BisB Launches Exclusive Offers for Hamala Lands Project

Bahrain Islamic Bank (BisB), the leading provider of digital banking services in the Kingdom of Bahrain, has signed a partnership agreement with Effects Real Estate to introduce exclusive offerings for customers keen on investing in land plots at the Hamala project.
The agreement will enable BisB customers to benefit from complimentary notarization services and a generous grace period of up to 3 months from the financing date to the first installment date. Customers reserving directly through the Bank will enjoy special pricing on the Hamala project, along with a BD 200 gift voucher upon completing their booking and registration.
The Hamala Lands project features 50 land plots situated in the prestigious Hamala area, boasting spaces ranging from 160 sqm to 391 sqm, with prices commencing at BD 49,000. Notably, this project is classified as a Connected Residential Area A (RHA) with fully developed infrastructure and available deeds.
Ms. Fatema AlAlawi, Chief Retail Banking Officer at BisB, expressed, "Our collaboration with Effects Real Estate underscores our commitment to offering customers streamlined financial solutions for real estate products. We strive to enhance our roster of partnerships with leading real estate developers to provide comprehensive solutions. BisB continues to present exclusive opportunities for customers interested in investing in Effects Real Estate properties, thereby enhancing and simplifying their banking experience and enabling access to a range of services."
On his end, Mr. Anwar Asaad, CEO at Effects Real Estate Company, said: “the next stage will witness a greater expansion in the level of cooperation between Effects Real Estate Company and Bahrain Islamic Bank, which constitutes good opportunities for those searching for real estate, benefiting from financing services, and creating diversity in options for the citizen, in terms of area and type. Housing, and its geographical location, in a way that suits the needs of citizens, and what distinguishes these housing plots is their availability in different areas required by customers and with front facades of up to 15 meters, which makes them the best option with competitive prices accessible to everyone.

Mr. Asaad added that the signing of this agreement coincides with the launch of the Ministry of Housing and Urban Planning, the third edition of the Housing Finance Exhibition on February 8, in implementation of the directives of the wise leadership to hold events and exhibitions to introduce the financing program. It is an appropriate opportunity, as we at Effect Real Estate and Bahrain Islamic Bank are participating and present throughout the days of the exhibition. To provide the public with the opportunity to visit our platforms to take advantage of real estate and financing opportunities and our exclusive offers at the exhibition from February 8 to 17 of this month at City Center Bahrain. "
BisB offers a comprehensive range of banking solutions through its network of 8 branches, in addition to its digital services available on its mobile application and website. The Bank’s various innovative and simplified financial products and services aim to meet the needs of its customer base, providing them with an unparalleled banking experience across all platforms.