Al Baraka Islamic Bank launches financing offers for residential units of the Danat Al Baraka project

Al Baraka Islamic Bank launches financing offers for residential units of the Danat Al Baraka project

Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, announced the signing of an agreement with Eskan Bank to launch exclusive financing offers for the residential units of the “Danat Al Baraka” project. Customers who are interested in purchasing a residential unit within the project will be able to do so starting from Wednesday May 19 , 2021. Through this partnership, Al Baraka Islamic Bank aims to provide its customers with unprecedented real estate financing offers to help ease the process of owning a residential unit within the “Danat Al Baraka” project. The “Danat Al Baraka” project, which is located in Janusan, is one of the most prominent housing projects in the Kingdom , which accommodates for the social housing scheme that falls under the umbrella of the Ministry of Housing. Eskan Bank has been assigned to be the Investment managers of the project, whereas Eskan Properties, a wholly-owned subsidiary of Eskan Bank, were appointed to be the development managers of project. Commenting on the launch, Mr. Tariq Kazim, the Chairman of Danat Al Baraka Board said: “We are delighted to be partnering once again with Eskan Bank to ease the