Are there Issues Getting a Mortgage when you are Self Employed in the UAE?

30Jan, 22

Are there Issues Getting a Mortgage when you are Self Employed in the UAE?

Maintaining a retail store necessitates a variety of administrative, management, and marketing skills. These skills are required for your store to run smoothly, from ensuring that there is enough inventory to compile monthly sales reports.

An effective point of sale (POS) system can go a long way toward ensuring that all of your operations run smoothly. However, retailers who invest the time and resources to implement these systems before they need to avail the benefits.

In this Article, you will learn about POS Machines Offered by Banks.

What is a Point of Sale(POS) Machine?

A POS machine is also known as a point of purchase. It is a device used to complete a retail transaction. The POS machine computes the amount owed by the customer, displays the amount payable, and generates the invoice for the customer. The invoice generated by the Point of sale machine is an indication for making the payment. Payment is made with the customer's debit or credit card

The customer must enter their Personal Identification Number(PIN)  to complete the transaction. The merchant will issue a receipt for the successful completion of the transaction once payment is received. The receipt is usually printed, but it can also be in electronic format.

Overview on Point of Sale Machines Offered by different Banks

We will discuss the features of point of sale machines offered by some UAE banks.

Mashreq Bank Point of Sale Terminal

POS Machines are available from Mashreq Bank. With cards becoming increasingly common in people's lives, it's critical to have a quick, secure, convenient, and adaptable point of sale terminal. Mashreq provides the most recent technology in Point of Sale terminals to ensure seamless services. This improves the customer experience and sales by offering various add-on services, such as easy payment plans and salaam redemptions. 

The Mashreq bank's point of sale terminals are shown below.

Dial-up point of sale Terminals

This point of sale terminal is linked to a dial-up connection, and it provides quick processing in a secure environment.

Point of sale GPRS Terminals

GPRS terminals offer wireless service, allowing businesses to provide their customers with a convenient way to make payments. It offers a versatile payment method that can be used in any location. It provides geographical access to point-of-sale terminals. The point of sale terminals from Mashreq are the most advanced encrypted. With the chip and pin facility, the security systems are high and encrypted. Mashreq ensures the highest level of security for both customers and merchants.

  • Mashreq POS terminals operate on a PSTN/GPRS line.

  • It is simple to set up and use for transaction approvals.

  • It meets environmental requirements by providing wireless connectivity via GPRS, WiFi, Bluetooth, or 3G.

  • It is compatible with contactless payments.

  • It operates in accordance with end-to-end encryption.

  • It is PCI PED 2.0 and PCI PTS 3.0 compliant.

  • VISA, MasterCard, China, Union Pay, American Express, JCB (Japan Credit Bureau), and Diners are all accepted at Mashreq's point of sale terminals.

ADIB Point of sale Terminal

In their business outlets, ADIB provides POS machines that accept card payments. ADIB also offers ADIB POS Finance to business owners. Business owners must have ADIB business merchant accounts. ADIB provides merchants with low-interest financing against point-of-sale receivables. ADIB is the first Islamic bank to offer merchants a POS machine, a current account, and business finance all in one package. Any company that uses ADIB point of sale machines and accepts payments through the ADIB merchant account must open an ADIB merchant account.

ADIB Point of Sale Finance

The ADIB Business Merchant Account enables merchants to obtain financing for point-of-sale machines. The merchants listed below are eligible to apply for Point of Sale financing.

  • Businesses that are registered in the UAE and have been in operation for at least a year.

  • The annual sales turnover ranges from AED 1 million to AED 100 million.

  • Shari'a Compliant Manufacturing/Trading or Service Entities

  • Merchants who accept payments through POS machines

  • Transferring POS receivables to an ADIB Merchant account

ADCB point of sale Terminal

ADCB offers a convenient and secure in-store point of sale payment platform for both merchants and customers. ADCB provides POS machine guidelines to merchants. It gives merchants point of sale training manuals. The ADCB point of sale terminal includes the following features.

  • Point-of-sale terminals with 3G and 4G speeds.

  • The most effective transaction approval systems.

  • Contactless or NFC solutions

  • High encryption combined with security and compliance.

  • It accepts MasterCard, Visa, Maestro, Union Pay International, American Express, Diners Club, and JCB (Japan Credit Bureau) payment cards.

  • It supports Dynamic Currency Conversion, allowing users to pay in their preferred currency.

Read More :-How to get a Business Loan in Dubai

RAK Bank Point of Sale Terminal

RAK Bank provides a one-of-a-kind point-of-sale terminal device. It serves as a cash register as well as an electronic point of sale terminal. It has the capability of connecting to your business bank account. Point-of-sale devices are inexpensive, convenient, small, lightweight, and portable.

Points of sale for RAK Bank Finance

RAK Bank also offers point-of-sale financing. RAK Bank offers finance against point of sale receivables to retail business owners looking to increase their working capital and expand their business. 

  • Retailers can qualify for larger business loans with repayment terms of up to 60 months.

  • Competitive interest rates with no collateral required.

  • Other POS service providers' POS receivables can also be assigned.


The point of sale terminal replaces cash by processing credit cards, debit cards, and PIN numbers. It is more convenient and easier to do business because there are no fees charged to end customers for making payments through Point of Sale machines. If you are a merchant in need of a POS machine, you can request one from the bank with which you have an account. The bank will provide you with a point of sale machine for your business.