Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, announced that it will offer beneficiaries of the Ministry of Housing's Mazaya program a chance to redeem up to BD 2,000 in cash prizes for all executed deals starting from February 2021.
Al Baraka Islamic Bank's property financing campaign features a number of attractive advantages, including competitive rates, minimal down payments, zero banking fees, as well as generous cash prizes up to BD2,000. Customers can apply for Mazaya property financing up to BD120,000 over the duration of 25 years. The campaign will also cover life insurance fees, along with property insurance against fire.
Commenting on the campaign, Ms. Fatema AlAlawi, Head of Retail Banking Department at Al Baraka Islamic Bank said: "We are very pleased to offer additional benefits for the Mazaya campaign, dedicated for a large segment of our valued customers who wish to acquire their housing units and are eligible to benefit from the Mazaya Social Housing Program. The numerous offers presented as part of the campaign, accompanied with the chance of winning cash prizes for all executed deals, highlight our continued efforts to provide the best solutions to facilitate the process of owning a house. Therefore, we encourage all eligible Mazaya beneficiaries to seize this exclusive opportunity."
The Mazaya campaign is a result of the ongoing collaboration between Eskan Bank and the Ministry of Housing. The initiative reflects Al Baraka Islamic Bank's ongoing commitment to provide customers with the most convenient solutions alongside attractive mortgage deals.
Since its establishment in 1984 in the Kingdom of Bahrain, the Al Baraka Islamic Bank B.S.C. – Bahrain has set a longstanding track record of delivering excellence, innovation and superior results. The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supported by its sound financial solutions.