Flip through the latest issue of Gulf Weekly.
Amlak Finance has launched 'Amlak Plus' which offers customers in the UAE improved benefits for higher financing.
Amlak Plus is designed for those with a reasonable level of disposable income to own a larger home.
It offers a unique opportunity for Amlak customers to pay lower monthly rental (Ijarah) in the initial years of their home financing.
Arif Alharmi, chief executive officer, Amlak Finance, said: "We have always spearheaded the market with innovative financing solutions and now we are pleased to launch yet another pioneering product."
For the first five years Amlak Plus will allow customers to pay a 10 per cent lower monthly instalment and as much as one percentage point lower profit rate than normal Ijarah. Over the next five years the new profit rate applied will be the rate prevailing at that point and normal Ijarah monthly payment will apply throughout the rest of the period.
