Al Baraka Islamic Bank Completes its First Handover in the “Danat Al Baraka’s” Project

Press release
Published June 17th, 2021 - 05:25 GMT
Al Baraka Islamic Bank Completes its First Handover in the “Danat Al Baraka’s” Project
Al Baraka Islamic Bank
Highlights
l Baraka Islamic Bank (AIB), announced the successful handover of the first villa in the “Danat Al Baraka” project, located in Jannusan.

Al Baraka Islamic Bank (AIB), announced the successful handover of the first villa in the “Danat Al Baraka” project, located in Jannusan.

This comes following the Bank’s announcement of exclusive financing offers under the Mazaya program, in cooperation with the Eskan Bank and the Ministry of Housing, to provide housing solutions that are designed to meet the needs of Bahraini citizens.

On this occasion, Ms. Fatema AlAlawi Head of Retail Banking at Al Baraka Islamic Bank commented: “We are thrilled beyond words to be able to fulfil our part in meeting the residential needs of citizens and contributing to the development process, through the launch of holistic housing solutions that aims to raise the standards of living.”

“Thanks to the speed and efficiency of the financing procedures at our bank, we were able to successfully complete the handover of first house in the Danat Al Baraka’s project in record time.

This reflects the endeavors and relentless efforts of our team to develop the quality of services provided to meet the needs of our esteemed customers, while ensuring that their banking transactions are completed efficiently and effectively. Moreover, I would like to also extent my thanks to the Ministry of Housing and Eskan Bank for their cooperation and speedy process that helped us deliver these high-quality services.” 

The Danat Al Baraka project includes 211 modern villas with four different contemporary designs, each consisting of two floors with 4 rooms, a spacious hall, a kitchen and annex for a domestic worker, and a garage consisting of two parking spaces. The project is built on a land of 73,514 square meters in Janusan. The project is considered the fifth in a series “Danat” projects, which includes: “Danat Al Madina”, “Danat Al Riffa”, “Danat Al Seef” and “Danat Al Lawzi”.

Since its establishment in 1984 in the Kingdom of Bahrain, the Al Baraka Islamic Bank B.S.C. – Bahrain has set a longstanding track record of delivering excellence, innovation and superior results. The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supported by its sound financial solutions.

For any further information, kindly visit our website at www.albaraka.bh.
 

Background Information

AlBaraka Islamic Bank

Al Baraka Islamic Bank (“AIB” or “the Bank”) is one of leading financial institutions in the Islamic banking sector. Throughout its history of more than three decades (since its establishment in 1984), the Bank has played a prominent role in building the infrastructure of the Islamic finance industry. The Bank also played a significant role in promoting the Islamic finance industry and publicizing its merits. The Bank enjoys a good reputation and high standing with the community in the Kingdom of Bahrain in particular, and in the GCC, Arab and Islamic worlds in general.

 

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