Latest news with #homefinancing
Arabian Business
5 days ago
- Business
- Arabian Business
Smart Capital, Smarter Homes: FAB new services offer business-minded investors a strategic edge
First Abu Dhabi Bank (FAB) offers a timely solution for professionals, investors, and high-net-worth individuals seeking efficient and cost-conscious conventional and Islamic home financing in a rising interest/profit rate environment and an increasingly competitive property market. Through its FAB Elite Mortgage and FAB Islamic Elite home finance options, the bank delivers financial products that appeal to the bottom line, without compromising flexibility or compliance preferences. Real estate remains a cornerstone of long-term wealth accumulation, and in the UAE's dynamic property landscape, buyers are increasingly looking for tailored financial solutions. FAB understands this demand and has launched exclusive mortgage and Islamic home finance offers that not only support ownership of premium properties but also enhance one's broader investment strategy. Whether it's purchasing a high-end residence, completing a developer handover, or planning to expand your real estate portfolio, FAB Elite home financing's fixed-rate options, starting at 3.99% deliver a rare mix of stability and value with a variety of rewards. Mortgage and finance clients can save up to AED 25,000 in processing and associated fees, an enticing incentive for first-time buyers or investors targeting luxury units. For those refinancing or transferring an existing loan/finance, the perks are just as compelling. Clients can avail up to 180 days of grace before their first payment. They are also eligible for refunds on processing and valuation fees with no early settlement charges and a full waiver on mortgage or home finance buyout fees. These benefits ensure that both new and existing property owners can optimize their financial planning while securing high-value assets. Favourable rates and cost savings are not the only benefits of the new services. FAB is raising the stakes with an extraordinary incentive: a chance to win up to 1.5 KG of gold. Every eligible mortgage or home finance application is automatically entered into this exclusive draw, adding an exciting layer of reward to an already interesting opportunity. For those seeking Islamic finance options, FAB Islamic's Elite Home Finance also offers competitive offerings. Clients enjoy the same fixed profit rate of 3.99%, identical savings, and gold giveaway eligibility, all within a fully Shariah-compliant framework. The tailored service includes access to exclusive Islamic credit card products that align with your lifestyle and ethical values, underscoring FAB Islamic's commitment to principled yet powerful financial solutions. Every investor receives dedicated support from FAB's expert mortgage and home finance advisors, professionals skilled in navigating the complexities of property transactions and optimising high-value deals. Whether acquiring a luxury holiday home, diversifying a global portfolio, or preparing to transfer wealth across generations, FAB ensures every step is strategically sound. With up to five years of fixed-rate certainty, investors can lock in today's attractive rates and ride out potential fluctuations in future financing costs, securing both peace of mind and long-term profitability. In an age where informed property investment is a mark of true financial acumen, FAB's Elite Mortgage and Elite Home Finance go beyond traditional lending. They represent a gateway to wealth preservation, lifestyle enhancement, and unique rewards, gold included. For discerning investors who demand more than just a home, FAB delivers property finance with the polish, precision, and prestige they deserve.
Zawya
10-06-2025
- Business
- Zawya
NBO's Muzn Islamic Banking collaborates with OHB on home financing offer with added credit card benefit
Muscat: The National Bank of Oman's (NBO) Muzn Islamic Banking has partnered with Oman Housing Bank (OHB) to offer customers a home financing opportunity to support their homeownership aspirations. As part of the collaboration, customers who apply for Iskan Home Financing through OHB and select Muzn Islamic Banking will receive a complimentary Muzn Credit Card upon request with the first-year annual fee waived. Available until 30 June 2025, this limited-time offer supports homeowners by providing accessible, value-driven financing solutions. The offer combines subsidised financing under OHB's Iskan initiative and Muzn Islamic Banking Shari'a-compliant Credit Card, blending affordability with convenience and ethical banking benefits. This also enables new homeowners to conveniently finance essential home-related purchases such as appliances, furniture and other setup costs, supporting a smoother transition into their new homes. Commenting on the partnership, Salima Obaid Issa Al-Marzoqi, Assistant General Manager and Chief Islamic Banking Officer at Muzn, said: 'We are pleased to collaborate with OHB to support families on their homeownership journey. This initiative enables customers to benefit from OHB's subsidised Iskan Financing Programme while experiencing the Shari'a-compliant value-added services and high standards of Muzn Islamic Banking's financial offerings.' To ensure a seamless and rewarding banking experience, customers can select Muzn Islamic Banking on the Iskan digital platform when applying for home financing. Once approved, eligible applicants may request a Muzn Credit Card, which will be issued with the first-year annual fee waived. This initiative reflects Muzn Islamic Banking's ongoing efforts to deliver responsible financial solutions that are tailored to the needs of today's customers. By working with Oman Housing Bank, Muzn Islamic Banking continues to support government efforts in housing development while strengthening its commitment to Shari'a-compliant, customer-first banking. For more information about this offer or Muzn Islamic Banking's range of Shari'a-compliant products and services, please visit or contact the Muzn Islamic Banking's Call Centre at 24770001.
