Emirates Islamic launches mortgages for non-residents

Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, Tuesday announced the launch of home-finance solutions to help non-residents purchase property in the UAE.

Investors residing in Kuwait, Oman, Bahrain, Saudi Arabia, India, the United Kingdom, China, Hong Kong and Russia can avail finance up to 50 per cent of their UAE property value for a 25 year tenure at attractive profit rates.

In addition to attractive rates, customers applying for home finance can also benefit from fast-tracked documentation. The launch is aligned with the bank’s strategy to expand its retail banking proposition and deliver a superior customer experience across its customer base.