Dubai Islamic Bank (DIB)
World's first full-service Islamic bank, established 1975. Largest Islamic mortgage book in the UAE. Sharia-compliant Ijara and Murabaha financing structures.
Dubai Islamic Bank is the original Islamic bank globally and the dominant Islamic mortgage provider in the UAE. Mortgages here are structured as Ijara (lease-to-own) or Murabaha (cost-plus financing) rather than interest-bearing loans, but the practical economics — monthly payment, term, LTV — are similar. Many non-Muslim buyers also choose DIB for the Sharia structure or because pricing is occasionally more competitive than conventional banks.
Dubai Islamic Bank (DIB) mortgage rates
| Bank | Product | Type | Rate | Max LTV | Min salary | Effective |
|---|---|---|---|---|---|---|
| Dubai Islamic Bank (DIB)Islamic | Home Finance — Ijara, 5-year fixed profit | Fixed 5y | 4.39% | 80% | AED 15K | — |
| Dubai Islamic Bank (DIB)Islamic | Home Finance — Variable | Variable · EIBOR + 1.30% | 5.15% | 80% | AED 15K | — |
| Dubai Islamic Bank (DIB)Islamic | UAE National Home Finance | Fixed 5y | 3.99% | 85% | AED 12K | — |
Source: Dubai Islamic Bank (DIB) published rates page. Refreshed daily by our ingest worker. Always verify with the bank before relying on a rate. View original page →
FAQs — Dubai Islamic Bank (DIB) mortgages
How is an Islamic mortgage different from a conventional one?
Structurally, Ijara is a lease-to-own arrangement and Murabaha is a cost-plus sale. Practically, monthly payments, term and LTV behave the same. The 'rate' is called a 'profit rate'. Tax and ownership transfer mechanics are slightly different but DLD handles both seamlessly.
Can non-Muslims take an Islamic mortgage?
Yes. Islamic banks lend to all customers. Many expat residents choose DIB or other Islamic providers when their pricing is competitive, regardless of religion.
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