People & organisations

The Abu Dhabi government body that approves Emirati applicants and sets instalment and settlement policy for National Housing Loans.

Takaful provider on ADIB, FAB and SC panels offering home finance property and life takaful.

The bank's status as real economic owner of the property during the Ijarah, in which capacity it issues the sale undertaking.

The party named in the takaful policy as entitled to claim proceeds — the financing bank under an assigned policy.

The individual taking the mortgage, obliged to repay instalments, maintain insurance and keep the property in good condition.

A consumer to whom a licensed financial institution provides credit as a service and/or product.

The federal regulator licensing banks, publishing EIBOR, and setting mortgage caps (LTV, DBR) and consumer-protection rules.

A second borrower on the loan; joint incomes may support the application and joint life cover is priced separately.

Any natural person or sole proprietor who obtains or may obtain financial services/products, with or without charge, to satisfy personal needs.

CBUAE borrower category for non-UAE nationals, subject to lower LTV caps (80%/70% first home, 60% subsequent) and a 7-year income multiple.

The bank or finance company in whose favour a DLD mortgage is registered to secure its rights over the property.

A third party guaranteeing the loan, against whom the bank may take court proceedings and who remains liable for shortfalls.

Qualified professional, independent of borrower, seller, developer and the loan decision, who conducts the mandatory on-site property valuation from a board-approved list.

The insurance company appointed by the bank to underwrite the mandatory life and property covers.

A licensed financial institution conducting all or part of its activities in accordance with Islamic Shari'ah provisions.

A licensed financial institution that provides credit as a service and/or product to consumers in any manner.

The customer as lessee who pays the agreed rent (ujrah) for the right to use and benefit from the property.

The bank as owner-lessor of the property under the Ijarah, bearing ownership risks and duties throughout the finance tenure.

Collective regulatory term for all banks, finance companies and other financial institutions that provide mortgage loans.

The lending bank in whose favour the mortgage is registered; issues the mortgage letter and certifies the three mortgage contracts for DLD registration.

The takaful provider in its capacity as investment manager of the Tabarru fund, investing the fund's money under Mudaraba for a share of achieved profits.

Additional takaful providers on FAB's approved panel for home finance life takaful.

Takaful/insurance provider on DIB's and ADCB's panels, mainly for property cover.

Borrower category for those who will live in the financed home; each borrower may claim only one property under this category for LTV purposes.

Official UAE term for persons with disabilities, for whom LFIs must ensure accessible products, branches and ATMs.

The bank as holder of the group takaful policy under which scheme members are covered and to which benefits are paid.

DLD-authorized service-centre offices that process property and mortgage registration transactions for a service fee.

Takaful provider on ADIB, DIB, ADCB and FAB panels for life and property cover.

The customers enrolled in a group takaful scheme, in whose name donations are paid into the Tabarru fund and who are eligible for takaful benefits.

The customer appointed by the bank-owner to perform ownership duties such as arranging takaful cover on the bank's behalf under a service agency agreement.

Takaful provider on ADIB, DIB, ADCB and RAK panels; the designated life takaful provider for Sheikh Zayed Housing Programme customers per CBUAE direction.

The licensed takaful company providing life or property cover for the home finance, selected by the customer from the bank's approved panel.

The customer in whose name the property may be registered during the finance period while the bank retains ownership and the mortgage as security.

CBUAE borrower category for UAE citizens, eligible for higher LTV caps (85%/75% first home, 65% subsequent) and an 8-year income multiple.

Takaful provider serving Ajman Bank, DIB, ADCB and FAB panels; acts as agent and mudarib of the Tabarru fund in Ajman Bank's scheme.