Arab Islamic Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Arab Islamic Bank lends directly, and its fixed rate of 4.5% to 9% sits well below the 12.25% typical of the personal loans compared here. It suits salaried applicants in PS who can show documented income and commit a salary transfer, though the $80,000 ceiling will not stretch to very large borrowing.

Key facts

Best for
Salaried borrowers in PS wanting a fixed-rate loan of up to $80,000.
APR
4.5% to 9% (Source, checked September 26, 2026)
Loan amount
$80,000 (Source, checked September 26, 2026)
Term
84 months (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Personal ID, 6-month bank statement, proof of occupation (salary slip or municipal council certificate), salary transfer commitment or suitable guarantee; salary deduction must not exceed 50% (Source, checked September 26, 2026)
Loan types
Personal, Car, Student, Business, Secured (Source, checked September 26, 2026)
Legal entity
Arab Islamic Bank (Source, checked September 26, 2026)
Headquarters
Palestine (Source, checked September 26, 2026)
Founded
1995 (Source, checked September 26, 2026)
Support channels
Phone, Chat (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
aib.ps

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataLinkedInX

Pros and cons

Pros

  • Fixed-rate lending at 4.5% to 9%, well under the 12.25% seen across the personal loans compared here.
  • A term of 84 runs past the 60 term at the upper end of that comparison, so each instalment stays smaller.
  • Direct lending across personal, car and student purposes, with the bank underwriting the application rather than a broker.
  • Borrowing of up to $80,000 through a relationship with a bank founded in 1995 in Palestine.

Cons

  • Support runs on phone and chat only, so there is no other listed route to the bank.
  • Only a fixed rate is offered, with no variable option to move to if the fixed period ends.
  • Eligibility is strict: proof of occupation, a salary transfer commitment or a suitable guarantee, and a cap on the salary deduction.
Arab Islamic Bank

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Scored 9.4 / 10 by BorrowCue.

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Who it suits

  • Salaried applicants in PS who can commit a salary transfer and show proof of occupation.
  • Borrowers who price on rate alone, since 4.5% to 9% sits below the 10% to 23% at Monzo Flex.
  • Borrowers who want fixed-rate lending across personal, car and student purposes from the same bank, rather than the PHP 12 to PHP 36 shown at Cashspace.

Who should look elsewhere

  • Anyone after interest free borrowing, because the rate here is fixed at 4.5% to 9% rather than the 0% shown at Cashspace ES.
  • Applicants who cannot show proof of occupation or commit a salary transfer, since eligibility needs either that or a suitable guarantee, and the cap on the salary deduction narrows who clears the bar.

How Arab Islamic Bank compares

Where Arab Islamic Bank is available

Available
Palestine

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate do I pay on a loan from Arab Islamic Bank?+

Arab Islamic Bank lends at 4.5% to 9%, and that rate is fixed, so the figure holds for the life of the loan. Personal loans compared here run around 12.25% at the median, which puts this lender on the cheaper side. Ask for the rate that applies to your own application, since the offer depends on your profile.

How much can I borrow?+

Borrowing runs to $80,000 on the personal loan, well above the €556.48 typical of the personal loans compared here, and it ranks 42 on amount. The bank also covers personal, car and student lending, so other purposes sit in the same place. Repayment can stretch to 84.

How long is the repayment term?+

The personal loan runs for 84, longer than the 60 term reached by most of the personal lenders on this list. A longer schedule keeps each monthly payment smaller, though the fixed rate still applies across the whole term. Check the instalment for your own amount before applying.

Who can apply?+

Eligibility asks for a personal ID, a bank statement covering a set period, proof of occupation such as a salary slip or a municipal council certificate, and either a salary transfer commitment or a suitable guarantee. The salary deduction is capped, so an existing heavy deduction can stop an application before it starts.

How do I apply, and how do I get hold of the bank?+

Support runs on phone and chat, so those are the listed ways to reach the bank. Applications go through the bank directly, since it is a direct lender, which means you deal with the lender rather than a broker. Expect to hand over your documents and a salary transfer arrangement as part of any application.

What kinds of loan are available?+

The range covers personal, car and student borrowing, all on the same fixed rate structure, so personal, car, student, business and secured needs can be met by the same bank. Because the pricing model is the same across those products, the cost is easier to compare before you settle on a purpose.

Is Arab Islamic Bank a direct lender or a broker?+

It is a direct lender, so the loan comes from Arab Islamic Bank rather than from a panel of lenders, and the 4.5% to 9% range is the bank's own. The bank has been running since 1995 and is based in Palestine, so it is an established local name rather than a new online entrant.

Sources

  • aib.ps checked September 26, 2026

    Backs: Support channels

    “Inside Palestine 1700222000 ... WhatsApp ... Video Chat ... Messenger Chat”

  • aib.ps/content/about-bank checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity

    “Arab Islamic Bank was founded in 1995 and commenced its banking activity in early 1996”

  • aib.ps/content/fund checked September 26, 2026

    Backs: Loan types

    “Goods financing, car financing, education financing, manufacturing (istisna) financing, gold-collateral financing”

  • aib.ps/content/individual-services/15.html checked September 26, 2026

    Backs: APR, Pricing model, Rate type

    “Return rates on financing: fixed murabaha rate 4.5% ... declining murabaha rate 9%”

  • aib.ps/content/individual-services/25.html checked September 26, 2026

    Backs: Loan amount, Eligibility, Lender type, Term

    “Goods financing: financing reaching up to 80,000 dollars”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check, Funding time, Representative example.

Arab Islamic Bank

Arab Islamic Bank

Salaried borrowers in PS wanting a fixed-rate loan of up to $80,000.

9.4/10See alternatives

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