Emirates Islamic Bank was founded in 2004 to provide top-notch banking services. The bank wants to offer services that meet Shariah principles' criteria. It provides a huge selection of goods intended only for private consumers, small enterprises, and multinational organizations. A leading financial institution committed to providing innovative solutions offers a comprehensive suite of services developed to meet the unique needs of businesses through its Emirates Islamic Business Banking division. One standout product in their portfolio is the Emirates Islamic Business Loan, designed to empower entrepreneurs and enterprises. This specialized loan caters to diverse business requirements, providing flexible financing solutions with competitive rates. Beyond just lending, Emirates Islamic Business Banking extends support by facilitating seamless account opening processes for business customers.
With a commitment to Sharia-compliant principles, Emirates Islamic Bank is a trusted partner, ensuring that businesses not only access the necessary financial resources but also benefit from a holistic approach to their banking needs. Whether you are a startup or an established entity, the Emirates Islamic Business Loan is a testament to the bank's dedication to fostering the growth and success of businesses across diverse sectors.
Products from Ijarah and Murabaha
They are designed to offer options for Up to AED 3 million in unsecured/partially secured working capital and fixed asset financing or up to AED 5 million in fully secured funding.
Trade finance products include all kinds of letters of guarantee, cash LCs, sight/time LCs, and LC Murabaha financing.
Initial public offering (IPO) finance for heavy trucks, buses, and fleet vehicles (on a selected basis)
Individuals in the Emirates who earn AED 3,000 per month or less are ineligible for a loan. Those who make AED 5,000 or more a month in the Emirates are eligible for a l loan.
The documents required to get a business loan from Emirates Islamic Bank or any other financial institution can vary depending on the type of business loan, the amount of the loan, and the nature of your business. However, here is a general list of documents that banks typically require for a business loan application:
Personal Identification: Copies of valid passports, Emirates ID, and other government-issued identification for all business owners/partners/directors.
Trade License: A copy of the trade license for your business.
Memorandum of Association (MOA) and Articles of Association (AOA): These documents detail your company's structure and its members' roles and responsibilities.
Financial Statements: Recent audited financial statements, including the balance sheet, income statement, and cash flow statement. You may need to provide financial projections if your business is a startup.
Bank Statements: Recent bank statements for your business accounts.
Collateral Documents: If you provide collateral for the loan, documents related to the collateral may be required.
Credit Report: A personal and business credit report may be used to assess creditworthiness.
It's important to note that this is a general list, and the specific requirements may vary. Consider consulting with Dhanguard to ensure you have all the necessary documentation.
Here are some advantages of Emirates Islamic business banking:
The amount of money financed is high.
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 and easy.
Make opening an Emirates Islamic business account opening with Dhanguard! Our experts are here to help you through the process smoothly. We offer secure and user-friendly banking solutions, giving you the tools to manage your business finances effortlessly. Let us use our knowledge to simplify the Emirates Islamic loan process for you. Our professionals will guide you through every step, ensuring you get the financial support your business needs without hassle.
Trust Dhanguard to make business banking simple and help your business thrive!
