Welcome to our FAQs page, where we aim to address common queries and provide insightful answers to help you make informed decisions. At Arkan, we understand the significance of your homeownership journey, and we strive to ensure a seamless and stress-free experience throughout the process.
Arkan provides personalized mortgage solutions tailored to your financial goals. Our team of experienced mortgage consultants offers expert advice, access to exclusive low-documentation offers, and a seamless application process, saving you time and effort.
Arkan has established strong relationships with a wide network of lenders in the UAE. We negotiate on your behalf to secure the most competitive mortgage rates available based on your financial profile.
While a low credit score may present challenges, Arkan works with various lenders who consider a range of factors beyond just the credit score. We strive to find suitable solutions for clients with different credit histories.
Yes, Islamic finance can be utilized for both residential and commercial properties. Arkan offers Islamic finance options tailored to your specific property needs.
The profit-sharing terms are typically structured based on the principles of fairness and mutual consent. While not directly negotiable like interest rates in conventional finance, we strive to find Islamic finance solutions that align with your requirements.
While having a local bank account can be helpful, it is not always a strict requirement. Arkan can assist you in exploring options based on your individual circumstances.
Arkan values transparency, and we strive to provide a clear breakdown of all applicable fees and charges during the mortgage application process. We ensure you have a comprehensive understanding of the costs involved.
Non-resident clients typically need to provide documents such as passport copies, proof of income, bank statements, and property details. Additional requirements may apply based on the lender’s criteria.
Yes, equity release funds can be used for various purposes, including financing other investments, home improvements, education expenses, or debt consolidation.
The terms and conditions for early repayment may vary depending on the specific home finance agreement. Arkan can provide you with a clear understanding of any potential penalties associated with early repayment.
A highly experienced and astute banker, Faisal Galadari most recently served as CEO of Al Masraf, an Arab Bank for Investment & Foreign Trade in Abu Dhabi, United Arab Emirates. He has more than 40 years of top management experience with prestigious financial institutions in the region, in both consumer and commercial banking. He currently hold board positions with Noor Capital P.J.S.C. Abu Dhabi, Ajman Bank P.J.S.C., Vault Pay to name a few. Backed by rich expertise in banking and smart business sense, Faisal has a keen awareness of client demands and knows how to find effective solutions.
A prominent UAE national banker and businessman, his experience includes senior management stints at National Bank of Umm Al Qawain, Indosuez Bank, Dubai Police and most importantly, Member of the Federal National Council of UAE among other positions. His businesses include real estate, Emirates Tennis Academy, Coffeeshops and Financial investments. He is also an avid sportsman, especially in volleyball and tennis. From 2016 onwards, he has been the Vice-President of the UAE Tennis Federation.
Farrukh has over 30 years experience across the Middle East and Emerging Markets at Senior Manager level in Corporate Banking, Treasury Services and Trade Finance with leading organisations including FAB, JPMorgan and Falcon Group. Farrukh is extremely well known across the entire region after building successful international franchises. His deep industry skills and market knowledge coupled with exceptional client contacts make Farrukh a very valuable colleague and a key adviser to the Board.
Maheshkumar’s 33-year dedication to banking shines as a beacon of expertise. Starting with 14 impactful years at HSBC India, followed by pivotal roles at Emirates NBD and Commercial Bank of Dubai (12 years), Mahesh’s journey is one of commitment.
His mastery spans transformational project management, quality assurance, process improvement, and distribution strategy, cultivated over 15 years. His visionary leadership brings transformative changes to institutions.
Beyond operations, Mahesh crafts award-winning submissions for over 15 years, cementing excellence. Notable accolades include DQA 2005 for Emirates NBD and SKEA Gold 2010, DQA Gold 2007, SEEA 2012, EMEA Finance Best Local Bank 2018 for Commercial Bank of Dubai.
Our Mortgage team is headed by Mursalin Memon, Vice President Mortgages, who has over 18 years of experience in Mortgage sales, most of which with UAE banks.
He leads a team of experienced Mortgage Sales Managers who have hands-on experience and extensive knowledge about the real estate business and Mortgage norms in the UAE.
Mursalin can be contacted at:
Email: mursalin@arkanfinancing.com
Mobile: +97154 3543743
Yousif has over 20 years of banking and financial industry experience. He has in-depth expertise in working capital, commercial assets, wealth management and retail banking. In addition to working with clients in these sectors, he has also worked with clients in manufacturing, contracting, real estate and retail. Yousif has worked in a variety of senior management roles for both international and local banks. He graduated from Lebanese American University with a bachelor’s degree. He is a native of the UAE and speaks Arabic, English, Hindi and Urdu well.
A prominent UAE national banker, Ahmed Bin Braik ranks amongst the senior most finance professionals in the GCC and MENA region. His experience includes leading Citibank NA in UAE and Oman. Most recently, he retired from Majid Al Futtaim Holding as Deputy CEO. Ahmed was also the founder member of DIFC and Dubai Economic Council and held Board positions in Bank Islam Malaysia, Mastercard Middle East, Emirates Institute of Banking and Financial Studies and Al Masraf Bank. He is currently a member of the Government Grievances and Appeals Committee of the UAE Central Bank.
