It is the interest rate charged by banks in the United Arab Emirates for interbank transactions. It is the reference rate commonly used to conduct financial transactions in Dubai and the surrounding Emirates. Many Islamic banks it as a benchmark for determining the rental rates for special leasing agreements.
3m EIBOR
This website provides some EIBOR Emirates Interbank Borrowing Rates http://hala3ammi.wordpress.com
3m EIBOR is 5.10714 For more rates please see http://hala3ammi.wordpress.com
Information on current EIBOR rates can be found at http://www.nbd.com/NBD/NBD_CDA/CDA_Web_pages/Rates_Charges/eibor_rates
The EIBOR rate is the Emirates Interbank Offered Rate The rate is used by many, primarily by Investment and Retail banks, for example, pricing and structuring Interest Rate Derivative products
The Dublin Interbank Offered Rate (DIbOR) was replaced with the Euro Interbank Offered Rate (EIBOR) in 1999. As of the close of business in the United States on Friday, 29 October, 2010, the EIBOR curve is as follows: One-month 0.847% Three-month 1.045% Six-month 1.269% One-year 1.540%
The Ijara contract cannot be discounting. because on the date of the contract you don't agree the profit amount with the customer. Under actual business scenario, you will link the Ijara to a LIBOR / EIBOR rate feeds.
The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to conduct financial transactions in Dubai and the surrounding Emirates. Interbank rates reflect the average of eight banks, excluding the highest and lowest rates provided on a daily basis. United Arab Emirates banks launched a one-week interbank offered rate on Monday, striving to meet demand for a reference rate for short-term liquidity. UAE money market rates have been falling as the central bank and finance ministry of the second-largest Arab economy adopted a series of measures to defrost credit markets, including interest rate cuts and emergency funding facilities for banks. The one-month rate was 2.7875 percent on Monday, down from more than 4.3 percent in December. In December, the central bank said it was starting offering UAE dirham-U.S. dollar swap facilities with maturities ranging from one week to 12 months. (Reporting by Daliah Merzaban; Editing by Inal Ersan) The interest rate charged by banks in the United Arab Emirates for interbank transactions. In most cases, EIBOR is the reference rate most commonly used by borrowers and lenders to conduct financial transactions in Dubai and the surrounding Emirates. Similar to the London Interbank Offered Rate (LIBOR), EIBOR futures contracts are available for trade and there are various EIBOR offered rates depending on the life of the loan.
If you’re thinking of refinancing your home loan in Dubai, it’s smart to check what the top lenders are currently offering — because small differences in interest can save you big money over time. As of early 2026, many banks are marketing refinance or home-buyout rates in the mid-3% to low-4% range (though your exact quote depends on your profile, salary transfer, loan-to-value and bank margin). Typical advertised starting points for refinance deals include around 3.79–3.99% fixed for a few years with options to switch to variable afterwards, depending on EIBOR + margin structures. For context, these refinancing packages are being offered as the UAE banking sector adjusts to recent central bank rate cuts — meaning if your current mortgage is above ~4%, refinancing could lower your monthly cost. To compare all available refinance rates and find the best one tailored to your situation, many expats and homeowners now turn to Prime Rate Hub — a service that consolidates offers from leading banks in the UAE and helps you negotiate better terms.