Manama, Bahrain: In an effort to simplify its customers’ banking experience, Bahrain Islamic Bank (BisB) has reduced the down payment rate from 10% to 1% for the Bank’s Social Housing Finance Scheme "Mazaya", which was launched in cooperation with the Ministry of Housing in 2014.

BisB was one of the first banks to initiate a partnership with the Ministry of Housing for its customers, with the overall aim of introducing a social housing finance scheme to meet the needs of customers and support them in purchasing a housing unit.

“At BisB, we are continually striving to develop the line of products and services we offer and are especially focused on facilitating the execution of various financial transactions. Ultimately, we are aiming to transform our customers’ overall banking experience,” said the General Manager of Retail Banking, Mrs. Dalal AlQais.“The Bank has always sought to provide a comprehensive range of financing solutions that meet the different needs of a variety of customer segments, and we continue to devote our utmost efforts in order to simplify our customers’ daily banking transactions. By introducing a reduced down payment rate of 1% for "Mazaya", it will become easier for potential customers to acquire housing units,” she added.To find out more information on BisB’s Social Housing Finance Scheme "Mazaya", please visit the Bank’s online portal eBisB.com or the official website BisB.com.  Alternatively, contact the Bank's Sales Department call 17515151 / 17511992 or pass by any of the Bank’s branches located across Bahrain.

© Press Release 2019

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.