Al Baraka Islamic Bank unveils housing finance offers

TDT | Manama

Email: mail@newsofbahrain.com

Customers can access exclusive financing rates, fee waivers and cash rewards until the end of 2026

Al Baraka Islamic Bank announced a package of housing finance offers for customers as it participates in the Innovation Conference and Exhibition in the Social Housing Sector 2026.

The offers, available as part of the bank's participation and continuing until the end of the year, include exclusive competitive profit rates, exemptions from banking fees and fire insurance coverage.

Customers can also opt for a grace period of up to 12 months, while housing financing can extend for up to 30 years. Financing is available to customers up to the age of 75, subject to the applicable terms and conditions.

As part of the campaign, customers may also receive cash rewards upon completing financing and enter a draw for a major cash prize at the end of the year.

Mazen Dhaif, Chief Retail Officer at Al Baraka Islamic Bank, said the bank's participation reflects its efforts to provide flexible financing solutions aligned with citizens' housing needs.

"Our participation in the Innovation Conference and Exhibition in the Social Housing Sector reflects Al Baraka Islamic Bank's continued efforts to provide flexible financing solutions that meet the needs of citizens and support their housing aspirations," Dhaif said.

He added that the offers accompanying the event were designed to provide competitive benefits and financing options while giving customers greater flexibility.

Dhaif said the conference also provides an opportunity for the bank to engage directly with customers and introduce its financing solutions, while supporting national efforts to develop the housing sector and provide suitable financing options for citizens.

Al Baraka Islamic Bank said its participation forms part of its broader support for national housing initiatives and its efforts to expand its presence in the housing finance sector through Sharia-compliant banking and financing solutions.

Established in 1984, Al Baraka Islamic Bank provides Islamic banking services to individuals and businesses in Bahrain. The bank has also participated with the Ministry of Housing and Urban Planning and Eskan Bank in various housing finance programmes since their launch in 2014.

The bank continues to offer Sharia-compliant banking and financing solutions, positioning it as a participant in national housing initiatives and efforts aimed at supporting sustainable development and customer services.

Customers can obtain further information through the bank's website, its verified Instagram account, or by calling 13300400.