UAE RATES as of 18 Jul 2026
UAE Base Rate 3.65% — 1M EIBOR 3.76% — 3M EIBOR 3.83% — 6M EIBOR 3.81% — 12M EIBOR 4.13% — Emirates NBD from 3.99% First Abu Dhabi Bank from 3.89% ADCB from 4.15% Mashreq from 4.25% HSBC from 3.94% Dubai Islamic Bank from 4.10% Abu Dhabi Islamic Bank from 4.20% RAKBANK from 4.15% Standard Chartered from 3.98% Emirates Islamic from 4.05% Sharjah Islamic Bank from 4.18% Ajman Bank from 4.23% Invest Bank from 4.28% United Arab Bank from 4.25% Arab Bank from 4.21% Commercial Bank of Dubai from 4.03% National Bank of Fujairah from 4.18%
UAE Base Rate 3.65% — 1M EIBOR 3.76% — 3M EIBOR 3.83% — 6M EIBOR 3.81% — 12M EIBOR 4.13% — Emirates NBD from 3.99% First Abu Dhabi Bank from 3.89% ADCB from 4.15% Mashreq from 4.25% HSBC from 3.94% Dubai Islamic Bank from 4.10% Abu Dhabi Islamic Bank from 4.20% RAKBANK from 4.15% Standard Chartered from 3.98% Emirates Islamic from 4.05% Sharjah Islamic Bank from 4.18% Ajman Bank from 4.23% Invest Bank from 4.28% United Arab Bank from 4.25% Arab Bank from 4.21% Commercial Bank of Dubai from 4.03% National Bank of Fujairah from 4.18%
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Islamic home finance

Ajman Bank Mortgage in the UAE — Rates, Eligibility & How to Apply

Ajman Bank is a fully Sharia-compliant Islamic bank headquartered in the UAE, providing home finance solutions built on Islamic finance principles for buyers across the country. YOUAE Mortgages compares Ajman Bank alongside every active UAE lender to ensure you secure the most suitable structure — and the most competitive profit rate — for your purchase.

Ajman Bank mortgage products & features

As a dedicated Islamic bank, Ajman Bank operates exclusively through Sharia-compliant finance structures. All home finance products are interest-free and governed by an independent Sharia Supervisory Board. The primary structures available in the UAE Islamic home finance market include:

  • Diminishing Musharaka (reducing partnership): the bank and customer jointly purchase the property. The customer buys the bank's share in increments over the finance term while paying an agreed rental amount on the portion still owned by the bank. Ownership transitions fully to the customer on the final payment.
  • Ijara (lease finance): the bank purchases the property outright and leases it to the customer for the finance term. Monthly payments represent rental income to the bank, with ownership transferring at term end under a separate arrangement.
  • Murabaha (deferred cost-plus sale): used in certain transactions; the bank acquires the property and sells it to the customer at a pre-agreed mark-up, with the total amount repaid in structured instalments.

Ajman Bank's home finance covers ready residential properties and may include buyout (refinancing) of existing Islamic or conventional mortgages from other UAE lenders. As a Northern Emirates institution, Ajman Bank may have particular operational familiarity with properties in Ajman and the broader Northern Emirates region, though UAE freehold properties more widely can generally be explored.

Ajman Bank mortgage rates

Indicative profit rates at Ajman Bank start from 4.23%. Your actual profit rate will depend on the finance amount, the fixed profit rate period you select, your employment profile, property type, and loan-to-value ratio. Products with variable profit rates are benchmarked to EIBOR — when EIBOR moves, your monthly payment adjusts accordingly. These starting figures are indicative only; YOUAE will obtain a live personalised offer from Ajman Bank as part of your whole-of-market comparison.

