Al Salam Bank partners with Kayan Real Estate to offer Islamic Financing for future homeowners

TDT | Manama     

The Daily Tribune – www.newsofbahrain.com

Al Salam Bank has announced a strategic partnership with leading developer Kayan Real Estate to provide financing solutions to clients seeking homeownership within the residential projects of “Sultan” in Muharraq and “Ramli 2” in Al Ramli.

The collaboration focuses on providing Shari’a-compliant financing solutions tailored to client base, including social housing beneficiaries.

Under this partnership, Al Salam Bank will offer competitive profit rates, a grace period of up to 6 months, fast application processing, and waived administrative fees.

To make the homeownership journey even more rewarding, clients can earn additional points through the Bank’s loyalty programme.

Finally, design and execution firm “We Invision Design & Execution” will provide complimentary sessions to assist clients with their construction plans, ensuring a seamless transition from plot ownership to building their dream home.

The “Sultan” project is a highly sought-after residential development located in the Muharraq Governorate.

It offers a variety of residential plot sizes starting from 299.1 square meters. Meanwhile, the “Ramli 2” project boasts excellent accessibility and proximity to essential amenities in the Al Ramli area.

This newer plan features residential plots with varying sizes, starting from 307.8 square meters, and prices starting from BD 94,425.

Speaking on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank said, “By collaborating with one of the leading real estate developers of Bahrain, we aim to contribute to the development of the Kingdom’s housing sector and empower more Bahrainis to realize their homeownership dreams.”

Ahmed Isa AlBahrani, Chief Executive Officer of Kayan Real Estate said, “This collaboration strengthens our ties within the local banking sector and allows us to collectively empower citizens to own their dream homes.”