KFH-Bahrain renews its agreement with Eskan Bank for Danaat Al Baraka project

KFH-Bahrain renews its agreement with Eskan Bank for Danaat Al Baraka project

Kuwait Finance House – Bahrain has announced the signing of a Memorandum of Understanding (MoU) with Eskan Bank to provide financing to customers who wish to own their dream home in “Danaat Al Baraka” as part of the Ministry of Housing’s “Mazaya” Social Housing Finance Scheme. The real estate financing offer, which is in compliance with the principles of Islamic Shari’a, includes competitive annual profit rates without administrative fees, a flexible payment period of up to 30 years, a zero down-payment for additional financing covering the property value, and instant cash prizes worth 1 year of client installments for clients who have completed the finance application process. The Bank also provides free insurance against fires throughout the financing period, as well as additional financing up to BD 10,000 for home furnishing, as promotional offers have been established with several retail stores, specialized in furniture, and home appliances. Commenting on the promotional campaign, Mr. Khalid Al-Maarafi, Executive Manager and Head of Retail & Private Banking at KFH-Bahrain said: “It is with great pleasure that we announce our second promotional campaign for the “Mazaya” program, which will be launched exclusively for those interested in financing from the Bank to invest in the