Property Finance

With Al Baraka Property Finance, everyone benefits. Attractive profit rates, easy and convenient enrolment, and all Shari’a-compliant so that we may cater to both Bahrainis and non-Bahrainis, whether you’re employed or self-employed.

To apply for Al Baraka Property Finance, you must be 21 years old or above.  Below is a full list of all fees and charges:

• Minimum salary is BD 600.
• Minimum Age is 21 Years & Maximum Age is 70 at maturity of finance subject to availability of life insurance.
• Debt Service Ratio (DSR) up to 65% for salaries below BD3,000/- and up to 70% for salaries BD3,000/- and above.
• Takaful Life Insurance is mandatory
• Maximum tenure is 30 years for residential properties & 25 years investment properties 

To apply for Al Baraka Property Finance, you must be 21 years old or above and complete an application at an 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

"Mazaya" is the social housing finance scheme between Ministry of Housing and Al baraka Islamic Bank whereby Beneficiaries have the opportunity to own their dream home through a real estate finance facility subsidized by the Government of Bahrain.

Joint Financing between Ministry of Housing and Al Baraka Islamic Bank whereby Al Baraka Islamic Bank provides housing finance to buy a land and Eskan bank to finance the construction in favor of the Bahrainies clients.

Is the housing finance scheme between Ministry of Housing and Al Baraka Islamic Bank whereby Al Baraka Islamic Bank provides housing finance to eligible Bahrainis jointly with Eskan bank to buy a ready villa.

A construction Finance allows you to build your home with drawdown progressive payments according to the stages of construction.

It is an opportunity to renew your villa to suit your residential developments.