Islamic Commercial Bank

DIB Car Loan Calculator

Part of PakFinHub's DIB coverage — Islamic car financing structure and rates.

• Musharaka cum Ijarah
• Up to Rs 3M
• 15% Min. Down Payment

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

People searching "Dubai Islamic Bank car loan" are usually looking for what DIB calls Auto Finance — a Shari'a-compliant product structured under a Musharaka cum Ijarah model rather than a conventional interest-bearing loan. The bank and customer jointly own the vehicle, and the customer pays rental, not interest, on the bank's share until full ownership transfers. The mechanics work like this.

Dubai Islamic Bank Auto Finance at a Glance

Structure

Musharaka cum Ijarah

Financing

Up to 70%–85% of car value

Financing Range

Rs. 100,000 – 3,000,000

Tenure

1 – 5 years

The minimum customer contribution (down payment) is 15% of the car's value. Both new and used vehicles are eligible, including imported/reconditioned cars — used cars up to 9 years old can still be financed. DIB also offers an "Advance Booking" plan (no monthly rentals due before delivery) alongside standard "Ready Delivery" financing, and supports income clubbing (combining a co-applicant's income) for eligibility.

DIB's minimum monthly net income requirement is Rs. 25,000, with a minimum work tenure of 3 months for salaried applicants, 6 months for SEPs, and 12 months for SEBs.

Structure, financing limits, down payment, eligibility, and tenure confirmed directly from DIBPL's official Auto Finance product page (dibpak.com/index.php/consumer-finance/auto-finance/). Note: DIB's own FAQ section on that page separately states a "Rs 100K – Rs 5 million" financing range and a "7 years" maximum tenure, which conflicts with the figures in its main Financing Amount and Flexibility sections shown above — we've used the primary product-detail figures rather than the FAQ's, and flag the discrepancy here since it appears to be an inconsistency on DIB's own page rather than ours to resolve. Confirm the current figure directly with DIB before relying on it for a specific application.

How the Rental Rate Works

Because this is Ijarah (leasing), DIB doesn't charge "interest" — it charges rental for use of its ownership share in the vehicle. That rental rate is benchmarked to KIBOR and adjusts annually or semi-annually as KIBOR moves, rather than staying fixed for the full tenure. DIB's own official disclaimer on its financing calculators notes explicitly that any indicative monthly rental shown is illustrative only and subject to Credit Committee approval, and that the rent may vary with KIBOR movement.

KIBOR-linked rental adjustment confirmed from DIBPL's official Auto Finance page and official website disclaimer text.

Current Campaign: Jetour Auto Finance

DIB is running a co-branded promotional campaign for Jetour vehicles with fixed promotional rates by tenor, rather than the standard KIBOR-linked rental described above. As advertised by DIB, the campaign offers:

Source: DIB Pakistan's official Jetour Auto Finance campaign promotional material. This is a limited-time, brand-specific offer rather than DIB's standard Auto Finance pricing — confirm current campaign terms, eligibility, and expiry directly with DIB before relying on these rates for a specific application.

Other Fixed-Rate Promotions (Not Currently Confirmed Active)

Jetour isn't the only fixed-rate promotion DIB has run against its standard KIBOR-linked Auto Finance — DIB has periodically offered brand-specific and general fixed-rate campaigns at different rates over time, including a partnership with Sazgar Engineering (fixed profit rate of 14.7%, reported October 2024) and standalone fixed-rate offers advertised on its own social channels at various points. We're not listing these as current, live rates here, since we can't confirm any of them are still running today — DIB's promotional rate changes often and isn't reliably archived. If a fixed rate matters more to you than the standard KIBOR-linked structure, check DIB's official Facebook/Instagram pages or ask a branch what's currently active before assuming last year's promotion still stands.

Source: Auto Power (autopower.com.pk), "Dubai Islamic Bank Partners with Sazgar Engineering for Affordable Auto Finance Solutions," October 2024; DIB Pakistan's official social media posts advertising other fixed-rate campaigns at various dates.

