Flexible Property Finance

BHIBOR, or the Bahrain Interbank Offered Rate, is the average interest rate at which Bahraini banks lend to each other for short-term financing. The profit rate for flexible property finance is directly tied to the BHIBOR, meaning it will adjust in response to changes in the rate, ensuring that the product remains aligned with prevailing market conditions.

The profit rate is linked to the BHIBOR rate

Semi-Annual Rate Review Process

The profit rate will undergo a review twice a year, in January and July.

Conditions for Rate Amendment

An amendment to the profit rate will only occur if there is a change of at least 50 basis points (bps) in the BHIBOR rate.
To apply for the Flexible Property Finance, you must be 21 years old or above and complete an application at Al Baraka branch with these documents:

2 valid IDs

Last pay slip/salary certificate

Bank statement for last 3 months/6 months if self-employed

Valid CR if self-employed

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