Sakana, the newly launched home finance company, has opened a new outlet at the BBK Financial Mall in Budaiya in response to the growing interest from property buyers in the company’s financial services.
The Customer Outlet – following the opening of its Customer Centre in Manama - extends Sakana’s geographical presence in Bahrain, making it even more convenient for prospective property buyers to access advice from Sakana about its range of mortgages and services . This latest development is enabled through Sakana’s close ties with its shareholder partner, BBK - Sakana was established in 2006 through a joint venture between BBK and Shamil Bank.
R, Lakshmanan, Sakana’s Chief Executive Officer, said:
“We’ve had an excellent response from the public since we launched Sakana in December, and our presence in the BBK Financial Mall brings us closer to the many Bahrainis and expatriates living in the developing Budaiya and Sar areas who may be interested in our mortgage and other financial services. This is the first step in our aim to have a spread of Customer Outlets across the Kingdom.”
“We are pioneering a holistic approach to providing housing solutions through forging strong partnership alliances. Our partnership with BBK underlines the many benefits that our synergies with partners can provide customers - and on top of the financial security that our partnership with BBK brings, our outlet in the BBK Financial Mall brings the benefit of convenience to the residents of the Budaiya and Sar areas.”
“As part of this holistic approach Sakana aims to be a hub for a network of housing related service providers and we are currently at an advanced stage of discussion with several leading developers in the Kingdom to provide land and property finance for their prospective customers.”
“Sakana is founded on the guiding principles of Islamic Sharia’a with the aim of helping to make home ownership more widely available in the Kingdom of Bahrain for Bahrainis, GCC nationals and expatriates. In order to make home ownership affordable as accessible as possible Sakana is the first in the region to introduce a 30-year finance term along with financing for up to 90% of property value. Furthermore, our finance extends to non-residents – even those outside the GCC.”
Sakana’s multi-skilled competencies ensure a flexible approach to the provision of services for a range of potential clients that include both residents and non-residents as well as corporate clients, with a broad offer that includes financing solutions for purchase, construction, refinance, equity release, improvement or extension of a home, or even the purchase of land.
The first branch of Sakana can be found conveniently located for easy access in Manama on the Ground Floor, Car Park Building close to Bab Al Bahrain. For the convenience of customers, the opening hours for the Budaiya branch will be from 8 am to 1 pm and 4 pm to 6 pm from Saturday to
About Sakana Holistic Housing Solutions
Sakana Holistic Housing Solutions BSC © extends a unique range of Shariah compliant products and services that enable and ease the process of home ownership in the Kingdom of Bahrain. The company offers a unique mortgage financing model as well as access to a network of partners offering housing related services such as architects and real estate companies.
Underpinned by values of spirituality, Sakana works in partnership with its customers and its value networks to create quality and innovative housing solutions that are customized to address specific and market needs.
Sakana is a 50:50 joint venture between Bank of Bahrain and Kuwait (BBK) and Shamil Bank. The Board of Sakana Holistic Housing Solutions comprises five members with two representatives each from Shamil Bank and BBK and one independent director.
