BisB Signs Memorandum of Understanding with Era Real Estate

Press release

Published October 19th, 2023 - 10:41 GMT

BisB Signs Memorandum of Understanding with Era Real Estate

During the event

Bahrain Islamic Bank (BisB), the leading provider of Islamic digital banking services in the Kingdom of Bahrain, has signed a Memorandum of Understanding (MoU) with Era Real Estate to provide citizens with the opportunity to receive exceptional real estate financing and exclusive offers on real estate housing as part of Khudur Homes located in Diyar Al Muharraq.
The signing ceremony took place at BisB’s headquarters in the presence of Ms. Fatema AlAlawi, Chief Retail Banking Officer at BisB, and Mr. Abdulhusain Khudhur, Managing Director of Era Real Estate, in addition to a number of representatives from both entities.
Commenting on the occasion, Ms. Fatema AlAlawi, Chief Retail Banking Officer at BisB, said: "Our partnership with Era Real Estate supports our ongoing efforts to deliver mortgage financing through a quick and seamless approval process for customers looking to purchase a property at Khudur Homes. At BisB, we strive to meet all of our customers' needs as we continue our resilient efforts to help them own their dream home."
On his end, Mr. Abdulhusain Khudhur, Managing Director of Era Real Estate, said: "We are pleased to be collaborating with BisB and look forward to equipping its customers with housing opportunities from Diyar Al Muharraq's Khudur Homes. The project includes properties constructed in line with a modern and luxurious lifestyle. We are certain that this partnership will give customers diverse options and comprehensive services that meet both their needs and expectations."
Era Real Estate is one of the leading real estate development companies in the Kingdom. Its partnership with BisB will offer financing solutions at exceptional interest rates for all customers interested in purchasing a property at Khudur Homes. The housing project consists of modern, sustainable housing units in line with the highest quality standards and sizes suitable for Bahraini families.
For more information, kindly contact the Bank's Call Center at 17515151, follow the Bank's Instagram page @Bahrainislamicbank, or visit the Bahrain Islamic Bank website https://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.