Bahrain Islamic Bank Partners with Delmon Gate to Offer Exclusive Real Estate Financing and Benefits on Bushra Housing Project
04-December-2023
Bahrain Islamic Bank (BisB), the leading provider of Islamic digital banking services in the Kingdom of Bahrain, has signed an agreement with Delmon Gate to offer attractive real estate financing options and exclusive benefits on the Bushra housing project located in Alsayah.
Through this agreement, Bahrain Islamic Bank customers will have access to a wide range of exclusive offers specifically tailored for the Bushra housing project. These benefits include complimentary fire insurance coverage and free notary services, further enhancing the value of their investment. Additionally, customers will enjoy a financing grace period of up to 3 months from the implementation date until the first installment, providing them with greater flexibility and peace of mind.
Ms. Fatema AlAlawi, Chief Retail Banking Officer at BisB, said: "We are excited to announce our partnership with Delmon Gate, offering our valued customers at Bahrain Islamic Bank exclusive benefits and attractive real estate financing options for the Bushra housing project in Alsayah. This collaboration is a testament to our dedication in providing innovative and simplified products and services that meet the evolving needs of our customers to empower them with a seamless financing journey."
Delmon Gate CEO Mr. Abdullah Ali, said, “We are pleased to sign this agreement, which reflects the partnership with the banking sector in Bahrain, especially with a well-established bank such as Bahrain Islamic Bank, which undoubtedly seeks to provide the best real estate financing solutions compatible with Islamic Sharia. This aims to help the bank’s clients who wish to own residential plots or high-end villas in the “Bushra” project in the Al Sayh area.
He added: “Delmon Gate is based on the directives of His Royal Highness the Crown Prince and the distinguished Prime Minister Prince Salman bin Hamad Al Khalifa (may God protect him), which emphasize such partnerships with the aim of meeting the citizen’s needs for decent housing as it is the basic foundation of the development and construction process in Kingdom,” stressing that “these partnerships would open opportunities and horizons for citizens to choose what is most appropriate for them according to the needs and capabilities of each family.”
Ali pointed out that “the Bushra residential project includes 196 residential plots with different areas starting from 161.1 square meters, and more than half of the plan has been sold, in addition to the availability of approximately 30 villas in the same plan, which is considered one of the best residential plans in terms of its location.” Geographically located in Muharraq Governorate, it is the plan that has received great interaction from individual and family clients in the region since its launch recently, as it is located in a lively, upscale area that is developing and distinguished due to the availability of various services and other facilities that meet the needs of families.
Bahrain Islamic Bank's customer-centric approach ensures that the needs of its customers are at the heart of its operations. BisB offers its services through a network of 8 branches and user-friendly digital platforms, including online banking and a mobile app. The bank provides a diverse range of innovative and simplified financial products and services. This comprehensive suite of offerings is designed to align perfectly with the evolving requirements of customers, providing them with convenient and seamless banking experiences across multiple channels.