Highlights
Competitive Murabaha profit rates
Financing for new and used cars
Fast processing
Flexible repayments
Overview
CBD Al Islami Vehicle Finance is a Shari'ah compliant scheme from Commercial Bank of Dubai operating under the Shari'ah principle of 'Murabaha.
By this principle, CBD will purchase the vehicle at your request, and then sell it to you at an agreed fixed profit rate. This allows you to own the car and pay for it in simple installments.
This scheme is available for both used and new vehicles, to individuals and business owners.
Top features
Features and benefits
| Flexible repayment period up to 60 months |
| Up to 80% financing option |
| Competitive Murabaha profit rates |
| First payment after 45 days |
| Option of vehicle insurance finance (Takaful) |
| Option for two deferments annually |
| Easy documentation and fast processing |
| Islamic Current Account – with waived minimum balance for the financing duration |
Relevant links
Key Facts Statement
We kindly request you to carefully read and understand this document, if you are applying for vehicle finance from Commercial Bank of Dubai.
Learn moreFees & charges
Learn moreTerms & conditions
Learn moreAffordable Banking Tips
Our goal at CBD is to ensure that everyone has access to affordable banking solutions to help improve financial capability, promote savings, and build assets and wealth in the months and years to come. This section provides you with tips for your lowest cost and more affordable banking solutions at CBD. Transferring your salary to CBD will ensure you enjoy a better rate on your Home Loan than that of non-salary transfer customers, leading to significant savings over the years.
Warning
If you do not keep up your repayments/payments, you may lose your property. For complete product details and warnings, please refer to the Key Facts Statement.
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