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Showing posts from March, 2020

Execution of a Saving Plan

To execute a savings plan regarding a domestic purpose or a commercial purpose, we need to take the services of a bank to open a savings account UAE . Such accounts are available at different banks including investment banks and any other. Some of the wealth management firms and investment banks for future investments are trying to cover the needs and demands of a client on a priority basis that can provide some profit.  First of all, we will discuss the domestic plan through a simple current account. Suppose you are living in a state that is to your homeland like we can take the example of Dubai. Now you have two options, either to get settled by taking the services of a mortgage in Dubai or by paying the rent till your contract ends. If you choose the first one it means you are making a saving plan that is in the best interest of your coming generation. These are two options, now which one is suitable for you is the next question that is frequently asked most of ...

What Expatriates can do to Get a Loan?

If you are an expat in UAE, a lot of things out there which can provide you different kinds of financial opportunities. Like we can take the example of a banking system which is perfectly running following the international standards. On one side we have conventional patterns while on the other side, the Islamic banking system is working attracting the majority of customers. What is the most suitable package is Islamic loan which is a type of loan being provided by Islamic banks following the sharia rules.  This is totally opposite to the traditional system and does not follow the commercial interest rate regulations. It is basically held as an interest-free account that is available for all kinds of customers including local as well as outsiders. There are few important things like profiting via interest on one’s money is not allowed in Islamic banking. What are the other important points that one should need to read before taking any service especially home loan or be...