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MARINA West and Reef Real Estate Finance Company have recently signed a memorandum of agreement, a move that will add a new dimension to the comprehensive nature of Marina West’s offering to its prospective investors, home buyers and tenants.
The agreement confirms Reef as the first Islamic mortgage finance provider for the development.
Under the terms of the agreement, Reef, which is founded on the guiding principles of Islamic Sharia, will provide mortgage financing services to prospective Marina West customers, covering all of their financing needs and helping them to realise their ambitions of owning property in the Marina West development.
The company offers competitive plans such as the Ijara ‘lease to own’ contract, with tenures reaching up to 25 years and covering property value up to a staggering BD350,000 per customer at competitive rates.
