Manama: Bahrain Islamic Bank (BisB) has signed a partnership agreement with Al Namal Contracting and Trading to provide exclusive financing offers for customers looking to purchase a property at “Al Rayyan Villas” in Jannusan Which was invested and developed by AL NAMALAL. This initiative underscores the Bank’s efforts to deliver exceptional real estate offers that meet the needs of beneficiaries under Mazaya and Tas’heel social housing schemes.
This collaboration follows a series of partnerships recently conducted by BisB alongside a number of real estate developers with the aim of supporting the government’s directives for the national housing program.
As part of the agreement, the Bank will extend competitive prices to potential buyers of “Al Rayyan villas”, as well as offer them free fire insurance. Upon purchasing one of the villas in the project, customers will also receive BD500 provided by Al Namal Real Estate in cash or as a gift voucher.
“In line with the Kingdom’s Economic Vision that positions the private sector as a key driver of economic growth and development, the Bank strives to contribute to the housing program by supporting Mazaya and Tas’heel beneficiaries in finding suitable housing options with competitive prices and exclusive benefits. This has motivated us to strengthen our partnerships with the real estate sector and create agreements, like our agreement with Al Namal, through which we hope to provide customers with facilitated financing solutions and additional features,” Fatema Alalawi, Chief Retail Banking Officer at BisB, said.
Al Rayyan combines tradition and modernity with its various designs set across 237 villas equipped with the latest innovations and technologies. The project offers 11 villa types, providing customers with the opportunity to pick a villa that aligns with their personal budget and family lifestyle. Each villa comprises of 3 to 4 bedrooms, in addition to an outdoor area in the front and back, alongside breathtaking views with proximity to the beach. The project’s nearby services and facilities serve to meet the needs of all Bahraini families.
BisB offers a comprehensive range of banking solutions through its network of eight 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 unparalleled banking experience across all platforms.
