At Mashreq Al Islami, we understand the importance of the decisions you make and their financial implications. With our Shari’ah compliant solutions, we make it easier for you to attain your goals and fulfill your dreams.
Our Personal Finance for Emiratis offer high finance limits at attractive profit rates, and cater to the financial needs of a wide range of UAE professionals at convenient repayment options. We aim to provide a Personal Finance within 24 hours with a host of other benefits.
Personal finance is a Shari’ah Compliant Islamic financing; based on the Islamic principle of.
Tawarruq : It is also known as Commodity Murabaha or Monetization, where the bank buys a commodity from the market and sells it to the customer on Cost plus profit basis with deferred payment. This commodity is then liquidated into market (Bank does not buy them back after selling to customer).
The insurance feature of Takaful Credit Shield, (“Product”) is being provided by Islamic Arab Insurance Company (“Salama”) pursuant to terms and conditions of the Takaful Policy (“Takaful Policy”) found on this page. It must be noted that the Takaful policy relating to this Product may be amended by Salama from time to time. The customer understands and acknowledges that any amendment or modification to the Takaful Policy will be updated on this page without further notice to the customer. The customer hereby confirms that it shall be its duty to be informed of the contents of the Takaful Policy (including any amendments thereof) at all times by visiting this page.
For all intents and purposes, nothing contained on this page or Mashreqbank’s website and/or the Takaful Policy shall be deemed to create an agency, joint venture, amalgamation, partnership between Mashreqbank psc and Salama. Salama shall be solely responsible for any and all claims by the customer under the Takaful Policy and payout of any claims to the customer shall at all times be subject to the terms of the Takaful Policy provided by Salama, over which Mashreq exercise no control whatsoever
SMS ‘UAEN’ to 4250
*Terms and conditions apply.
You can use proceeds of a Mashreq Personal Finance for all your planned and unexpected needs: For example:
* As per the UAE Central Bank Guidelines, if a customer is availing a home finance in the UAE, for a UAE property, the customer cannot avail a Personal finance to fund the down payment of the property purchase.
Terms and conditions apply
With a Mashreq Personal Finance for Emiratis, you enjoy following additional benefits: