Al Baraka Islamic Bank, Al Harbi in deal to finance solar energy systems
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, announced the launch of an exclusive financing package for its customers who wish to install solar systems on their properties.
This initiative follows the signing of a cooperation agreement with Al Harbi Contracting Group earlier this year.
The exclusive financing offer from Al Baraka Islamic Bank includes a repayment period of up to 30 years in Mazaya financing.
Tariq Mahmood Kazim, Deputy CEO – Business Group of Al Baraka Islamic bank said: “Through this initiative, we look forward to raising awareness on the importance of adopting solar energy systems, which falls under the umbrella of the seventh goal of the sustainable development goals, which stipulates ensuring access to affordable, reliable and sustainable modern energy services for all individuals."
“The agreement will include providing a variety of packages to suit different needs at reasonable prices, as is customary in the market,” commented Hasan Al Harbi, CEO of Al Harbi Contracting Group.