Emirates Islamic (loans): verified facts and rating
Licensed since: 2004 Checked 2026-10-31
Score breakdown
82% backed by facts · How we rank
Emirates Islamic (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference86%114%86% · median 100%
Maximum amount, % of country reference50%125%100% · median 100%
Longest term48 mo48 mo48 mo · median 48 mo
Emirates Islamic (loans) strengths and weaknesses
Pros
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
Cons
- An arrangement fee can apply
- A charge can apply to early repayment
All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 2004 Launched in 2004, the bank was established to deliver the highest standards of banking services in line with the highest standards of Shari'a principles. (год основания) | emiratesislamic.ae | 2026-10-31 |
| Licensed by the regulator | Yes Copyright © 2026 Emirates Islamic Bank (P.J.S.C.) is licensed by the Central Bank of the UAE. | emiratesislamic.ae | 2026-10-31 |
| Published rate, % of country reference | 86% Profit rates start from 2.59% flat p.a for UAE Nationals (approx. 4.74% reducing rate p.a) and 2.99% flat p.a for Expatriates (approx. 5.47% reducing rate p.a). · reducing rate 4.74% (lower bound) · index 100 = 5.50% (median at launch) | emiratesislamic.ae | 2026-10-31 |
| Free early repayment | No Early Settlement - 1.05% of outstanding balance or max AED 10,500 - (Principal Outstanding x 1.05% inclusive of VAT) | emiratesislamic.ae | 2026-10-31 |
| No arrangement fee | No Personal Finance - (Certificates/Shares Murabaha) Processing fee*: Certificates Murabaha 0.7875% of finance amount (Min. AED 525; Max. AED 2,625); Shares Murabaha 1.05% of finance amount (Min AED 525, Max AED 2,625) | emiratesislamic.ae | 2026-10-31 |
| Fees or terms published | Yes Finance - Processing Fees & Charges | Emirates Islamic: Personal Finance - (Certificates/Shares Murabaha) | emiratesislamic.ae | 2026-10-31 |
| Complaints procedure | Not verified | — | |
| Online application for new customers | Not verified | — | |
| Support hours a week | Not verified | — | |
| Maximum amount, % of country reference | 100% Secure up to AED 4 million for UAE Nationals, AED 3 million for Expatriates. · max 4000000 AED · index 100 = 4000000 AED (median at launch) | emiratesislamic.ae | 2026-10-31 |
| Longest term | 48 mo Up to 48 months for all employers and up to 60 months for Ministry of Defence employees only | emiratesislamic.ae | 2026-10-31 |
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