Auto Finance Calculator — New & Used Vehicle

DIB's own official calculators (on dibpak.com) separate New Vehicle and Used Vehicle finance tools, but both run on the same customer-share, bank-finance, and rental structure — DIB doesn't publish a different rate or down-payment rule for new versus used cars, only a maximum used-car age of 9 years. Use this calculator for either, and enter your own estimated rate:

This calculator uses a standard reducing-balance estimation formula, matching the conceptual inputs/outputs of DIB's own official calculator (customer share, bank finance, monthly rental) without copying its code. It excludes Takaful and processing charges. DIB's actual approved rental rate and financing decision depend on Credit Committee approval — this tool is for your own planning only, not a financing offer.

Customer Share vs Bank Finance

"Customer share" is DIB's term for your down payment — the portion of the vehicle you own outright from day one under the Musharaka structure. "Bank finance" is DIB's ownership share, which you pay rental on until it diminishes to zero. The minimum customer share is 15% of the vehicle's price, meaning DIB's maximum financing share is 85% — though DIB's Auto Finance page separately states financing "up to 70%" in its main financing-amount section, which is why we show a 70%–85% range in the facts above rather than a single figure; confirm your specific case's maximum with DIB.

Monthly Rental & Residual Amount

Your monthly rental is calculated on DIB's outstanding (bank) share of the vehicle, not the full price — which is why a larger down payment lowers your monthly payment more than proportionally. Because the rental rate is KIBOR-linked rather than fixed, DIB's calculator output is explicitly labelled indicative: the figure it shows you today can differ from what you're actually approved for once KIBOR moves or Credit Committee review is complete.

KIBOR & Takaful

Two variables sit outside this calculator and outside DIB's own indicative figures: KIBOR, the benchmark rate DIB's rental is pegged to (it resets periodically, so your rental can rise or fall over the tenure even after approval), and Takaful, DIB's Islamic insurance requirement on the financed vehicle, priced separately by the Takaful company and added on top of the rental shown here.

Calculator Limitations

This tool is a planning estimate, not DIB's actual calculator and not a financing offer. It doesn't include Takaful, tracker fees, or processing charges; it assumes a level reducing-balance rental rather than DIB's exact internal formula; and it can't reflect your specific risk profile or Credit Committee decision. Use DIB's own official calculator on dibpak.com, or apply directly, for a figure you can rely on.

Sharia Compliance

DIB's Auto Finance structure was formally reviewed and approved by Dr. Hussain Hamed Hassan, Sharia Advisor to Dubai Islamic Bank's Fatwa & Sharia Supervisory Board, in a letter dated 6 March 2007 addressed to the State Bank of Pakistan's Islamic Banking Department. The approval covers the Shirkat-ul-Milk (Musharaka) and Ijara-based structure and confirms compliance for the seven underlying contracts that make up the transaction: the Undertaking to Lease, Musharaka Agreement, Title Agency Agreement, Lease Agreement, Service Agency Agreement, Purchase Undertaking, and Sale Undertaking.

Source: Dubai Islamic Bank Fatwa & Sharia Supervisory Board letter to SBP's Islamic Banking Department, dated 6 March 2007, signed by Dr. Hussain Hamed Hassan. This letter is nearly two decades old; DIB's live Auto Finance page still names Musharaka cum Ijarah as the current structure, but for a current, product-specific fatwa document, confirm directly with DIB.

Documents You'll Need

• Primary applicant's CNIC (and co-applicant's, if income clubbing)
• Latest salary slip or income proof
• Bank certificate, where applicable
• Processing fee, payable once the application is approved

Document checklist confirmed from DIBPL's official Auto Finance product page.

Roshan Apni Car — for Overseas Pakistanis

Non-Resident Pakistanis with a Roshan Digital Account can access a dedicated variant of this product called Roshan Apni Car, financing a vehicle in Pakistan for a family member, with remittances funding the transaction through the RDA. See our Roshan Digital Account page for the broader RDA picture.

Car Loan Calculator FAQs

Official Sources & Last Verified

Structure, eligibility, and calculator disclaimer text were checked directly against DIB Pakistan's official Auto Finance product page and calculator disclaimer on dibpak.com. Last verified: August 22, 2026. Financing amounts, KIBOR-linked rates, and campaign terms change; treat dibpak.com and a DIB branch as the source of truth before applying.

Good For

• Understanding DIB's Islamic Ijarah car financing structure before you compare it to a conventional car loan
• Estimating your down payment and eligible financing amount
• Knowing that the rental rate moves with KIBOR, not fixed for the full tenure
• Overseas Pakistanis exploring Roshan Apni Car

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For independent verification, see State Bank of Pakistan, SECP.