Emirates Islamic Mortgage Review UAE 2026
Emirates Islamic is the Sharia-compliant subsidiary of Emirates NBD Group, one of the UAE's largest banking groups. As an Islamic bank, Emirates Islamic offers fully Sharia-compliant home financing through Murabaha and Ijara (lease-to-own) structures. Being part of the Emirates NBD Group gives Emirates Islamic access to a wide branch network and strong developer relationships, particularly for off-plan properties. Emirates Islamic is popular with Muslim expats and UAE nationals seeking the brand trust of Emirates NBD combined with Islamic financing.
EI Mortgage Rates (2026)
| Rate Type | Rate | Notes |
|---|---|---|
| Murabaha (1-year fixed) | From 3.69% p.a. equiv. | |
| Murabaha (3-year fixed) | From 3.99% p.a. equiv. | |
| Murabaha (5-year fixed) | From 4.29% p.a. equiv. | Long-term Islamic profit rate certainty |
| Variable profit rate | EIBOR + 1.95% equiv. | |
| UAE nationals rate | From 3.49% p.a. equiv. | Preferential terms for UAE citizens |
| Fixed Rate (3-year STL) | From 3.99% p.a. | STL; effective Dec 2025 |
| Fixed Rate (5-year STL) | From 4.39% p.a. | STL; effective Dec 2025 |
| Variable Rate (EIBOR-linked) | EIBOR + 1.99% | Follow-on rate STL/NSTL |
EI Fees & Terms
| Fee / Term | Details |
|---|---|
| Processing Fee | 1.0% of finance amount (min AED 5,000) |
| Early Settlement Fee | 1.0% of outstanding balance (max AED 10,000) |
| Maximum Loan Tenure | 25 years |
| Conventional Mortgage Available | No |
| Islamic / Sharia Finance Available | Yes |
EI Mortgage Eligibility
| Criteria | Requirement |
|---|---|
| Minimum monthly salary | Expat: AED 15k for listed companies (STL mandatory) AED 20k for non listed companies UAE National: AED 8k for listed companies AED 10k for non listed companies |
| Minimum age | 21 years |
| Maximum age at maturity | * 65 years *For 70 years, All expat customers whose salary is more than AED 40,000 can have the age at maturity increased to 70 years. Or Age at maturity to be increased to 70 years for all customers where the FTV is 60% or less. |
| Maximum LTV (expats) | 75% |
| Maximum LTV (UAE nationals) | 80% |
| Minimum employment tenure | Local & Expat 6 months & previous experience letter required up to 3 years previous employment details |
| Maximum finance tenure | 25 years |
| Financing type | Sharia-compliant (Murabaha, Ijara) |
| Maximum loan tenure | 25 |
| Minimum loan amount | 200000 on deviaiton For NR minimum AED 500,000/- |
| Maximum loan amount | 15000000 |
| AECB credit score | 541 |
EI Pros
- Part of Emirates NBD Group — access to widest UAE property developer network
- Wide developer list for off-plan Islamic financing
- Fully Sharia-compliant with experienced Islamic finance team
- Multiple Islamic structures: Murabaha and Ijara
EI Cons
- Profit rates slightly higher than DIB for most products
- Higher minimum salary (AED 12,000) than ADIB or DIB
- Only offers Islamic financing — no conventional fallback
Best For
Muslim borrowers seeking Islamic financing with access to a wide developer network for off-plan purchases
About Emirates Islamic
| Detail | Information |
|---|---|
| Established | 2004 |
| Headquartered | Dubai, UAE |
| Total Assets | AED 80 billion+ |
| Product Type | Islamic (Sharia-compliant) |
Frequently Asked Questions
What is the difference between Emirates Islamic and Emirates NBD?
Emirates NBD offers conventional (interest-based) mortgages. Emirates Islamic is its Sharia-compliant subsidiary, offering Islamic home finance without interest. Both are part of the Emirates NBD Group.
Does Emirates Islamic cover off-plan properties?
Yes, Emirates Islamic has one of the wider developer lists for off-plan Islamic financing, benefiting from the Emirates NBD Group's strong developer relationships.
Are Emirates Islamic rates competitive vs DIB?
Emirates Islamic rates (from 3.69%) are marginally above DIB (from 3.59%). However, Emirates Islamic's wider developer network for off-plan may be a significant advantage depending on your property.
Can I apply for Emirates Islamic financing through Mortigo?
Yes, Mortigo includes Emirates Islamic in its bank panel and can compare its Islamic financing with DIB, ADIB, and other Sharia-compliant lenders for your specific profile.
Compare live mortgage rates from EI and all major UAE banks at our UAE Mortgage Rates page — updated daily.
Compare EI with Other Lenders
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Also see: All UAE Banks | Bank Comparisons | Mortgage Calculator
Emirates Islamic Mortgage Review
Emirates Islamic is the Sharia-compliant subsidiary of Emirates NBD Group, one of the UAE's largest banking groups. As an Islamic bank, Emirates Islamic offers fully Sharia-compliant home financing through Murabaha and Ijara (lease-to-own) structures. Being part of the Emirates NBD Group gives Emirates Islamic access to a wide branch network and strong developer relationships, particularly for off-plan properties. Emirates Islamic is popular with Muslim expats and UAE nationals seeking the brand trust of Emirates NBD combined with Islamic financing.
EI Mortgage Rates (2026)
Rates are indicative as of 2026 and subject to individual bank credit assessment. Contact Mortigo for personalised rate quotes.
Pros & Cons
Pros
Cons
EI Mortgage FAQs
What is the difference between Emirates Islamic and Emirates NBD?
Emirates NBD offers conventional (interest-based) mortgages. Emirates Islamic is its Sharia-compliant subsidiary, offering Islamic home finance without interest. Both are part of the Emirates NBD Group.
Does Emirates Islamic cover off-plan properties?
Yes, Emirates Islamic has one of the wider developer lists for off-plan Islamic financing, benefiting from the Emirates NBD Group's strong developer relationships.
Are Emirates Islamic rates competitive vs DIB?
Emirates Islamic rates (from 3.69%) are marginally above DIB (from 3.59%). However, Emirates Islamic's wider developer network for off-plan may be a significant advantage depending on your property.
Can I apply for Emirates Islamic financing through Mortigo?
Yes, Mortigo includes Emirates Islamic in its bank panel and can compare its Islamic financing with DIB, ADIB, and other Sharia-compliant lenders for your specific profile.
Eligibility Criteria
Best For
Muslim borrowers seeking Islamic financing with access to a wide developer network for off-plan purchases