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ADIB inaugurates UAE’s first long-term, fixed-rate home finance

Abu Dhabi Islamic Bank (ADIB) has launched Istiqrar as the first long-term and fixed-rate home finance in the UAE, according to a press release.

Istiqrar aims to improve customers’ lives through steady and fixed monthly payments during the payment period, contrary to floating-rate home financing.

ADIB elaborated that the rates of the new offering start from 4.89% for five years and can reach up to 20 years.

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