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Personal Finance

NBF Islamic Personal Finance

We understand that you need to be there for those you love. Whatever it is you need to finance - your family's dream vacation, your child's school fees or wedding - NBF Islamic Personal Finance, based on the principle of Murabaha, gives you funds upfront to meet your requirements.

Access your funds whenever you need to and enjoy affordable monthly payments at rates that work for you.

Product Features

  • Financing of up to 20 times your monthly income
  • Competitive profit rates
  • Flexible payment terms up to 48 months
  • Fast processing and easy documentation
  • No hidden costs
  • Free online banking and 24/7 phone banking services

    With effect from 1 November 2018, Takaful rates on NBF Personal Finance will be revised to 0.02144% per month.
    If you already have a higher Takaful rate due to medical underwriting, please contact your Relationship Manager for your applicable rate increase.
    For more info, please call 8008NBF(623).
    Terms and conditions apply.

Required Documents

You are eligible to apply for NBF Islamic Personal Finance provided you are:

  • At least 21 years of age
  • Earning a minimum salary of AED 5,000 per month
  • Employed at your current employer for at least six months

Rates & Charges

Profit rate (reducing balance)

Starting from 5.99%p.a.


Can I change (increase or reduce) the tenor of my Islamic Personal Finance?

Yes, you can increase or reduce the tenor of your Islamic Personal Finance as per the existing policy guidelines.

Do I have to transfer my salary to an NBF account to qualify for Islamic Personal Finance?

Yes, you need to have your monthly salary transferred into your NBF account (conventional or Islamic). This can be done once your finance is approved.

For how long do I have to have worked at my current employer to be eligible for NBF Islamic Personal finance?

We need confirmation that you have spent at least six months working for your current employer.

How long does it take to process my application for NBF Islamic Personal Finance?

We generally need around six working days to approve NBF Islamic Personal Finance applications.

Once approved, how will I get my Islamic Personal Finance funds?

We’ll transfer your Islamic Personal Finance amount into your NBF account.

How do I make my NBF Islamic Personal Finance payments?

When you sign up for Islamic Personal Finance, you’ll give us a standing order instruction to deduct the monthly instalment from your NBF Islamic account.

What is the oldest I can be at the time that my Islamic Personal Finance matures?

If you are an expatriate you should be no older than 60 at the time your Islamic Personal Finance matures. If you are a UAE National you should be no more than 65 years of age at the time of Islamic Personal Finance maturity.

What is the processing fee for Islamic Personal Finance?

Please download our Islamic Schedule of Charges to see our current processing fees.

What should be my earning to be eligible for NBF Islamic Personal Finance?

Your monthly salary needs to be at least AED 5,000 per month.

What will my monthly instalments be?

Your monthly instalment amount is fixed throughout the tenor of your Islamic Personal Finance (i.e. it will not vary from month to month). Before processing your Islamic Personal Finance application, your Islamic Personal Finance Officer will let you know how much your instalments will be.

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