Trade Arabia
27-05-2025
- Business
- Trade Arabia
Binghatti, ADIB bring sharia-compliant home finance solutions to UAE
Dubai's leading developer Binghatti Holding has signed an agreement with Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, to broaden and deepen its customer base by offering customers sharia-compliant home-financing solutions including off-plan property purchases. The MoU allows the two parties to detail an agreement that will make it easier for homeowners to secure home financing solutions once construction of a project reaches 35% completion. Binghatti currently has 18,600 units under development across 23 projects in prime residential areas across the city, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti had launched its latest 1,600-unit project, Binghatti Aquarise, in early May at a star-studded event at the Coca-Cola Arena with nearly 12,000 people in attendance. Commenting on the deal, CEO Eng. Katranalda BinGhatti said: "This innovative Islamic financing solution is a game changer for our industry and will continue to support the growth of off-plan sales and the sustainability of the real estate market." "We expect to be able to offer our growing customer base a lower threshold to access financing across our projects under development in Dubai and a way to benefit from market appreciation. We have a strong relationship with ADIB over many years and are delighted to be working together to support the evolution of home financing," he stated. ADIB Group CEO Mohamed Abdelbary said: "We continue to play a pivotal role in expanding access to home financing in the UAE, empowering more individuals and families to take their first step into being property owners."
Al Bawaba
27-05-2025
- Business
- Al Bawaba
Binghatti and ADIB to bring Sharia-compliant Home Finance solutions to the UAE real estate market
Dubai's leading developer, Binghatti Holding Ltd. ('Binghatti), announced today that it has signed a Memorandum of Understanding ('MoU') with Abu Dhabi Islamic Bank ('ADIB'), a leading financial institution in the UAE, to broaden and deepen Binghatti's customer base by offering customers Sharia-compliant home-financing solutions, including off-plan property MoU allows the two parties to detail an agreement that will make it easier for homeowners to secure home financing solutions once construction of a project reaches 35% on the MoU, Engr. Katranalda BinGhatti, Chief Executive Officer, Binghatti, said: 'This innovative Islamic financing solution is a game changer for our industry and will continue to support the growth of off-plan sales and the sustainability of the real estate market. We expect to be able to offer our growing customer base a lower threshold to access financing across our projects under development in Dubai and a way to benefit from market appreciation. We have a strong relationship with ADIB over many years and are delighted to be working together to support the evolution of home financing.'Commenting on the MoU, Mohamed Abdelbary, Group Chief Executive Officer at ADIB, said: 'ADIB continues to play a pivotal role in expanding access to home financing in the UAE, empowering more individuals and families to take their first step into being property owners. This partnership with Binghatti reflects our shared vision of enabling homeownership by providing innovative Sharia-compliant solutions. Together, we aim to deepen the real estate financing market in the UAE by unlocking greater affordability and financial inclusion.'Binghatti currently has 18,600 units under development across 23 projects in prime residential areas across the City, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti was proud to launch its latest 1,600-unit project, Binghatti Aquarise, in early May at a star-studded event at the Coca-Cola Arena with nearly 12,000 people in attendance. Binghatti has a strong record of on-time unit delivery supported by its in-house vertically integrated business model, comprising design, build and materials sourcing. In 2024, Binghatti saw sales of AED 11.6 billion, a 161% year-on-year increase, driven by 16 successful project launches and the timely delivery of 3,700 units. Collaborations with renowned global luxury brands like Mercedes-Benz, Bugatti, and Jacob & Co., as well as prestigious clientele including football star Neymar Junior and renowned musician Andrea Bocelli, further elevated the company's market position. Binghatti's recent strategic acquisition of over 13 million sqft of prime land, with a development value exceeding AED 26 billion, underscores its ambitious future growth plans.
