Financial Terms Starting With H

Insurance that pays or reimburses eligible healthcare expenses according to the policy, network, benefits, limits, co-payments, deductibles and exclusions. Mandatory health-insurance requirements can differ by emirate and employment situation.

The Central Bank body that issues standards and guidance supporting consistency in Shari'ah governance for Islamic financial institutions in the UAE. Islamic institutions also operate internal Shari'ah supervision arrangements under the applicable framework.

Also known as

HSA

Insurance for eligible household belongings against specified risks such as fire, theft or accidental damage, depending on the policy. It is different from building insurance, which protects the physical structure.

Insurance designed to protect a home, its contents or both against covered risks. Mortgage customers should check whether the lender requires building insurance and whether contents cover is optional.

Long-term finance secured against residential property. UAE mortgage lending is subject to CBUAE rules on matters including Loan-to-Value, Debt Burden Ratio and maximum tenor, alongside the lender's own credit and property requirements.

The doctors, clinics, hospitals and other healthcare providers contracted under a health-insurance plan. Using an out-of-network provider can change the level of coverage, reimbursement or co-payment.