Murabaha

Ajman Bank Personal Finance allows you access to cash through Commodity Murabaha. This product is based on the Islamic financing structure of Murabaha, a commercial transaction which involves the buy and sale of goods that has been promised to be purchased by an ultimate buyer with an added profit margin. The added profit margin could be mentioned in the form of a fixed lump sum or a percentage of the Price of the Goods.

Standard Personal Finance / Settlement of Debts

Features

  • Up to AED 3,000,000 finance for UAE Nationals
  • Up to AED 1,000,000 finance for Expatriates
  • Minimum Salary of AED 6,500 for Expatriates & AED 8,000 for UAE Nationals
  • Repayment tenor of up to 4 years
  • Simple documentation
  • Quick processing
  • Pre-Approved Credit Card with lifestyle benefits

Documents

  • Application Form
  • Copy of Passport (with Residence visa for expatriates)
  • Emirates ID Card Copy
  • Salary Certificate / Salary Transfer Letter from the employer
  • 3 / 6 months bank statement 

Terms & Conditions apply.

Takeover Finance – UAE Nationals Only

Ajman Bank Personal Finance offers consolidation of debts for UAE Nationals i.e. takeover all customer liabilities (except home finance) from other banks & financial institutions to enjoy the lower installment and high liquidity. The facility is offered through Commodity Murabaha which is based on the Islamic financing structure of Murabaha,

Features

  • Up to AED 4,500,000 finance for UAE Nationals
  • Minimum Salary of AED 20,000
  • Repayment tenor of up to 25 years
  • Simple documentation
  • Quick processing

Documents

  • Application Form
  • Copy of Passport (with Residence visa for expatriates)
  • Emirates ID Card Copy
  • Salary Certificate / Salary Transfer Letter from the employer
  • 6 months bank statement
  • Liability Letter from existing bank 

Terms & Conditions apply.

Please call 800-22 for more details.

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We are delighted to assist you in all your financials needs.

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