Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of a financing scheme at competitive profit rates for completed commercial properties in Dubai, Sharjah and Ajman.

The scheme, which will benefit customers looking to purchase residential buildings, office space, warehouses, retail shops or labour camps, offers finance up to AED 15 million at attractive profit rates for a repayment period of up to 15 years. The bank is also offering refinance option for customers with completed commercial property in need of capital.

Commenting on the launch of the new product, Faisal Aqil, Deputy CEO, Consumer Wealth Management, Emirates Islamic, said: “Emirates Islamic’s new commercial property finance scheme is consistent with our brand’s new identity which reflects vibrancy, modernity and confidence. Our customized facilities allow customers to put their capital to other profitable uses and manage cash flows better while benefiting from financial flexibility.”

As a leading Islamic bank in the region, Emirates Islamic offers a wide range of Sharia-compliant finance products for specific requirements, such as purchase of tangible assets, procurement of raw materials and fixed assets, machinery, equipment and properties.