DBH Islamic ensures meticulous compliance of the guidelines of the Bangladesh Bank as well  as DBH’s independent Shari’ah Supervisory Committee formed with the country’s leading Shari’ah Scholars for its Shari’ah-based financing. All the products of DBH Islamic Financing have duly been approved by DBH Shari’ah Supervisory Committee and Bangladesh Bank. We are committed to providing the best-in-class services to our valued clientele with the most innovative and Shari’ah-compliant products and services.

DBH Islamic Home Financing may be up-to maximum 80% of the total purchase price of an apartment/construction/extension cost of a house/property and 70% in case of plot purchasing.

Subject to the maximum financing limit, your repayment capacity as assessed by DBH Islamic will determine the financing amount. Repayment capacity is determined by the factors such as your income, age, qualification, number of dependents,  spouse’s  income,  assets,  liabilities,  stability  and continuity of occupation, savings history etc. While providing Islamic Home Financing, DBH wants to ensure that you can comfortably and regularly repay the EMI.

You can apply for Islamic Home Financing at DBH any time after you have decided to buy/construct/extend an Apartment, Home, Housing Plot (even if the property has not been selected or the construction has not yet been started).

Please complete the prescribed Application Form and submit it along with supporting documents. On receipt of the completed Application Form including the applicable processing fees, DBH Islamic will process your application, make such enquiries as it deems necessary and convey its decision to you at the earliest.

You will pay at actual processing fees only at the time of application. This fee is in respect of cost incurred to the processing of the application. If the IHF facility is not sanctioned for any reason except concealment or misrepresentation of facts, then the processing fee is refundable. If the IHF facility is sanctioned as requested, but you decide not to avail the facility, then the processing fees will not be refundable.

Upon successful sanction of IHF facility, Documentation Fee is payable in respect of cost related to vetting of title of ownership of the property to be financed, preparing the legal documents, stamp duties etc.

Please contact any of the DBH offices for the processing fee and Documentation fee currently applicable to avail Islamic Home Financing.

Please note that the payment of all fees must be made through “A/C payee” cheques in favor of DBH Finance PLC. The Fees are subject to 15% VAT.

You can take IHF facility for maximum 25 years, but it will normally not exceed your retirement age or 65 years of age.

Joint owners of the property proposed to be mortgaged against DBH IHF will have to be co-applicants. However, your spouse needs to be the co-applicant to IHF, even he/she is not the co-owner of the property.

You will repay DBH IHF on a regular monthly basis, through Equated Monthly Installments (EMI). EMI comprises of both rent and principal amount of IHF and you will commence the payment of EMI from the following month in which you draw down the entire financed amount.

If you are approved to draw down IHF facility in phase(s) and/or in full (in case of gestation period for under construction apartment/property etc. till it becomes usable), then you will pay profit during the gestation period (PGP) on the partly/ fully drawn financed amount which will be either added up with your EMI and will be recovered once EMI commenced or you can repay the PGP amount in one go at the end of the gestation period.

Please contact at any of the DBH Offices or visit our website for RoR currently applicable for DBH Islamic Home Financing (IHF).

RoR on DBH IHF is calculated using Reducing Balance Method.

We offer both adjustable and fixed rental rate under Islamic Home Financing schemes as approved by DBH Shari’ah Supervisory Committee. Under Adjustable Rate Islamic Home Financing (ARIHF) scheme, depending on the change in money market conditions DBH Islamic reserves the right to vary the RoR both upward and downward prospectively from time to time under intimation to the Clients. In case of Fixed Rate Islamic Home Financing (FRIHF) scheme, the RoR remains the same throughout the financing tenure.

You can draw down the financing after satisfactory work-in-progress, completion of all legal documentation and after full investment of your own contribution.

You can draw down the financing in full or in installments/phases taking into account the requirement of funds and progress of construction, as assessed by DBH Islamic. You are advised to enter into agreement with the developer whereby payment is dependent upon the progress of work and not on a time-based schedule.

In case you are buying ready apartment or completed house, you can draw down the financing in one go, subject to fulfilling the conditions of approval.

Security for the financing is the first mortgage to DBH of the property to be financed and/or interim/alternate/additional security acceptable to DBH as collateral.

Yes, you can repay the outstanding financing ahead of schedule, either in part or in full. There is no early settlement fees execpt other cost related to early payment at actual.

It is advisable that the property is duly and properly insured under Islamic Insurance for fire, earthquake and other appropriate hazards, as required by DBH Islamic, during the term of the financing and to produce evidence thereof to DBH Islamic, each year and/or whenever called upon to do so.

All kinds of payments for fees, charges, profits and EMIs should be made by MICR Cheque, marked "A/C Payee Only" drawn on an online bank, by electronic fund transfer, by pay order or by demand draft drawn in favour of "DBH Finance PLC".

Yes, these rules may be reviewed periodically.

Yes, DBH Islamic can assist you in selection of your property in Dhaka, Chattogram and other cities through Property Counseling Services, which is now provided free of cost.

Yes, Non-resident Bangladeshi or Bangladeshi with foreign passports can avail Islamic Home Financing from DBH subject to the rules and regulations of Bangladesh Bank and Bangladesh Government.