Islamic finance services that follow Sharia law and Islamic principles are provided by GDS Mortgage Consultancy. Our services are intended to give you ethical and compliant financing solutions, so you may feel secure.
Personalized Solutions to Meet Your Needs
We are aware that each person's financial circumstances are different. Our Islamic finance services in UAE are therefore customized to match your unique requirements. Together, we'll identify the best financing option.
Open and Equitable Procedures
Here at GDS Mortgage Consultancy, we value openness and justice. With no additional costs or hidden fees, our Islamic home financing services are intended to be open and honest. We'll provide you with all the information you require to decide on your financing alternatives with confidence.
Proficient advice and assistance
Our team of professionals is here to assist you with the Islamic home financing procedure. We will support you at every stage, from the fundamentals of Islamic finance to aiding you with the application.
Selecting GDS Mortgage Consultancy for your Islamic home financing requirements is a commitment to a financially stable partnership. We'll put forth endless effort to make sure your financial demands are satisfied in a morally righteous and legal way.
Get in touch with GDS Mortgage Consultancy right now if you're searching for Islamic home finance in Dubai. Our services are ethical, compliant, and customized to your needs. We'll be pleased to go over your choices with you and assist you in locating the ideal finance plan.
Frequently Asked Questions
1. What is Islamic Home Financing in Dubai?
Islamic house finance adheres to Sharia law, which prohibits earning or paying interest (riba). Instead, it employs structures like Ijara (leasing) or Murabaha (cost-plus sale) to facilitate property acquisition without violating Islamic principles.
2. How does Islamic Home Finance differ from conventional mortgages?
Unlike conventional mortgages that involve interest payments, Islamic house finance involves the bank purchasing the property and leasing it to you, or selling it to you at a marked-up price, ensuring compliance with Sharia law.
3. Is Islamic Home Finance available to non-residents?
Yes, GDS Mortgage Consultancy offers Islamic Home Finance solutions to non-residents, facilitating property ownership in Dubai through Sharia-compliant methods.
4. What types of properties can be financed?
Islamic Finance can be used for purchasing freehold properties in Dubai. However, leasehold properties may not be eligible for Islamic financing.
5. Are there hidden fees in Islamic Finance in UAE?
No, GDS Mortgage Consultancy ensures transparency by offering Islamic Finance solutions with no hidden fees or additional costs, providing clear information to help you make informed decisions.
6. What is Ijara in Islamic Home Finance?
Ijara is a leasing agreement where the bank purchases the property and leases it to you for a fixed term. At the end of the lease, you have the option to purchase the property.
7. What is Murabaha in Islamic Finance in UAE?
Murabaha is a cost-plus sale agreement where the bank purchases the property and sells it to you at an agreed-upon price, which includes a profit margin, payable in installments.
8. How are repayment terms structured?
Repayment terms vary based on the financing structure (Ijara or Murabaha) and your financial profile. GDS Mortgage Consultancy offers personalized solutions to match your unique requirements.
9. Is a down payment required?
Yes, a down payment is typically required. The exact amount depends on the bank's policies and your financial situation. GDS Mortgage Consultancy can assist in determining the appropriate down payment for your case.
10. Can I refinance my Islamic house finance in UAE?
Refinancing options may be available depending on your financial circumstances and the policies of the financial institution. It's advisable to consult with GDS Mortgage Consultancy for personalized advice.
11. What documents are needed to apply?
Commonly required documents include proof of identity, proof of income, bank statements, and property details. Specific requirements may vary; GDS Mortgage Consultancy will guide you through the documentation process.
12. Are there age restrictions for applicants?
Applicants are typically required to be between 21 and 65 years old. However, age requirements may vary by financial institution. GDS Mortgage Consultancy can provide information on specific age criteria.
13. Is there a minimum salary requirement?
Yes, a minimum salary requirement is usually set by the financing bank. The exact amount depends on the bank's policies and your financial profile. GDS Mortgage Consultancy can assist in determining eligibility.
14. Can I use Islamic Home Financing for off-plan properties?
Islamic Home Financing can be used for off-plan properties, but eligibility depends on the developer and the bank's policies. GDS Mortgage Consultancy can provide guidance on financing off-plan properties.
15. How can I get started with Islamic Home Finance?
To begin, you can contact GDS Mortgage Consultancy via their website or by phone call. Their team will assess your financial situation and guide you through the process of securing Sharia-compliant home finance
