Featured Articles from our Blog

What happens if you don’t repay loan or credit card dues in UAE?

What happens if you don’t repay loan or credit card dues in UAE? When you avail a personal loan or apply for a credit card in the UAE, the concerned bank will make you sign a blank cheque towards secu...

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12 reasons why Islamic banking and finance are booming globally

12 reasons why Islamic banking and finance are booming globally 1. The global Muslim population has been growing very fast and has long been underserved in terms of Shariah finance. As such, more and...

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How the current Dubai realty boom differs from that of 2003-08

How the current Dubai realty boom differs from that of 2003-08 Dubai witnessed a major boom in its real estate sector between 2003 and 2008. After 4-5 years of unprecedented price increases, the realt...

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Why you should not delay buying a residential unit in Dubai?

Why you should not delay buying a residential unit in Dubai? Many of the expatriates who have been living in the UAE for the last so many years are likely to have invested in residential properties ba...

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How are sukuk different from conventional bonds?

How are sukuk different from conventional bonds? (1) Sukuk (plural of Arabic word sakk meaning certificate) are Islamic bonds, which are asset-based securities. Those who purchase sukuk are rewarded w...

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Why bank lending to SMEs is very low in the UAE?

Why bank lending to SMEs is very low in the UAE? A survey of more than 700 small and medium enterprises (SMEs) conducted in the UAE has shown that 83% of them have no access to bank loans. Similarly,...

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Is it okay for an expatriate who is unfamiliar with the Sharia Law to avail a loan from an Islamic bank?

Is it okay for an expatriate who is unfamiliar with the Sharia Law to avail a loan from an Islamic bank? When someone is planning to avail a loan from a bank to buy an asset, the points he should inva...

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What are the alternative sources of funding for SMEs that find it tough to get bank loans in UAE?

What are the alternative sources of funding for SMEs that find it tough to get bank loans in UAE? In our last article, we explained why bank lending to small and medium enterprises (SMEs) is very low...

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Why inclusion of personal finance management in UAE’s public school curriculum is a step in the right direction?

Why inclusion of personal finance management in UAE’s public school curriculum is a step in the right direction? The UAE Ministry of Education has recently taken a decision to embed financial literacy...

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Customer Speak

"Immediately after applying got about 10-15 calls, banks were competing, so I could get better deal from EIB from their earlier offer"

Janel ***
DNATA

"Applying at Moneygulf.com I received calls from more than 10 banks.. RAK bank, Mashreq bank, DIB, ENBD etc ... Dunia offered immediately, but high rate of interest, decided to take from RAK, late processing but good rate."

Lakmal Att***
Tiger Steel Engineering

"Immediately got call from 6-7 banks, wanted only Islamic Loan, compared offers and finally decided on Sharjah Islamic bank"

Abdul ***
Al Habtoor Leighton Group

"Within one hour received calls from ENBD, Citibank, Dunia, Dunia was fastest for calling and giving offer, chose ENBD for interest rate finally, long time for process"

Mahendra ***
Zabeel International Institute of Management & Technolgy

"After applying recieved many calls, liked the deal from ADIB offered, but not satisfied with service and late response, finally decided to not take loan"

Walid ***
OSN ( Gulf DTH )

"Received multiple calls, liked Citibank offer which did not go through for unknown reason, but finally got from FGB"

Imran ***
Shapoorji Pallonji

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*** Al-Khateeb
Emirates Group

"Only got call from Dunia, maybe because not listed company, high rate"

Farht ****
Le Royal Meridien Abu Dhab

"Got only 2-3 calls, mostly finance companies, best offer was from FGB, took, but still high interest rate"

Gemma ***
Majid-Al-Futtaim

"Was very happy when I recieved calls from 10 banks, because of my liability no offers made, finally took from finance company Dunia"

Siraj ***
Emirates Airline

"Good job Moneygulf, I got calls, but because of my existing loan did not get from desired bank, did not take from Finance company"

Ash**
Azadea Group