FAB is a top mortgage lender in Abu Dhabi. Underwriters want 6+ months of statements with salary, obligations, and seasoned down payment all visible.
Convert your FAB statementFAB is one of the top mortgage providers in Abu Dhabi and a primary lender for Reem Island, Saadiyat, and Al Raha Beach off-plan and ready properties. The Central Bank of the UAE caps loan-to-value at 80% for UAE nationals and 75% for expats on first properties below AED 5 million. FAB's underwriting wants 6 or more months of statements to verify income, obligations, and down payment source.
The down payment must season — UAE lenders, including FAB, want the funds to have been in your account for at least 60 days. Recent large deposits without a clear source raise red flags. RERA-registered transactions for off-plan purchases show the developer escrow payments directly in the statement, which underwriters cross-reference against the sales agreement.
FAB issues English-dominant PDFs with DD/MM/YYYY dates. WPS salary credits land monthly with the employer's MoHRE code. Foreign income via SWIFT prints sender BIC and original currency. Multi-currency sub-accounts appear as separate ledgers — useful when the down payment is held in USD and the mortgage will draw in AED.
Existing FAB cards and loans show as recurring debits that count toward debt-burden ratio. The CBUAE 50% DBR cap is hard — exceeding it means rejection unless the new mortgage replaces existing debt. FAB Islamic mortgage files use Murabaha or Ijara terminology and Kashfbank tags them as financing, not interest, on the export.
Pull six months of salary credits, all recurring obligations, the down payment deposit with its source row, and the running balance to prove no balance drop. The underwriter is also looking for absence of returned cheques, gambling merchant codes, and unexplained large outflows.
English-dominant PDF. Dates DD/MM/YYYY. Account summary panel at top (opening balance, total debits/credits, closing balance). Multi-currency lines show original currency + AED equivalent. Every transaction has a unique reference number. Pre-merger FGB or NBAD statement formats may appear in older archives — headers differ but column structure is consistent.
| Label | Meaning |
|---|---|
| POS PURCHASE | Card payment at merchant POS |
| ATM WITHDRAWAL | Cash withdrawal at ATM |
| SALARY TRANSFER | WPS salary credit from employer |
| SWIFT TRANSFER IN | International wire received |
| SWIFT TRANSFER OUT | International wire sent |
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.
Download 6+ months of FAB PDFs
Open FAB Mobile, request statements for the last 6 to 12 months, save the PDFs. Upload to Kashfbank. They merge into one chronological sheet so the underwriter sees a single timeline.
Locate and document the down payment
Filter to large credits. Find the down payment deposit. Identify its source row 60+ days earlier. If the source is a family gift, prepare a gift letter declaring the funds non-repayable.
Calculate your DBR
Sum monthly recurring debits including the proposed new mortgage instalment. Divide by gross salary. Stay under 50%. If you are over, you may need to clear an existing loan or card before the FAB officer files the case.
Export the file
Download the merged CSV. The Date, Description, Debit, Credit, Balance, Category layout gives the FAB underwriter everything visible in one tab. Keep the original PDFs alongside for the RERA and CBUAE source-document requirement.
Common challenges
How does FAB verify my down payment is seasoned?
FAB wants the funds to have been in your account for at least 60 days. The converted statement shows the deposit date and a clean run from that date forward. If the down payment was transferred in recently, you need to source-document the prior account — Kashfbank handles that statement too.
I'm an expat. What is my maximum loan-to-value on my first property?
CBUAE caps expat first-property LTV at 75% for properties under AED 5 million and 65% for properties above. UAE nationals get 80% and 70% respectively. The converted FAB statement helps you confirm you have the corresponding down payment in place and seasoned.
Does FAB Islamic require different documents than conventional FAB?
The underwriting documents are similar. The difference is on the contract side: Murabaha or Ijara structure instead of interest-bearing loan. Kashfbank tags FAB Islamic financing rows accordingly so your existing obligation is booked correctly in your file.
Can I use down payment funds held in a USD sub-account?
Yes, but FAB will convert to AED at the bank's prevailing rate when the mortgage draws. The converted statement shows the USD balance over the seasoning window. Submit both the USD ledger sheet and the AED ledger sheet to the underwriter.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English