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All products and services are approved by the Fatwa & Sharia Supervisory Board .

Salary Advance Facility

Salary Advance Facility

ADCB Islamic Banking's Salary Advance Facility ("SAF") is a Shari’ah Compliant finance facility which can be attached to your Islamic Banking Current Account. SAF is based on the "Qard al Hasan" contract (finance without profit) where a flat monthly fee is charged, irrespective of the SAF amount utilized. With the SAF, you can apply for a salary loan in the UAE.

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  • Salary Loan Features & Benefits

    • SAF will be granted for a period of one year with automatic renewals
    • The Bank shall recover monthly and annual fees from the Islamic Banking Current Account
    • Minimum salary requirement is AED 12,000
    • Option to apply for ADCB Islamic Banking Credit Card
  • Fees & Charges

    • Flat monthly fee of AED 105
    • An initial set up fee of AED 105 shall be charged once the account is opened
    • Subsequent renewal fees of AED 105 shall be charged every 12 months
  • Documentation

    • Salary Advance Facility Form
    • Salary Transfer Letter
    • Liability Letter (Only if liabilities are with another bank)
    • Three months’ bank statements (Only if account is with another bank)
    • Passport copy
  • Approved by the Fatwa and Shari’ah Supervisory Board

Disclaimer:All financing is made available at the sole discretion of ADCB-IBD and is subject to ADCB-IBD Terms and Conditions and submission of acceptable documentation

For more information or to apply call 600 56 2626 or visit any ADCB branch in the UAE.

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  • ATMs / Branches

Call - 600 56 2626

SMS - ISL to 2626

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