DIB offers home finance through Diminishing Musharaka. Six months of statements minimum. CBUAE LTV is 80% for nationals and 75% for expats on the first property below AED 5M.
Convert for home financeDubai Islamic Bank provides home finance through Diminishing Musharaka — a co-ownership structure where the bank's share is gradually purchased by the customer over the term. There is no interest in the conventional sense; the customer pays rent for the bank's share alongside the equity instalments. The CBUAE underwriting framework still applies: six months of statements minimum, DBR capped at 50% of gross income, LTV capped per nationality and property value.
For Sharia-conscious buyers — UAE nationals and Muslim expat professionals — DIB is the first stop. The bilingual statement is FTA-ready and the underwriting team is fluent in both the Islamic finance structure and the standard CBUAE checks. A clean Excel of six months lets you preview every line the underwriter will see.
DIB prints SALARY credits with the MoHRE employer code, Murabaha instalments for any existing personal financing, IJARA PAYMENT rows for existing home finance or vehicle Ijara, and POS spend through the Sharia-compliant card. The underwriter wants to separate finance obligations from discretionary spend. The bilingual description column gives the same row in Arabic and English — both are preserved by Kashfbank.
Down-payment seasoning is the most-asked question. The underwriter wants to see the down-payment funds present in the account for at least 60 days with no large unexplained credit during that window. A gift from family must come with a non-repayable gift letter, and the bank line for the deposit has to match the date on the letter.
Pull six months of WPS salary credits, all existing Murabaha and Ijara obligations, the trace of the down payment from earliest appearance through the offer date, any Wakala investment deposits with their profit credits, the average ending balance, and any large one-off credits that need source documentation.
Bilingual Arabic-English PDF. Dates DD/MM/YYYY. Clean tabular layout: date, description (bilingual), debit, credit, running balance in AED. Product name (e.g., Al Islami Current Account) in header. Supports current and savings account formats. Islamic contract type may appear in transaction description (e.g., Murabaha instalment).
| Label | Meaning |
|---|---|
| POS PURCHASE | Card payment at merchant |
| ATM WITHDRAWAL | Cash withdrawal at ATM |
| SALARY | Monthly salary via WPS |
| MURABAHA INSTALMENT | Monthly repayment for Murabaha finance product |
| IJARA PAYMENT | Lease payment under Islamic Ijara contract |
UAE mortgage applicants must show 6 months of statements; CBUAE's maximum loan-to-value is 80% for UAE nationals and 75% for expatriates for first properties below AED 5M.
Pull six months of DIB statements
Open DIB Mobile and download six monthly PDFs covering the period before your home finance application. Upload them together to Kashfbank — they merge chronologically.
Trace the down payment
Look back at least 60 days from the offer date. Confirm the down payment funds are visible the whole way. Any large credit during that window needs a source — bonus, asset sale, or non-repayable gift letter.
Calculate DBR with the new home finance included
Sum existing Murabaha and Ijara instalments plus the estimated monthly home-finance payment. Divide by gross salary. The total must stay under 50% of gross monthly income. The CBUAE rule applies to Diminishing Musharaka the same as conventional mortgage.
Hand the clean export to your DIB broker
DIB's underwriter wants the bank-issued PDF for the formal application. The Kashfbank Excel is for your broker's pre-submission review — DBR, seasoning, salary continuity. Catching gaps before submission saves a re-request loop.
Common challenges
How is Diminishing Musharaka different from a conventional mortgage for the underwriting review?
The legal structure is a co-ownership rather than a loan, but the CBUAE underwriting rules apply equally — DBR cap at 50%, LTV per nationality, six months of statements minimum. The underwriter reads the same lines from the statement. Kashfbank tags Musharaka rows on existing financings as financing obligations.
I am an expat buying a first property at AED 4M. What is my LTV cap and down payment?
Expats face an LTV cap of 75% on a first property valued below AED 5M, which means a 25% down payment plus the 4% Dubai Land Department fee plus the DIB processing fee, all from seasoned funds in your own account. A second property reduces the cap further.
Does Kashfbank read DIB's bilingual statement correctly for the home finance file?
Yes. DIB prints Arabic and English on the same row, which doubles description width. Kashfbank parses each language independently so neither is lost. The export is a clean single-language read for the underwriter's review.
How does the export prove down-payment seasoning for DIB?
Kashfbank merges six monthly PDFs into one chronological view. Scroll back 60 days from your offer date and confirm the funds are present. Any large credit inside that window needs a source — bonus, asset sale, gift letter. The DIB underwriter will ask.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
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