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 availed and utilized for financial needs such as education, marriage, medical expenses, credit card loans settlements, conventional loans settlements or meeting any other emergency needs in “HALAL/ISLAMIC” way.
Join Whatsapp Group: Click Here
All Loan List: Click Her
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 deferred payment basis.
The possession (constructive) of goods will be given through a DO/DC in favor 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.
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 continuous basis.
Also Check: Barwaqt Emergency Mobile Apps Loan
Also Check: Silk bank Personal Loan Free apply Online
Also Check: Akhuwat Foundation Loan New Update
Also Check: UBank Home Loan Pakistan
Also Check: Fori Cash Loan Mobilink Microfinance Bank Loan
Features
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.
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
Dubai Islamic Bank Car Loan – Bank Islami Interest Free Loan Dubai Islamic Personal Finance Loan
Say Job City in Pakistan for today latest jobs opportunities in private and Govt departments. View all new Government careers collected from daily. sayjobcity.com