Property financing campaign launched by Bahrain-based Al Baraka Islamic Bank – ZAWYA

Property financing campaign launched by Bahrain-based Al Baraka Islamic Bank – ZAWYA

Property financing campaign launched by Bahrain-based Al Baraka Islamic Bank | ZAWYA MENA Edition HomeBusinessFinancial ServicesArticleProperty financing campaign launched by Bahrain-based Al Baraka Islamic Bank Profit rates will be calculated at competitive rates, there will be no down payments, and zero banking fees    MANAMA: Al Baraka Islamic Bank has launched a promotional campaign to provide property financing to the beneficiaries of the Housing Ministry's Mazaya programme.Under the campaign, profit rates will be calculated at competitive rates, there will be no down payments, and zero banking fees.The bank will also cover the fees of life insurance for the beneficiaries and will provide fire insurance for the property.Under the campaign, profit rates will be calculated at competitive rates, there will be no down payments, and zero banking fees.MANAMA: Al Baraka Islamic Bank has launched a promotional campaign to provide property financing to the beneficiaries of the Housing Ministry's Mazaya programme.The bank will also cover the fees of life insurance for the beneficiaries and will provide fire insurance for the property.In addition, there will be instant prizes for the executed deals.The financing is up to BD120,000 with maximum duration of 25 years.Fatema AlAlawi, head of retail banking at Al Baraka Islamic Bank,