Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) offers a range of Sharia-compliant car finance programmes to meet the needs of salaried employees and business owners, as well as a car finance programme secured by savings products.

ADIB Egypt's car Murabaha programmes offer financing of up to EGP 4.5 million, with repayment periods of up to 120 months and down payments starting from 15% depending on the programme, giving customers looking to buy a car several options to match their needs and ability to repay.

First: Car Murabaha for employees from ADIB Egypt

Features and details:

  • Financing of up to EGP 4.5 million.

  • Financing tenor of up to 120 months.

  • Down payment starting from 15%.

  • Competitive profit rates.

  • Debt burden ratio of 50%.

Eligibility conditions

  • The customer must be between 21 and 60 years old at the end of the financing tenor.

  • The programme is available to Egyptians and resident foreigners.

  • The debt burden ratio must not exceed 50%.

  • Meeting the bank's requirements and approval of the financing application in line with the applicable terms and conditions.

  • Submitting the documents required for the financing.

Required documents

  • Car purchase financing application.

  • Copy of a valid national ID card for Egyptians.

  • Copy of a valid passport or valid residence permit for foreigners.

  • A price quotation for the car from one of the bank's approved car dealers.

  • A certified salary breakdown certificate, or a certified letter from the employer undertaking to transfer the salary or installment.

Second: Car Murabaha secured by savings products

Features and details:

  • Financing of up to 95% of the value of the savings product, capped at EGP 1.5 million.

  • Repayment period of up to 5 years.

  • The savings product must be held with ADIB Egypt.

  • Competitive profit rates under the Murabaha contract.

Eligible customers

  • Egyptians and resident foreigners.

  • The customer must be at least 21 years old.

Required documents

  • Car purchase application.

  • Copy of a valid national ID card for Egyptians.

  • Copy of the passport with a valid residence visa for non-Egyptians.

  • A price quotation for the car from one of the bank's approved car dealers.

Third: Car Murabaha for business owners

Features and details:

  • Financing of up to EGP 2.5 million.

  • Financing tenor of up to 120 months.

  • Minimum down payment of 25%.

  • Competitive profit rates.

  • Income burden ratio of up to 40%.

Eligible customers

  • The programme is available to Egyptians only.

  • The customer must be between 21 and 65 years old at the end of the financing tenor.

Required documents

  • Car purchase financing application.

  • Copy of a valid national ID card.

  • A price quotation for the car from one of the bank's approved car dealers.

  • Bank statement for the previous 6 months.

  • An up-to-date commercial register for business owners.

  • A professional practice licence for self-employed professionals.

Fourth: Car Murabaha – down payment schemes

Features and details:

  • Financing of up to EGP 5 million.

  • Financing tenor of up to 84 months.

  • Minimum down payment: 30%.

  • Competitive profit rates.

  • Debt-to-income burden ratio of up to 35% for employees and 30% for business owners.

Eligible customers

  • Egyptians only.

  • Employees, business owners and self-employed professionals.

  • Age between 21 and 65 at the end of the financing.

Required documents

  • Car purchase financing application.

  • Copy of a valid national ID card for Egyptians.

  • A price quotation for the car from the bank's approved car dealers.