Al Tayseer Personal Finance
Al Tayseer Personal Finance
NBQ Islamic Banking Window offers Al Tayseer Personal Finance, which is approved by the NBQ Shari’ah Board and is based on Commodity Murabaha principles.
Features and Benefits
- Maximum finance amount up to 20 times salary for UAE Nationals
- Maximum finance amount up to 10 times salary for Expatriates
- Competitive profit rate
- Repay your finance over 48 months
- Free Debit/ATM card
Fees and Charges
- Processing Fee 1% of finance amount minimum AED 500 and maximum AED 2,500
Eligibility
UAE Nationals:
- Available to customer minimum 21 years of age and 65 years of age at maturity of finance
- For applicants under the age of 21, a Guardian can act as Guarantor and sign on your behalf
- Salary transfer to NBQ is required
- No minimum service period required with your current employer
- Minimum monthly salary criteria applies
For Expatriates:
- Available to customer minimum 25 years of age and 55 years of age at maturity of finance
- Salary transfer to NBQ is required
- Minimum length of service of 2 years with your current employer
- Minimum monthly salary criteria applies
Documents Required
- Valid Copy of passport and emirates ID
- Documents showing monthly salary transfer (e.g. salary transfer letter, bank Statement)
- Other documents may be requested at the discretion of the bank.
Subject to the terms and conditions of Islamic banking unit – National Bank of Umm Al Qaiwain
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