Thursday, April 2, 2020

BisB Signs MOU Agreement with Bin Faqeeh

Bahrain Islamic Bank (BisB) has recently signed a memorandum of understanding agreement with Bin Faqeeh Real Estate Investment Company to provide financing to potential residents of the luxury Sidra residential villa project. The signing ceremony was attended by Mr. Hassan Jarrar, Chief Executive Officer of BisB, along with Mr. Faisal Faqeeh, Chairman of Bin Faqeeh Real Estate Investment Company, as well as a number of officials from both parties at the headquarters of Bin Faqeeh located in Manama’s Seef District.

Through the agreement, BisB will enable Bahraini customers to purchase villas in the Sidra residential Project of Bin Faqeeh, under the Bank’s mortgage financing scheme, offering a 5% reduction in the first installment rate, in addition to a financing period of up to 25 years. Non-Bahrainis will also be eligible to apply under a different financing scheme.

Mr. Jarrar, said, “We are delighted to sign this agreement with Bin Faqeeh, which comes as part of our efforts to continue to establish strategic partnerships with leading companies in order to further expand our portfolio of services and solutions for our valued customers. This agreement empowers our customers to purchase luxury residential villas within the Sidra residential project, located in Diyar Al Muharraq to cater to their residential needs.”

Mr. Faisal Faqeeh added, “This agreement comes in line with Bin Faqeeh’s continual efforts to further strengthen ties with leading Banking institutions, in order to contribute to the growth of the real estate sector in the Kingdom of Bahrain. Moreover, BisB’s integrated financial solutions will transform the idea of owning a “dream home” into a reality in a streamlined, hassle-free experience. Sidra is the first and only Luxury Residential Complex in the Kingdom of Bahrain, boasting 452 modern villas of varied sizes and designs, strategically located beside Bahrain’s marina in Diyar Al Muharraq.”

For more information on the Sidra project and Bahrain Islamic Bank’s real estate financial solutions, please contact the Bank’s Call Center on 17515151, or visit the nearest BisB Branch or Financial Complex, or browse our official website www.bisb.com.

 

MOST READ

MoH conducts field visits across the Kingdom to enhance COVID-19 containment measures

In line with ongoing efforts to prevent the spread of the Coronavirus (COVID-19), the Ministry of Health today announced it has started conducting field...

The National Taskforce for Combating COVID-19 highlights national efforts taken to prevent spread

The National Taskforce for Combating the Coronavirus (COVID-19) held a press conference highlighting updates on national efforts and strategies to prevent the spread of...

Discard Bad Habits by Dhananjay Mahadev Datar

Many years ago I unfortunately had the habit of smoking. Actually I was not a chain smoker, but would enjoy five or six cigarettes...

Your ID Card Requests Can Be Completed Online!

If you’re looking to renew your ID card or need other services related to it, remember that there’s no need to invest time and...

NHRA grants licences to private hospitals to provide healthcare for active cases of COVID-19

In line with the directives of the Government’s Executive Committee, chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince,...

Stay Home and Stay Safe

The Kingdom of Bahrain is trying to overcome the circumstances caused by the novel coronavirus (COVID-19) under the eminent leadership of His Majesty King...

WHO commends HRH Premier’s support for broad community momentum to end COVID-19

The World Health Organization (WHO) has expressed appreciation of the efforts of the government led by His Royal Highness the Prime Minister to reduce...

HM King directs RHF to provide support to needy families affected by COVID-19

His Majesty King Hamad bin Isa Al Khalifa issued an order to help needy families registered with the Royal Humanitarian Foundation (RHF) and the...

Boost Note: Open-Source Note Taking App’s New Version Is Out Now

Note Taking Becomes Easier With Boost Note’s Latest Desktop App Current Version Already A Huge Hit With More Than 600K Downloads New Version...

“Together for Bahrain’s Safety” campaign reaches out to needy families

The Supreme Council for Women (SCW) has today started field work as part of the “Together for Bahrain's Safety" which was launched recently. Basic commodities...

iGA urges Public to Complete Transactions via Bahrain.bh & Adjusts the timing of the ID Card Center Working Hours

With the current situation at hand & in line with its commitment to protect its employees and the public, the Information & eGovernment Authority...

Fitbit Charge 4 leak reveals built-in GPS and new fitness tracking features

Fitbit’s upcoming Charge 4 fitness tracker broke cover earlier in March. Revealing a design that was virtually identical to the 2018 Charge 3 model....

Batelco Introduces Same-Day Home Delivery to Serve its Customers

Batelco is pleased to announce the introduction of same-day Home Delivery service starting from Thursday 26-March, to support the community during the current period...

Huawei extends expiring warranty of its products to ensure customer health and convenience in Bahrain

Huawei offers users an extended warranty on a range of products. This as a precautionary measure based on recent public health and prevention considerations....

HH Shaikh Nasser bin Hamad Instructs for Distributing HH Endurance Race’s Awards to Local Studs

HH Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Charity Works and Youth Affairs, National Security Advisor, President of the...