Al Salam Bank becomes first bank in Bahrain to complete customer handover of Deerat al Oyoun Villa under Mazaya Scheme

Al Salam Bank becomes first bank in Bahrain to complete customer handover of Deerat al Oyoun Villa under Mazaya Scheme

Al Salam Bank-Bahrain (Al Salam Bank) delivered the first residential villa in Deerat Al Oyoun under the Mazaya Scheme in partnership with the Ministry of Housing and Eskan Bank. The Bank's rapid and flexible financing process enabled the smooth and timely completion of the handover of the new home in record time. The handover was completed in the presence of senior representatives from the Ministry of Housing, Al Salam Bank, Eskan Bank, and Diyar Al Muharraq.



The handover of the first residential villa in Deerat Al Oyoun is the result of a new partnership between Al Salam Bank, the Ministry of Housing and Eskan Bank to offer property financing solutions under the Mazaya social housing scheme. The Shari'a-compliant property finance offering will allow customers to buy their dream home in Deerat Al Oyoun housing project without the need for a down payment or any administrative fees. The first financing installment will be paid in January 2021, and for a limited time, applicants will enjoy a highly competitive Annual Profit Rate of 4%. Moreover, customers will receive an additional BD 5,000 to furnish their new home as part of their property financing and will enjoy access to exclusive offers from selected