Dubai Islamic Bank ties up with Mohammed Bin Rashid Housing Establishment to provide home finance for UAE nationals

Dubai Islamic Bank (DIB) has announced an agreement with the Mohammed Bin Rashid Housing Establishment (MRHE) to assist UAE nationals fulfill their basic housing needs. The agreement was signed at a ceremony held at the MRHE office in Dubai by Sami Abdullah Gargash, CEO, MRHE and Dr. Adnan Chilwan, Chief Executive Officer of DIB.

In line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, the MRHE aims to enhance the quality of life for UAE nationals living in Dubai by helping them access superior housing.

Under the partnership, DIB will offer UAE nationals financing up to 100 per cent of the property’s value, ranging up to AED 2 million with a tenure of up to 25 years, and attractive profit rates starting from 3.99% p.a.

Speaking at the signing ceremony, Dr. Adnan Chilwan, said: “Since its establishment four decades ago, DIB has demonstrated a unique commitment to the UAE and its people. Today, the bank proudly uses its financial capability and UAE-wide footprint to support all sectors of the economy, and we have made it our mission to develop a suite of best-in-class financial solutions for UAE nationals. Our partnership with the Mohammed Bin Rashid Housing Establishment is an extension of this philosophy, and it will enable DIB to make the dream of home ownership a reality for many UAE nationals.”

Sami Abdullah Gargash, added: “We are delighted to welcome Dubai Islamic Bank as a home finance partner as we prepare to unveil housing alternatives under the MRHE program. These initiatives are part of the long term commitment of delivering quality homes to UAE nationals. Today’s announcement marks another important milestone in the mission of the Mohammed Bin Rashid Housing Establishment, which works tirelessly to meet the varied housing needs of UAE nationals.”