Duration for getting a car from Dubai islamic bank

[narmeen.habib]

Hi, i want to know how long does it take to get a car like mira fron dubai islamic bank. The bank representative told me that it takes 10-20 days. But some one else told me it takes about a month. I plan to get the car by the end of this month. Is it possible?

[capsat]

Once the documents are processed ( as in verification of residential address, salary slips from employer ) at the bank normally it takes 15-20 working days, once you get approval from bank you can proceed source the car.

[narmeen.habib]

15—20 days in bank stuff. When will i get the car in my possession?

[capsat]

locate car of your choice at any dealer refer the bank coordinator to the dealer for availability of car, they may work parallel for paper work & payment to dealer for prompt delivery of vehicle.

remember the vehicle will be registered to the Bank with all original papers in their possession and you will get registration book as USER under HIRE/Purchase Agreement.

once you pay off the car bank will issue payment clearance letter and an NOC for transfer of vehicle to your name only. - Only after payment clearance and transfer of vehicle in your name you will be able to sale onwards. cheers - Do share the pictures of choice of color & car. Drive safe stay safe,

[umairalizafar]

For DIB, the car will be in your own name, but you will not get the original book as well as the original file. The bank will provide you with a coloured copy of the original book. Also, one key of the car will be with the bank. Rest is all as capsat mentioned.

[hassan3344]

Apologies for my questions since your answer is quite old. Dubai Islamic Bank claims that the car will be on Client's name. For example on MTMIS portal, it will be written Owner Name: Ali Sajid (with DIB). Please confirm whether it's true or not. I want to keep my car on my name.

[Hassan1991]