Documents for a Dubai Islamic Business Loan
Copy of passport and UAE residence visa (all signing authority)
Statements of active bank accounts
Legal constitutive papers (all relevant documents, including the trade license, commercial registration certificate, free zone incorporation certificate, memorandum of association)
Note: If additional documentation is required, the bank might demand it. To find out more, reach out to the nearest branch or get in touch with us.
Relevant Profit Rates
For tenors of up to six months, the profit rate is 16% annually for new bank clients and 15% annually for existing bank clients.
The profit rate for tenancy going from 7 months to a year is 17% annually for new clients and 16% for current ones.
The profit rate for residency going from 13 to 18 months is 19% annually for new bank clients and 18% for current ones.
The profit rate for tenors going from 19 months to three years is 21% annually for new bank clients and 20% for current ones.
Benefits
The finance amount is huge.
The bank offers a long and adaptable repayment time.
A committed relationship manager helps you at every step of the way.
The course of documentation is simple.
Contact us Today!
Connect with My banker for a productive journey towards getting a business loan from Dubai Islamic Bank (DIB). Our committed team spends significant time in directing you through the most common way of getting a bank loan from DIB, guaranteeing a problem free encounter. We are aware of the significance of financial support for your ventures, regardless of whether you are a seasoned entrepreneur or a new startup. With our skill, we help you in sailing through this process while adhering to the standards of the business loan application process at Dubai Islamic Bank. We are here for you throughout, from setting up your DIB online account to explaining the rules for getting a loan from Dubai Islamic Bank. My banker will be your solid partner in understanding your business goals through the financial support given by Dubai Islamic Bank.
