ADIB and DAMAC Launch Home Finance Plan With Fee Waivers and Shariah-Compliant Insurance

Abu Dhabi Islamic Bank (ADIB) and DAMAC Properties have launched a home financing plan targeting buyers across the UAE, combining flexible financing structures with fee waivers and complimentary property takaful, Shariah-compliant insurance, to reduce the upfront cost of purchasing a home.

The plan is available to DAMAC customers and is designed to ease the initial financial burden through short-term cost support and a streamlined onboarding process. ADIB said its digital home finance approval system has reduced onboarding timelines from days to minutes.

Amira Sajwani, Managing Director of DAMAC Properties, said, “True leadership is about anticipating the needs of the people you serve to meet aspiration with opportunity. Through our collaboration with ADIB, we are making homeownership simpler and more affordable to individuals and families. In a world of rapid change, the dream of owning a home should be a constant, so we will continue to build pathways to stability and prosperity to support families in finding a place to call their own.”

Amit Malhotra, Global Head of Retail at ADIB, said, “This partnership is a clear demonstration of ADIB’s commitment to revolutionising the customer experience as part of its vision for 2035. By combining strategic collaborations with leading solutions, such as our straight through digital onboarding for home finance approvals that has reduced onboarding timelines from days to minutes, ADIB is making its vision of becoming the world’s most innovative Islamic bank a reality.”

Both parties said they would continue to explore further financing initiatives in support of the UAE's residential market.