Islamic Vehicle Finance

Enabling CBD customers to purchase their dream cars.

Competitive Murabaha profit rates

Financing for new and used cars

Fast processing

Flexible repayments

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

Mudaraba

Competitive Murabaha profit rates

Competitive Murabaha profit rates with no hidden charges.

Finance used cars

Financing for new and used cars

Finance available for both new and used cars.

Easy Documents

Fast processing

Simple documentation and fast processing.

Flexible repayment

Flexible repayments

Tenures of up to 60 months to suit your needs with possibility of payment deferral.

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

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.

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Fees & charges

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Terms & conditions

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