Bahrain Islamic Bank Announces Its Partnership With Royal Ambassador Property Management

Press release

Published September 3rd, 2018 - 12:05 GMT

During the event

Bahrain Islamic Bank (BisB) has signed a joint venture agreement with Royal Ambassador Property Management, a real estate property management company to provide private financing for potential residents of the Fontana Project; enabling both national and expatriate customers working in the Kingdom of Bahrain, or the GCC to buy residential units the real estate development.

"We are pleased to sign this agreement with Royal Ambassador Property Management, which comes in line with our aim to continue to offer a flexible range of financing solutions to suit our clients' needs and help them invest in their future," said Dalal Al Qais, General Manager of Retail Banking, BisB. “Both Bahraini nationals and residents working in the Kingdom will have the advantage of paying only 5% for their residential unit of choice.”

"This agreement will open doors for Bahrainis, GCC nationals and foreigners who want to own our projects, but liquidity has been an issue in the past. We are confident that this cooperation will receive a positive response and a large number of applicants due to the reduced rates and flexible mortgage years,” said Eman Al Mannai, General Manager of Sales and Business Development, Royal Ambassador Property Management.

For more information, please contact the Bank's Call Center on 17515151 or visit the nearest Bahrain Islamic Bank branch or financial malls or through the official website www.bisb.com

Background Information

Bahrain Islamic Bank

Incorporated in 1979 as the first Islamic bank in the kingdom of Bahrain, and the fourth in the GCC. Bahrain Islamic Bank (BisB) has played a pivotal role in the development of the Islamic banking industry and the Kingdom’s economy. The Bank operates under an Islamic Retail banking licence from the Central Bank of Bahrain and is listed on the Bahrain Bourse.

At the end of 2016, the Bank’s paid up capital was BD 101 million, while total assets stood at BD 1042 million. The Bank’s modern branch network comprises 5 branches, 4 innovative financial malls, and 56 ATMs located throughout the Kingdom. A steadfast focus on continuous innovation, strong corporate governance and risk management, employee development, and the use of state of the art technology to deliver superior customer service, has cemented Bahrain Islamic Bank’s position as the leading Sharia’a – compliant bank in the Kingdom.