Dubai Islamic Bank Car Loan – Bank Islami Interest Free Loan Dubai Islamic Personal Finance Loan
DIBPL is the first Islamic bank in Pakistan to offer a Shari’a-compliant “Personal Finance”facility based on the Islamic Finance concept of “Musawamah.” The financing facility can be used for financial needs such as education, marriage, medical expenses, credit card loan settlements, conventional loan settlements, or meeting any other emergency needs in a “HALAL/ISLAMIC” way.
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Fatwa
Download Fatwa – English
Download Fatwa – Urdu
How It Works
The Customer (with requirement of funds for personal needs) will approach the Bank to avail Personal Finance Facility.
After the required credit approvals, the Bank will purchase specified goods (e.g. cotton, meat) from a commodity supplier on spot payment basis.
The goods will be identified (i.e. the location and warehouse details) & disclosed to the bank by the broker.
The Bank, after getting the title to and possession of the goods, will sell the goods to Customer on a deferred payment basis.
The possession (constructive) of goods will be given through a DO/DC in favour of Customer.
The DO/DC issued will give absolute right to the beneficiary to possess the goods or to liquidate the same by selling it to the ultimate buyer.
Features
Special Sharia Controls have been added to ensure Sharia compliance of the product at various stages, so there’s no possibility /chance of returning goods to the original seller (directly or indirectly) and it will be strictly monitored on a continuous basis.
100% Shari’a Compliant.
Riba Free solution to your immediate cash needs like education, hospitalization, marriage etc.
Avoiding Riba on your existing conventional loans through our product’s balance transfer facility.
Lower rates for BTF customers.
Financing limit from PKR 50,000 to PKR 2 Million (Terms & Conditions apply)
Flexible tenor from 6 months to 60 months.
Swift turnaround time and hassle free processing of your application.
Affordable and competitive equal monthly installments.
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Eligibility
Age Criteria
Minimum Age = 21 years
Maximum Age = 60 years
Who can apply for Personal Finance Facility?
Salaried Individual
In how many cities is this Facility Available?
Currently the product is being offered in Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad along with following cities.
Income Criteria
Salaried – Prime Customers : PKR 250,000 Gross / month
Salaried – Known Company A & B Employees : PKR 30,000 Gross / month
Salaried – Unknown Company Employees : PKR 35,000 Gross / month
Salaried – Government Employees : PKR 30,000 Gross / month
Salaried – Armed Forces Employees : PKR 30,000 Gross / month
Salaried – Contractual (Known Company A & B Companies): PKR 40,000 Gross / month
Finance Limit
Minimum Finance Amount – PKR 50,000
Maximum Finance Amount – PKR 2,000,000
Documents
Documents required at the time of application:
Dully filled Application form.
Balance transfer undertaking ( In case customer wants to transfer his existing outstanding loan from another bank)
Two recent passport size photographs.
Copy of CNIC.
All other relevant documents ( Income documents, Bank Statement, Profession proof etc. as per customer category)
Call Us
Call our hotline for further information
111-786-DIB(342)
Find a Branch
DIB Pakistan
About this app
DIB Pakistan Mobile Banking App is designed to offer a full suite of banking services with a comprehensive range of features. The intuitive & user friendly interface provides a consolidated view of your relationship with the bank. You can also check your balances and make instant transfers / payments on the go.
Some key features of DIB Pakistan Mobile app include:
* Ease of login and usage of mobile app through biometrics
* Consolidated view of your relationship with the bank
* Setup recurring bill payments and transfers
* Instant fund transfer and bill payments
* All types of beneficiary addition via OTP.
* No additional PIN required for financial transactions.
* View all you historical activity and generate duplicate receipts.
* Viewing of Account Balances with mini or full statement download option
* Debit Card details with Mobile Top-ups and much more….
Dubai Islamic Bank Car Loan – Bank Islami Interest Free Loan Dubai Islamic Personal Finance Loan
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