Zawya
27-05-2025
- Business
- Zawya
Binghatti and ADIB to bring Sharia-compliant home finance solutions to the UAE real estate market
Dubai, UAE – Dubai's leading developer, Binghatti Holding Ltd. ('Binghatti), announced today that it has signed a Memorandum of Understanding ('MoU') with Abu Dhabi Islamic Bank ('ADIB'), a leading financial institution in the UAE, to broaden and deepen Binghatti's customer base by offering customers Sharia-compliant home-financing solutions, including off-plan property purchases. The MoU allows the two parties to detail an agreement that will make it easier for homeowners to secure home financing solutions once construction of a project reaches 35% completion. Commenting on the MoU, Engr. Katranalda BinGhatti, Chief Executive Officer, Binghatti, said: 'This innovative Islamic financing solution is a game changer for our industry and will continue to support the growth of off-plan sales and the sustainability of the real estate market. We expect to be able to offer our growing customer base a lower threshold to access financing across our projects under development in Dubai and a way to benefit from market appreciation. We have a strong relationship with ADIB over many years and are delighted to be working together to support the evolution of home financing.' Commenting on the MoU, Mohamed Abdelbary, Group Chief Executive Officer at ADIB, said: 'ADIB continues to play a pivotal role in expanding access to home financing in the UAE, empowering more individuals and families to take their first step into being property owners. This partnership with Binghatti reflects our shared vision of enabling homeownership by providing innovative Sharia-compliant solutions. Together, we aim to deepen the real estate financing market in the UAE by unlocking greater affordability and financial inclusion.' Binghatti currently has 18,600 units under development across 23 projects in prime residential areas across the City, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti was proud to launch its latest 1,600-unit project, Binghatti Aquarise, in early May at a star-studded event at the Coca-Cola Arena with nearly 12,000 people in attendance. Binghatti has a strong record of on-time unit delivery supported by its in-house vertically integrated business model, comprising design, build and materials sourcing. In 2024, Binghatti saw sales of AED 11.6 billion, a 161% year-on-year increase, driven by 16 successful project launches and the timely delivery of 3,700 units. Collaborations with renowned global luxury brands like Mercedes-Benz, Bugatti, and Jacob & Co., as well as prestigious clientele including football star Neymar Junior and renowned musician Andrea Bocelli, further elevated the company's market position. Binghatti's recent strategic acquisition of over 13 million sqft of prime land, with a development value exceeding AED 26 billion, underscores its ambitious future growth plans. For more information, please contact: Mahmoud Kassem Brunswick mkassem@ Lamia Khaled Hariz Head of Public Affairs ADIB Simon Hailes Director of Financial Communications Edelman About Binghatti Holding Ltd.: Binghatti Holding Ltd. is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 80 projects valued at over AED45 billion. Binghatti Holding is led by Chairman Muhammad BinGhatti, whose innovative vision aims to deliver luxurious projects that reflect refined artistic taste and high standards in design and quality. Binghatti Holding has successfully delivered over 11,000 residential units in the past 16 months, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. Binghatti Holding continues to expand its real estate portfolio to meet the growing market demands, focusing on delivering residential projects that elevate the level of luxury in Dubai. About ADIB: ADIB is a leading bank in the UAE with AED 244 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX). ADIB has a strong presence in five strategic markets: Egypt, where it has 72 branches, the United Kingdom, Qatar, and Iraq. Named World's Best Islamic Bank by The Financial Times - The Banker publication, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and a wide range of financing products.
