| Tamweel offers a wide range of products and each one
has been designed keeping individual needs in mind, especially the need
for stability and peace of mind - as a result, Tamweel became the first
home finance company in the UAE to offer both fixed and flexible rate
financing.
All of Tamweel’s home finance products are fully Sharia’a
compliant and have been approved by Dubai Islamic Bank’s Sharia’a
Board. The products are designed to be flexible and can easily be adapted
to suit specific needs
For those individuals who are looking to buy a home in a project under
construction, Tamweel can provide financing for the construction of an
apartment or villa by one of its approved builders. The Home Builder product,
which is an Istisna’a contract, offers both fixed and flexible profit
rates.
Flexi Rent to Own, an Ijarah contract, is an option is for those individuals
who are looking for easy installments with a flexible profit rate at the
end of which they can take ownership of their home. This product provides
the flexibility of a variable rate of profit, enabling home buyers to
make the most of the low profit rates prevailing from time to time.
Fixed Lease to Own is a product with a fixed profit rate throughout the
financing term. This ensures peace of mind, stability better control of
one’s finances. The Fixed Lease to Own is an Ijarah contract.
The Home Owner product, which is a Murabaha contract, offers financing
for any kind of apartment or villa chosen from any one of Tamweel’s
approved builders, with a fixed profit rate through out the financing
term.
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