Bahrain Islamic Bank Provides Financing for Potential Residents of the Janayin Al Hamala Project

Press release
Published August 15th, 2018 - 11:32 GMT
During the event
During the event

Bahrain Islamic Bank (BisB) has recently signed an agreement with Kingdom Properties Real Estate S.P.C. to provide property financing for potential residents of the Janayin Al Hamala Project, enabling Bahraini nationals working in the Kingdom to pay the down payment starting from only 5% of the units that will be selected within Janayin Al Hamala Project, and the Mazaya program as per the Ministry of Housing’s regulation.

"We are pleased to sign this agreement with Kingdom Properties Real Estate S.P.C, which aims to facilitate the purchase of Janayin Al Hamala’s units for potential residents. This comes in line with our aim to continue to offer a flexible range of financing solutions to suit our clients' needs,” said Dalal Al Qais, General Manager of Retail Banking of BisB.

 “Mazaya” is considered one of the Ministry of Housing’s leading initiatives, which was developed in cooperation with the private sector in order to provide suitable housing for citizens. “Mazaya” has witnessed remarkable success as a key social housing finance scheme since its official launch in September 2015. In view of its established partnerships with various banks and real estate development companies, it has allowed citizens and existing applicants for housing schemes to benefit from the program in order to purchase suitable housing units.

For more information, please contact the Bank's Call Center on 17515151 or visit the nearest Bahrain Islamic Bank branch or financial mall 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.

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