Abu Dhabi Islamic Bank (ADIB), one of the UAE’s leading Islamic financial institutions, has entered into an agreement with the Abu Dhabi Housing Authority (ADHA) to offer top-up home financing options for UAE nationals.
This collaboration underscores a shared commitment to expanding access to affordable housing finance and promoting sustainable community development, in line with the wider social objectives of the Abu Dhabi Government.
Under the agreement, eligible Emirati beneficiaries can apply for additional financing on existing housing loans issued by the ADHA, a scheme backed by the Abu Dhabi Government.
The initiative seeks to enhance government support by providing top-up financing with a 50% profit subsidy, enabling recipients to upgrade or adapt their homes to better suit evolving family requirements and lifestyle goals.
The signing ceremony was attended by Hamad Hareb Al Muhairi, Director General of the Abu Dhabi Housing Authority, and Mohamed Abdelbary, Group Chief Executive Officer of ADIB.
As part of the arrangement, citizens with ADHA housing loans for the purchase or construction of a home, and a monthly income above AED 30,000, will be eligible for additional financing of up to AED 500,000.
