The pioneer of Islamic banking, Dubai Islamic Bank (DIB), was founded in 1975 and has experienced incredible growth. It offers innovative solutions to meet the diverse needs of businesses. DIB's business loans present a compelling option for entrepreneurs seeking financial support and adhering to Islamic principles. Aspiring entrepreneurs can conveniently explore DIB's bank loan options through its user-friendly online platform. The process of securing a business loan from Dubai Islamic Bank is simplified, and interested individuals can initiate the journey by opening a DIB online account. This digital approach ensures a seamless experience, allowing entrepreneurs to efficiently manage their finances while accessing tailored financial solutions.
DIB's commitment to ethical banking, combined with its comprehensive suite of services, positions it as a trusted partner for businesses aiming to thrive in the dynamic economic landscape of Dubai and beyond.
The characteristics of a bank loan from Dubai Islamic Bank include:
Up to AED 2 million in financing
Competitive Rates of Return: 17%–24%
Salam Finance-based financing
Tenure options from 6 to 36 months
AED 1 million is the minimum annual turnover
Loan Amount Minimum: AED 50,000
Competitive price that adheres to the principles of Sukuk Murabaha.
Some special and unique features of business loan Dubai Islamic Bank are:
For the company to be qualified for this financing, its annual sales turnover must be at least AED 1 million.
It is not necessary to have a bank account to apply for business financing.
The annual flat rate might range from 17% to 24%, contingent on the nature of the corporation.
For the company to be eligible for financing, it must be at least a year old.
Copy of national ID or passport and UAE residence visa (if appropriate, all signing authority)
Legal constitutive papers (all relevant documents, including the trade license, commercial registration certificate, free zone, incorporation certificate, memorandum of association, and partnership agreement)
Statements of active bank accounts
Note: If extra documentation is required, the bank may request it. To learn more, get in touch with the closest branch.
The profit rate for tenors up to 6 months is 16% annually for new bank clients and 15% for current ones.
The profit rate for tenancy ranging from 7 to 12 months is 17% annually for new customers and 16% for current ones.
The profit rate for tenure ranging from 13 to 18 months is 19% annually for new bank customers and 18% for current ones.
The profit rate for tenors ranging from 19 to 36 months is 21% annually for new bank clients and 20% for current ones.
The finance amount is huge.
The bank offers a long and flexible payback time.
A committed relationship manager helps you at every step of the way.
The process of documentation is straightforward.
Connect with Dhanguard for an efficient journey towards securing a business loan from Dubai Islamic Bank (DIB). Our dedicated team specializes in guiding you through the process of getting a bank loan from DIB, ensuring a hassle-free experience. Whether you are a seasoned entrepreneur or a budding business owner, we understand the significance of financial support for your ventures. With our expertise, we assist you in sailing the norms of the business loan application process at Dubai Islamic Bank. From initiating the DIB online account opening to illuminating the norms of how to get a loan from Dubai Islamic Bank, we stand by you at every step. Trust Dhanguard to be your reliable partner in realizing your business aspirations through the financial support provided by Dubai Islamic Bank.
