Noor Bank (Emirates NBD Islamic) Mortgage
Emirates NBD's dedicated Islamic banking subsidiary offering comprehensive Sharia-compliant mortgages.
Key Terms & Rates
Interest Rate Range
4.3%–5.7%
Fixed & variable options
Maximum LTV
80%
Loan-to-value cap
Processing Fee
AED 2,000
One-time application fee
Pre-Approval Timeline
5d
For salaried professionals
Minimum Salary
AED 5,000
Typical requirement
Early Settlement
Sharia-compliant early repayment
Prepayment terms
Islamic Options
Yes
Sharia-compliant products
Status
Active & Competitive
Updated April 2026
Strengths
- ✓Pure Islamic banking with Sharia Board oversight
- ✓Competitive rates with Emirates NBD backing
- ✓Fast approval and processing
- ✓Clear documentation and transparency
Weaknesses
- ✗Limited to Islamic products only
- ✗Smaller branch network than parent bank
- ✗Less brand recognition than traditional Islamic banks
Application & Approval Process
Pre-Approval Steps
- 1. Complete online/branch application with ID, salary certificate and bank statements
- 2. Bank verifies employment and credit history (2–3 business days)
- 3. Property valuation requested once property identified (1–2 days)
- 4. Final approval issued within 5 days total
Required Documentation
- • Valid passport & residency visa
- • Last 3 months' salary slips
- • Last 6 months' bank statements
- • Employment letter on company letterhead
- • Property-specific documents (once identified)
- • Proof of down payment source
Timeline to Disbursement
Pre-approval: 5 days. Full approval: +7–10 days post-contract. Disbursement: +2–5 days after final approval and title registration.
Ready to Apply?
Our team can help you prepare your application, compare final offers and negotiate rates with Noor Bank (Emirates NBD Islamic)and competing lenders. Get your pre-approval in hand before your property search.