Al Salam Bank has consented to provide financing options for real estate purchases for houses in the Wahati and Ras Hayan Village developments by Bareeq Al Retaj.
Through the partnership, potential homeowners can take advantage of real estate finance with competitive profit rates, fast approvals, and a six-month grace period.
They will also accrue loyalty reward points and have their administration and valuation expenses waived. Additionally, customers will receive free consultations from It Invision Design & Execution and special savings on household and electrical goods from Bin Hindi, YK Almoayyed, and AlSalam Gas.
The Tas’heel program’s qualified recipients will receive free life and fire insurance in addition to a waiver of registration costs.
Bareeq Al Retaj will provide plots in Ras Hayan Village together with furnishings for apartments from Wahati’s first phase.
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Dr Maher Al Shaer, vice-chairman and managing director of Bareeq Al Retaj, said: “Through our partnership with Al Salam Bank, we are excited to offer innovative and accessible financing solutions for buyers in the Ras Hayan Village and Wahati projects. This step aligns with our strategy to provide a unique and modern residential experience in Bahrain.”
This calculated move demonstrates how continue to support the goals of the country by giving residents access to decent housing and adding to the kingdom’s housing stock.
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Ras Hayan Village, which is located on Bahrain’s east coast, offers plots that range in size from 212 to 717 square meters, whereas Wahati is situated in Qalali, in the center of Muharraq, near to the capital, Diyar Al Muharraq, and the Amwaj Islands.
Commenting on the partnership, Anwar Murad, deputy chief executive of banking at Al Salam Bank, stated: “At Al Salam Bank, we strive to enrich our customers’ banking experience and facilitate their financial goals, enabling us to continuously develop initiatives and offers that meet their needs We are pleased to partner with Bareeq Al Retaj to deliver flexible and competitive financing solutions that support our clients in purchasing units available in both Ras Hayan Village and Wahati.
Modern two- to three-bedroom apartments with a kitchen, living room, parking, and several amenities are part of the Wahati project.
About AI Salam Bank
Al Salam Bank‘s extensive network of branches and ATMs uses cutting-edge technology to provide a wide range of Shari’a-compliant financial goods and services.
About Bareeq Al Retaj
Bareeq Al Retaj is a renowned real estate development and management company. They deliver creative projects that transcend beyond brick-and-mortar to generate community-building landmarks.
