FAB Partners With Al-Futtaim IKEA On Exclusive Home Furnishing Loans
Faizan Hashmi Published August 03, 2021 | 08:45 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 03rd Aug, 2021) First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has partnered with IKEA, part of Al-Futtaim Group, to offer National Housing Loan (NHL) programme customers specialised personal loans to furnish and decorate their homes.
These personal loans will offer NHL customers a range of benefits, including personalised and private interior design and home furnishing advice as well as low rates and a fast application process.
The partnership agreement was signed by Fahad Al Shaer, Head of FAB Islamic and NHL, and Vinod Jayan, Managing Director – IKEA UAE, Qatar, Egypt and Oman.
Commenting on the partnership, Futoon Al Mazrouei, Acting Head of Consumer Banking, FAB, said, "The NHL programme has been a trusted partner for many years to UAE nationals in Abu Dhabi on their journey to creating a dream home, supporting them on every step from design through to implementation. We are excited to partner with IKEA to enhance the programme further and drive additional value for customers. This product offers an attractive range of financial and practical benefits for customers putting the finishing touches on their homes, and FAB is proud to work alongside customers to pursue their vision of a dream house.
"
Jayan said, "Al-Futtaim IKEA is proud to partner with FAB’s initiative to extend personal home loans for Emiratis in Abu Dhabi, under the Abu Dhabi Housing Authority (ADHA) scheme. With this partnership, we hope to strengthen and improve the confidence of our Emirati customers in choosing IKEA as their home interiors partner. Being in the region for 30 years, the expertise and knowledge gained from our multiple life at home research has helped us in understanding the need and dreams of our local customers, enabling us to create a space that can be used, loved and enjoyed by the whole family.’’ The NHL programme provides UAE Nationals in Abu Dhabi with interest-free housing loans to buy prefabricated homes, build private homes, or expand existing ones. The programme is run by ADHA, where FAB is mandated with managing, disbursement, building management and repayment on behalf of ADHA.
FAB customers can apply through the website: https://www.bankfab.com/en-ae/personal/mortgages/national-housing-loan/ikea-benefits.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago