BisB partners with Naseej to offer exclusive mortgage financing for Al Basateen project with 1 year grace period

11-December-2023

Bahrain Islamic Bank (BisB), the leading provider of Islamic digital banking services, has announced its partnership with Naseej BSC which will offer its customers a competitive mortgage financing solutions for "Al Basateen" project in Al Saya, Muharraq.

One of the key benefits for customers interested in this project is a one-year grace period on their installments, 6 months of which will be provided by BisB and the remaining 6 months will be paid by Naseej. This unique offering ensures an unparalleled experience for Al Basateen customers, allowing them to comfortably manage their finances.

Ms. Fatema AlAlawi, Chief Retail Banking Officer at BisB, said: "This installment grace period is designed to provide our customers with a comfortable and tailored experience. At BisB, we strive to deliver innovative solutions that meet the specific needs of our customers, and we firmly believe that a fit-to-need approach is the best way to enhance their banking experience."

Speaking on behalf of Naseej, Mr. Mohammed Al Shaikh, Head of Investments, said; “ We are delighted to collaborate with BisB in offering this exclusive offer on Naseej’s residential project Basateen Villas. Naseej and BisB endeavor to provide our valued customers with a real estate solution that enables them to make their property purchase in an easy and flexible manner, and giving them a grace period to make re-payment orders.”

Mr. Al Shaikh also added, “Our Basateen Villa Project is located in a developed area within Busaiteen, in Muharraq. The residential project comprises of 23 villas built as three- & four-bedroom units and are offered as semi-furnished homes that are equipped with two fitted kitchens, specious living spaces, en-suite bathrooms for each bedroom, garage spaces for two cars with its automatic roller shutter door, gypsum & lighting features, flooring, air conditioning, storage, garden spaces as well as other features that complement these villas. These homes are truly unique, as they provide homeowners with an easy and convenient way to move-in into their homes without added financial burden and reducing the time that is required to move into their home”.

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.