Dubai Bank refunds ‘overpaid’ service charges to Skycourts customers

Dubai Bank sent a letter to Skycourts unit owners financed by the bank, informing them about their intention of partial fee refund consistent with the principles of Shariah. According to a detailed review of the service fees paid against the financed unit with Dubai Bank, a resolution for additional benefit to Skycourts customers was made. The fee refunded takes into account the period from the moment the bank took the possession of the unit from the developer until the moment when a notice of delivery was sent to the customer by the bank.

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