Auto Finance


Take off in your new car at competitive profit rates

If you would like to own your favorite car, whether new or used, and don’t want to pay it off at once, JDIB’s Auto Finance product is the solution for you!

JDIB’s Sharia compliant Auto Finance Product that follows the Islamic finance principle of Murabaha is the key to all your auto financing needs and the perfect solution for your multiple requirements and budget constraints. With a bundle of great features and simple processes, JDIB, at your request, will buy the automobile that you wish to own and then sell it to you according to a fixed margin and easy installments during the period that has been agreed upon.

Product features:

  • Flexible payment period up to 84 months
  • Competitive profit rates
  • Available to salaried or self employed individuals
  • Easy installments
  • Finance available for new & used cars
  • No salary transfer required
  • First installment within 45 days

Required documents:*

  • 3 months bank statements
  • Salary certificate
  • Last month pay slip
  • Valid ID
  • Price offer for car in the name of JDIB

To apply for auto financing or for more information, please visit any of our branches today or call our toll free number 080022400

* Bank’s terms and conditions apply

 

 
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Built from the strong foundations of Islamic banking, JDIB will introduce an innovative suite of retail personal finance products to fit your specific needs.
 

 
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