^{Home Finance} Housing Top-up Finance for Abu Dhabi Housing Authority UAE National Beneficiaries

• 50% profit subsidised by Abu Dhabi Government is applicable on the top-up finance amount up to AED 500,000
• The Monthly Rental Payment of the ADHA Housing Top-up facility will be calculated using the Straight Line Method (SLM), instead of the standard Payment (PMT) method. The straight-line method also known as the fixed principal payment method, involves paying equal amounts fixed rental payment over the finance tenor, where the variable rental payment is calculated on the remaining outstanding balance.
• In case of construction, full monthly Rental Payment will commence after two years of first disbursal of the finance or on property completion date whichever is earlier. Till the full disbursal or property handover, customer will pay the profit (Pre Monthly Rental Payment) amount during the construction period
• Dedicated ADCB Mortgage Centers will ensure convenient, seamless and stress-free home buying experience
• Experienced and dedicated Home Finance Relationship Managers
• Dedicated after-sales service desk and helpline
• Flexibility to partially settle your finance at any time during the tenor of the finance
• For every “Home Finance” booked, ADCB Islamic Banking will plant a mangrove tree on your behalf

• Financing up to 85% of the property value
• Financing up to AED 500,000 finance amount over and above the profit-free amount financed by Abu Dhabi Housing Authority's, with 50% of the profit subsidized by Abu Dhabi Government
• Financing of additional amounts over and above the AED 500,000 subsidised by Abu Dhabi Government is available under the standard ADCB Islamic Banking Home Financing products
• Financing tenor of up to 25 years
• Competitive Profit Rates with the option to choose from the following structures:
  • Hybrid Structure - Fixed for initial years and variable thereafter
  • Variable Rate Structure - Based on relevant EIBOR + Margin

ADCB Islamic Banking finances will be made available at the sole discretion of ADCB Islamic Banking, subject to ADCB's Islamic Banking Terms and Conditions and upon submission of documentation acceptable to ADCB Islamic Banking. To view the full Consumer Islamic Banking Terms and Conditions, click here.

• If you do not keep up your rental payments, you may lose the right to own the property under Home Finance Documentation
• If you settle the financing early, you may have to pay early settlement charges in accordance with finance documentation
• If you do not meet payment requirements under the financing facility, your account will go into arrears and you might be required to pay donation amount as per financing documents and such amount shall be paid to charity (after deduction of any actual loss that the Bank may have suffered due to your default)

To view the FAQs, please click here.

Approved by the Internal Shari’ah Supervision Committee

To view the Home Finance Ijara Fatwa, please click here.