Manama: Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has partnered with Durrat Al Bahrain to provide exclusive Sharia’a compliant mortgage financing for Jawharat Al Murjan Villas within the prestigious Durrat Al Bahrain development.
This collaboration marks a key step in BisB’s ongoing efforts to support homeownership in the Kingdom through innovative and accessible financial solutions that adhere to Islamic principles. With construction stage financing now available, prospective homeowners can secure their future residence early in the development cycle.
To make the financing process even more seamless, the Bank is offering a grace period of up to six months, no need for property evaluation, and the flexibility to treat the reservation fee as the downpayment. Customers will also benefit from competitive rates designed to suit a wide spectrum of financial requirements.
“Our collaboration with Durrat Al Bahrain underscores our mission to make property ownership more attainable for individuals and families across Bahrain. By offering Sharia’a compliant mortgage financing at the construction stage, we are welcoming customers to invest in high-quality residential communities such as Jawharat Al Murjan with greater convenience and peace of mind. This initiative reflects how we are focused on designing practical options that support long term financial stability and lifestyle aspirations of our clientele,” Faisal Al Abdulla, Chief Retail Banking Officer at BisB, said.
“We at Durrat Al Bahrain are pleased to sign the Memorandum of Understanding with Bahrain Islamic Bank to offer exceptional banking facilities for those wishing to join the Durrat Al Bahrain community through ownership in our new project, which represents the fourth phase of the Durrat master plan. We are introducing a variety of villa options under the names Jawharat Al Marjan and Al Yaqoot Villas, designed to suit all preferences,” Eng. Moaath Al Hasan, Executive Manager – Operations at Durrat Al Bahrain, said.
Notably, the project is located approximately 40 km south of Manama within the renowned Durrat Al Bahrain resort, the Jawharat Al Murjan features around 200 sea‑facing luxury villas on the Al Murjan Island 5. Designed for modern Gulf families, the villas range from 650 to 900 sqm of land and offer Three to five bedrooms, generous built-up areas (up to 500 sqm), outdoor seating, and balconies all set amid a resort style environment encompassing marinas, landscaped parks, health clubs, mosques, retail, and dining amenities.