See how Ajman Bank profit rates compare across the UAE →

Eligibility

Ajman Bank home finance is primarily aimed at UAE residents, and non-resident buyers should discuss specific eligibility requirements with a YOUAE adviser. General UAE market criteria apply:

  • Minimum salary: approximately AED 15,000 per month for salaried employees, though this can vary by product and loan amount.
  • Age: typically 21 at application, with the finance term structured to conclude before age 65 for salaried applicants and 70 for self-employed individuals.
  • Self-employed applicants: usually required to provide two years of audited financial statements, a valid trade licence, and supporting bank statements demonstrating consistent business income.
  • Documents: passport, UAE residency visa, Emirates ID, salary certificate or trade licence, six months of personal bank statements, and full property details.

Central Bank of the UAE regulations govern the maximum amount a lender can advance: up to 80% of the purchase price for first-home residents on properties valued up to AED 5 million, with lower LTV ratios for second properties, higher-value purchases, and non-residents.

Fees & costs

In addition to your Ajman Bank home finance arrangement, budget for the standard transactional costs involved in buying UAE property. For a Dubai purchase, these typically amount to around 7% of the purchase price:

  • Dubai Land Department (DLD) transfer fee: 4% of the property price, payable in cash or manager's cheque.
  • Estate agency fee: approximately 2%, usually borne by the buyer.
  • Finance/mortgage registration fee: 0.25% of the finance amount, paid to the DLD.
  • Valuation fee: typically AED 2,500–AED 3,500.
  • Bank arrangement fee: varies by product and lender; commonly 0.5%–1% of the finance amount.

If your purchase is in Ajman, Sharjah, Ras Al Khaimah, or another emirate, transaction fees and registration charges operate on different schedules. YOUAE will prepare a clear, emirate-specific cost breakdown for your transaction.

Why compare Ajman Bank through a broker

Ajman Bank can be a strong candidate — particularly for buyers in the Northern Emirates or those specifically seeking a committed Islamic bank with a locally grounded service model. But profit rates, approval criteria, and processing speeds shift across lenders and across time. Seeing only Ajman Bank's offer means you cannot know whether a better structure exists elsewhere.

YOUAE compares Ajman Bank against all UAE Islamic and conventional lenders in real time. We place applications with the lenders best suited to your profile and manage the full process — credit submission, valuation, and DLD coordination — so you don't have to. This is particularly valuable for self-employed applicants, buyers with international income, and those seeking to refinance or buy in less commonly financed locations.

Browse all UAE lenders we compare →

How to apply with YOUAE

  1. Free consultation — a YOUAE adviser reviews your income, budget, property goals, and preference for Islamic finance.
  2. Pre-approval — we prepare your documents and submit simultaneously to Ajman Bank and other shortlisted lenders to obtain in-principle finance offers.
  3. Property offer accepted — once your offer is accepted, we instruct valuation and drive final finance approval.
  4. Completion — YOUAE manages communication between you, Ajman Bank, the real estate agent, and the DLD through to transfer and key collection.

Get your free mortgage pre-approval →

Frequently asked questions

Is Ajman Bank home finance only available for properties in Ajman?

No. UAE-licensed banks can generally provide home finance for freehold properties across the country's designated investment zones, not only in their home emirate. Your YOUAE adviser will confirm whether your specific property qualifies under Ajman Bank's criteria.

What is the difference between Ijara and Diminishing Musharaka?

Both are Sharia-compliant Islamic home finance structures. Under Ijara, the bank owns the property and leases it to you — you pay rent until ownership is transferred at the end of the term. Under Diminishing Musharaka (the more common UAE structure), you and the bank co-own the property from day one, and you buy out the bank's share progressively while paying rent on its remaining portion. The right structure depends on your preferences and the bank's offering — YOUAE can walk you through both.

Can I switch from a conventional UAE mortgage to Ajman Bank Islamic finance?

Yes. Refinancing (or "buyout") from a conventional lender to an Islamic bank is a standard UAE transaction. YOUAE will assess whether the saving in profit rate and the costs of switching make the move financially worthwhile for your remaining balance and loan term before you commit.

Ready to find out how Ajman Bank compares against the full UAE home finance market? Book your free pre-approval with YOUAE today →