BisB Signs Memorandum of Understanding with Naseej

Press release

Published September 17th, 2023 - 07:33 GMT

BisB Signs Memorandum of Understanding with Naseej

During the event

Bahrain Islamic Bank (BisB), the leading provider of Islamic digital banking services in the Kingdom of Bahrain, signed a Memorandum of Understanding (MoU) with Naseej BSC to provide Bahraini citizens with the opportunity to receive premium mortgage financing coupled with a quick and smooth approval process. The offering is available for customers interested in purchasing properties within Naseej's projects, which include CanalView in Dilmunia Island, Nasayim Arad overlooking Arad Bay, and Basateen Villas in Busaiteen, Al Muharraq.
The signing ceremony took place at BisB's headquarters in the presence of Mr. Jawad Humaidan, Chief Corporate and institutional Banking Officer at BisB, and Mr. Mohammed Al Shaikh, Head of Investments at Naseej in addition to representatives from both entities.
Commenting on the occasion, Mr. Jawad Humaidan, Chief Corporate and institutional Banking Officer at BisB, said: "Our partnership with Naseej reinforces our ongoing commitment to assist our customers in achieving their lifelong dream of homeownership. This initiative will also enhance our range of real estate financing offerings to cater to the diverse requirements of our valued customers."
On his end, Mr. Mohammed Al Shaikh, Head of Investments at Naseej, said: "We are delighted to collaborate with BisB to promote our portfolio of real estate projects, which includes a variety of advanced and integrated options and services suitable for the lifestyle of Bahraini families—promising that this partnership will provide our valued customers with wider options and better services in order to reach their satisfaction and facilitate various and integrated services for them".
Naseej recently participated in BisB's first ever Mortgage Exhibition, which aimed to showcase the Bank's mortgage financing services and the newest housing financing solutions and real estate projects across the Kingdom of Bahrain.
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.