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Home / Features / MANZILI Program

Special Features

MANZILI Program

MANZILI, the unique home finance package from Emirates Islamic Bank, offers a solution to your home finance needs. Based on the revered principles of Shari’a and tailored to suit your financial capabilities and personal requirement, MANZILI gives you the choice of three unique home finance solutions: 1. MANZILI SmartHome Based on the Islamic finance concept of Murabaha, The bank will purchase the property of your choice and sell it to you at very competitive terms. What makes it even easier is the fact that you can pay back in convenient installments on a monthly basis. Benefits and Features: High Finance Amounts Enjoy high finance amounts of up to AED 5 million. Speedy process and approval Fast approval after receiving your completed application and relevant documents. Attractive and competitive profit rate Enjoy one of the most competitive rates in the market. Longer tenure Repayment tenure up to 10 years ensure that your cashflow will not be strained. Fixed periodic installment Your monthly repayment amount will remain fixed throughout the finance tenure, helping you plan out your finances according to your convenience. Low minimum down payment Own your property by paying a downpayment as low as 5% of your property’s current market value. Mortgage assurance Insure your family against the burden of future installments should any untoward accident happen to you. Financing of Takaful premium is also available. Convenient processing and low fees Minimal documentation Low processing fees Your repayment starts only when your property is completed or immediately in case of ready properties 2. MANZILI HomeLease Based on the Islamic finance concept of Ijara, the bank will purchase the property of your choice and lease it to you at a flexible rental rate. At the end of the lease tenure, the property will be presented to you as a gift. Benefits and Features: High Finance Amounts Enjoy high finance amounts of up to AED 5 million. Speedy process and approval Fast approval after receiving your completed application and relevant documents. Attractive and competitive profit rate Enjoy one of the most competitive rates in the market. Longer tenure Repayment tenures up to 25 years ensure that your cashflow will not be strained. Convenient periodic instalments Your monthly repayment amount will be based on a variable rate basis, as applicable from time to time. Low minimum down payment Own your property by paying a down payment as low as 5% of your property’s current market value. Mortgage assurance Insure your family against the burden of future installments should any untoward accident happen to you. Financing of Takaful premium is also available. Convenient processing and low fees Minimal documentation Low processing fees Your repayment starts only when your property is completed or immediately in case of ready properties 3. MANZILI HomeInvest Based on the Islamic finance concept of Musharakah cum Ijarah, the bank will buy a common share of your property and leas it right back to you, giving you substantial financial power to spare. Periodic rentals are changed at competitive rates and the Bank will sell back the common share in the property to you at the end of the lease tenure at a very nominal price (AED 1). Benefits and Features: High Finance Amounts Enjoy high finance amounts of up to AED 5 million. Speedy process and approval Fast approval after receiving your completed application and relevant documents. Attractive and completive profit rate Enjoy one of the most competitive rates in the market. Longer tenure Repayment tenures up to 25 years ensure that your cashflow will not be strained. Convenient periodic instalments Your monthly repayment amount will be based on a variable rate basis, as applicable from time to time. Mortgage assurance Insure your family against the burden of future installments should any untoward accident happen to you. Financing of Takaful premium is also available. Convenient processing and low fees Minimal documentation Low processing fees Your repayment starts immediately as per repayment schedule Low minimum down payment Own your property by paying a down payment as low as 5% of your property’s current market value

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