The Banking The Banking Executive Magazine - June 2024 Issue

Al Salam AL SALAM UNVEILS KEY FINANCE OFFER FOR BAHRAIN RESIDENTIAL PROJECTS Al Salam Bank-Bahrain, a leading fi- nancial institution in the kingdom, has announced the launch of its ex- clusive financing offer tailored for beneficiaries of the Tas’heel and En- hanced Mazaya schemes aspiring to own property in the Deerat Al Oyoun in Diyar Al Muharraq, or the Danat Al Lawzi project in Hamad Town. This exclusive offer, being imple- mented in collaboration with the Ministry of Housing and Urban Plan- ning and Eskan Bank, kicks off to- morrow (June 23). On the scheme, Al Salam Bank- Bahrain said the beneficiaries have the opportunity to explore available residential villas through the Baity App or by visiting Al Salam Bank’s dedicated booths located at show- case villas. The exclusive offer features a multi- tude of benefits aimed at making homeownership more accessible and affordable. These include cash rewards of BD2,000 for Deerat Al Oyoun bene- ficiaries and BD5,000 for buyers of Danat Al Lawzi properties. Addition- ally, the offer features a grace period of up to 6 months to provide further financial flexibility. Abdulla Taleb, General Manager of Eskan Bank, said: "Our partnership with the Ministry of Housing and Urban Planning and Al Salam Bank presents a valuable opportunity for us to provide exclusive financing so- lutions to the citizens. It contributes to our collective dedication towards providing sustainable and comfort- able housing for Bahrainis." Anwar Murad, the Deputy Chief Ex- ecutive Officer at Al Salam Bank, said: "We are excited to unveil our latest exclusive offers for the benefi- ciaries of Tas’heel and Enhanced Mazaya schemes. Clients can own their dream home with installments starting from BD164.5 (excluding the Tas’heel scheme installment), along with cash prizes and a grace period of 6 months." Al Salam Bank, he stated, offers the most attractive home financing op- tions in the market with affordable installment plans and competitive profit rates. This ensures that beneficiaries can secure property financing that com- fortably fits within their budget. The Bank’s streamlined approval process provides a fast and efficient experi- ence for Tas’heel and Enhanced Mazaya schemes beneficiaries, noted Murad. "In addition to the core financing benefits, the Bank also provides a range of advantages that further in- centivize homeownership. These in- clude earning loyalty rewards and benefiting from waived financing in- surance fees, administrative fees, and down payments," he stated. Al Salam Bank also offers free real es- tate consultations to clients in part- nership with interior design and construction firm “We Invision De- sign & Execution”, special offers from Al Salam Gas, and the chance to enter a draw where five winners will receive three months’ worth of in- stallments, he added. the BANKING EXECUTIVE 30 ISSUE 186 JUNE 2024