The Mohammed bin Rashid Housing Foundation has signed a strategic partnership agreement with Dubai Islamic Bank, aiming to boost housing finance services for citizens in Dubai and streamline access to funding. The initiative is designed to improve the overall quality of life for Emirati residents.

Central to the agreement is the introduction of an integrated electronic link between the foundation and the bank, enabling secure and efficient exchange of documents and financial transactions. This digital platform is expected to increase operational efficiency and speed up service delivery for applicants seeking housing loans.

The signing ceremony brought together Mohammed Al Shehhi, Chief Executive Officer of the foundation, and Dr. Adnan Chilwan, Group Chief Executive Officer at Dubai Islamic Bank. Officials described the deal as a significant step forward in aligning government bodies with financial institutions to ensure that Emiratis have access to reliable, effective housing finance solutions.

"This agreement marks a qualitative leap in developing Dubai’s housing finance system," said Al Shehhi. "We are committed at the foundation to realizing our leadership’s vision by providing flexible and advanced financing options."

Dr. Chilwan echoed these sentiments, stating: "This strategic agreement deepens our longstanding collaboration with the foundation while directly supporting the ambitions of 'Dubai Social Agenda 2033,' particularly its focus on enhancing residential stability for citizens. As the UAE's first Islamic bank, we remain dedicated to contributing to national development by offering innovative, efficient Sharia-compliant financing solutions that make home ownership more accessible for Emirati families."