Kuwait Finance House (KFH) – Bahrain announced the launch of an exclusive special offer for a limited time period to all Mazaya Social Housing beneficiaries. This comes in line with the launch of 515 new villas at Deerat Al Oyoun Project in Diyar Al Muharaq, in collaboration with the Ministry of Housing and Eskan Bank, as part of their strategic alliance.
KFH – Bahrain will provide Islamic-Sharia compliant financing at a special discounted rate with innovative solutions to the Bank’s clients who are registered under the Ministry of Housing’s Mazaya Social Housing Scheme. Moreover, the special offer includes: zero administration fees, zero valuation fees, profit-serving grace-period of up to 6 months and zero down-payment for the additional financing to cover the value of the property. This gives beneficiaries the opportunity to acquire their dream homes by receiving direct support from Ministry of Housing and excellent customer experience from KFH - Bahrain.
On this occasion, Mr. Khalid Al-maarafi, KFH - Bahrain Executive Manager and Head of Retail & Private Banking, said: “This long-term alliance with Eskan Bank is expected to reinforce the housing sector to best serve the local community and advance growth. We always endeavor to provide unique offers and innovative solutions to make it easier for Mazaya beneficiaries to acquire a suitable property, which is why KFH – Bahrain is the best choice for meeting client financing requirements. This is a superior offer and stay tuned for never-seen-before surprises!”.
With the completion of the first phase of the project, clients aspiring to acquire their dream homes can benefit from the special offers, which include competitive profit rates and a grace period of up to 6 months on the additional financing to cover the value of the property. All married Bahraini clients aged between 21 and 35 who satisfy Ministry of Housing requirements, can benefit from Mazaya Scheme.
Deerat Al Oyoun Project is financed under the Ministry of Housing’s Mazaya Social Housing Scheme. It covers a total area of land of 1.2 million square meters and includes 3,100 housing units. The project is a housing compound designed as a perfect place for Bahraini families to settle, providing suitable housing opportunities at suitable prices.