Easy rider.
If you are looking for a bank that doesn't provide or specify the life insurance product, then, I would suggest UAB . United Arab Bank. They currently offer 3.99% with a fixed period of 3years and then returns to around 6% .UAB will accept your current life insurance policy or if you want to shop around try Zurich life, Salama etc. The good thing about UAB is that they offer no early payment penalty. So after 3 years if some other bank is offering a better rate you can always move. The other good point is that as they are reasonably small, they can usually vary the DBR ( dept Burden ratio) usually 50% of your income , to a higher limit based on your company profile (eekaa) .The negative point about UAB is the 1 % processing fee.
If you don't have any other mortgages in UAE. And basically looking for. Fixed installment amount based on 4.45% for the whole tenure without processing ,fees, including life insurance cover, and no penalty after three years . Then have a look at Abu dhabi Islamic bank. (ADIB) It seems to good to be true.
Couple points to look at
1 you need to get your salary transferred to the bank for Ltv of 85%
2. The monthly installments are fixed , however if the Eibor moves out of the band that they have offered this product , then your tenure is extended. So you know that you payments are fixed, but the EIBOR extends the life of the mortgage
ADIB are a fairly new player so have come out with a fairly innovative product.
I'm sure other banks will follow
Regards
BM