PHOTO
Manama, Bahrain: Al Baraka Islamic Bank (AIB), one of the leading Bahraini financial institutions in the field of Islamic banking, announced the launch of the “Danat Al Baraka” project in Janusan, one of the most prominent housing and real estate projects under the umbrella of the Ministry of Housing and Eskan Bank in the Kingdom of Bahrain.
The project was officially inaugurated by Minister of Housing, Engineer Basim Bin Yacob Al Hamer, on Sunday April 4, 2021. The residential units of the “Danat Al Baraka” project are available for immediate purchase within the “Mazaya” program for social housing. Eskan Bank will be managing investments in the project, whereas Eskan Properties, a wholly-owned subsidiary of Eskan Bank, managed and supervised the project development work.
The “Danat Al Baraka” project includes 211 modern villas with four different contemporary designs, each consisting of two floors with 4 rooms, a spacious hall, a kitchen and annex for a domestic worker, and a garage consisting of two parking spaces. The project is built on a land of 73,514 square meters in Janusan. The project is considered the fifth in a series “Danat” projects, which includes: “Danat Al Madina”, “Danat Al Riffa”, “Danat Al Seef” and “Danat Al Lawzi”.
Commenting on the launch, Mr. Tariq Kazim, General Manager – Business Group at Al Baraka Islamic Bank and the Chairman of Danat Al Baraka Board said: “Firstly, we are grateful for the sponsorship of his Excellency Eng. Basem Bin Yacoob Al Hamer, Minister of Housing, and the inauguration of the “Danat al Baraka” project, which commenced work in 2016 and was completed according to the set timeframe, despite the circumstances and challenges that we faced. We would also like to thank the main construction contractor “Ahmed Omer Trading & Contracting Establishment” for their relentless efforts to ensure the timely completion of the project.”
“We are pleased to be at the forefront of financial institutions in the Kingdom of Bahrain who will be providing exclusive financing offers for this project and are proud of the attention it has received from the concerned authorities, following the directions of the late His Royal Highness Prince Khalifa bin Salman Al Khalifa. We also extend our thanks and appreciation to the Ministry of Housing, the Ministry of Finance, the Central Bank of Bahrain and Eskan Bank for providing all means of support and facilities that have secured the success of the project,” he added.
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.
For any further information, kindly visit our website at www.albaraka.bh.
-Ends-
For further information, please contact
Shaikha Seyadi
Tel: +973 17 592008 Ext. 101
Email: shaikha.seyadi@traccs.net
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
