Mazaya: AIB offers cash prizes of up to BD2,000

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, is offering beneficiaries of the Ministry of Housing’s Mazaya programme a chance to redeem up to BD 2,000 in cash prizes for all executed deals starting from February 2021.

AIB said its property financing campaign features “several attractive advantages, including competitive rates, minimal down payments, zero banking fees, as well as generous cash prizes up to BD2,000.”

Customers, AIB said, can apply for Mazaya property financing of up to BD120,000 over 25 years.

The campaign will also cover life insurance fees, along with property insurance against fire.

Fatema AlAlawi, Head of Retail Banking Department at Al Baraka Islamic Bank said: “We are very pleased to offer additional benefits for the Mazaya campaign, dedicated for a large segment of our valued customers who wish to acquire their housing units and are eligible to benefit from the Mazaya Social Housing Programme.”

The Mazaya campaign is a result of the ongoing collaboration between Eskan Bank and the Ministry of Housing.