Murabaha on Lands | Real-Estate

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Murabaha Financing (on land)

A long-term benefit-backed plan to help you purchase the land your business needs today.

Murabaha Financing (on land)

A long-term benefit-backed plan to help you purchase the land your business needs today.

What is Murabaha on land?

The Murabaha on lands agreement allows customers to purchase land as per their specifications and needs, through the bank. The customer can then buy back the land from the bank for a deferred payment basis, for a fixed amount.

How it works:
AlSalama Bank will obtain a security or a guarantee from the customer to ensure prompt and timely payment of the installments due as per the Murabaha terms. Note that from the time land is purchased till the time it is sold, it is in the name of the bank, who bears full risk as the owner during that period.

Terms Of Financing

Down Payment: Minimum 50% of the purchase price*
Transaction Period: Up to 5 years
Mode of Payment: Quarterly, semi-annual or annual terms are available

Source of Payment: Business cash flows, rentals from other properties
Profit Rate: Fixed throughout the financing period
Security: First class mortgage on the land, post-dated cheques covering installments

Documentation

With our team of skilled professionals, applying for Murabaha (on land) finance is simple and stress-free, with primary documents varying based on requirement. Note that requirements may be lowered in cases where additional security is provided.

Primary Documents for Individuals:

Valid passport copy
Completed finance application form
Site plan copy
Title deed copy

Primary Documents for Companies:

Valid trade license copy
Commercial Registry copy
Partnership agreement copy (in case of partnerships)
Valid passport copies of partners (in case of partnerships)
Valid passport copy of authorized personnel and copy of Articles of Association defining their powers
Site plan copy
Title deed copy
Last 3 years’ financials

30 February 2025

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22 February 2025

AlSalama Bank and Emirates Skywards soar to new heights launching co-branded credit cards

18 February 2025

AlSalama Bank Group 1st Half 2018 Financial Results

24 June 2018

ASB Champions Customer Happiness With 9th Double Your Salary Draw

18 June 2018

A Fresh New Look to the World’s Oldest Islamic Bank

11 June 2018

Investors Flock to ASB Capital Raising

27 May 2018

AlSalama Bank receives two prestigious ISO certifications

15 May 2018

ASB stands out at Banker ME Industry Awards

01 May 2018

AlSalama Bank honored by Dubai Service Excellence Scheme for the widest implementation of Happiness Meter

18 April 2018

AlSalama Bank 1st Quarter 2018 Financial Results

25 March 2018

AlSalama Bank’s ‘MyHome’ is set to change UAE home finance market

14 March 2018

AlSalama Bank shines again with twelve distinctive accolades at Islamic Finance News Awards

13 March 2018

AlSalama Bank participates in 18th Careers UAE Exhibition

04 March 2018

ASB wins ‘Best Sukuk House’ at EMEA Finance Middle East Banking Awards for Second Consecutive Year

22 February 2018

AlSalama Bank hosts Annual General Meeting

19 February 2018

DED and ASB ‘Consumer Card’ recognized by Visa for successful card program

12 February 2018

AlSalama Bank Triumphs With Two Accolades at Service Olympian Awards

11 February 2018

AlSalama Bank participates in 20th National Career Exhibition

31 January 2018

AlSalama Bank Issues US$ 1 billion Senior Unsecured Sukuk

29 January 2018

AlSalama Bank celebrates first UAE National win in “Double Your Salary” Promotion

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