BisB is a financing partner in the off‑plan sale of residential units under the Government Land Development Rights Program
04-May-2026
Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has announced its participation as a financing partner in the in the off‑plan sale of residential units under the Government Land Development Rights Programme, a housing initiative led by the Ministry of Housing and Urban Planning in collaboration with Eskan Bank.
BisB’s involvement reflects its continued commitment to supporting sustainable homeownership solutions and contributing to national development priorities by enabling Bahraini citizens to access affordable housing under suitable financing terms.
Commenting on the occasion, Mr. Faisal Al Abdulla. Chief Retail Banking Officer at BisB, said, said “Our participation in the Government Land Development Rights Programme marks an important step towards strengthening BisB’s role within the Kingdom’s housing ecosystem. Our close collaboration with the Ministry of Housing and Urban Planning and Eskan Bank allows us to offer Sharia’a compliant financing solutions with flexible structures that facilitate homeownership, in alignment with national measures to ensure property affordability. This initiative also affirms our responsibility, as an Islamic financial institution, to contribute to sustainable growth and deliver positive social impact that responds to the aspirations of Bahraini families.”
Mr. Ebrahim Jasim, Assistant General Manager – Commercial & Institutional Banking of Eskan Bank, stated, “The Government Land Development Rights Programme presents a progressive model for public-private partnership and reflects our focus on providing citizens with more accessible and sustainable pathways to homeownership. BisB’s participation as a financing partner is a valuable addition to this endeavour, one that helps further diversify available financing options and supports the citizens in acquiring homes that meet their needs, in line with the Kingdom’s development agenda.”
This cooperation forms part of ongoing efforts to enhance integration among the various stakeholders supporting Bahrain’s housing ecosystem and to achieve sustainable developmental impact across the Kingdom.
The Government Land Development Rights Programme is a collaboration between public and private sector entities, under which licensed real estate developers construct housing units on government-owned land. Unit prices are capped at BD 99,000 to maintain affordability and provide suitable options for a wider segment of eligible citizens. Applicants may apply directly through Eskan Bank or the Baity App.
BisB’s participation in this national initiative further underscores its enduring support for Bahrain’s housing sector, ensured through innovative Sharia’a compliant financing solutions and strong strategic partnerships with government institutions. The Bank continues to empower Bahraini families with accessible avenues to homeownership, while supporting the Kingdom’s broader sustainable development ambitions.