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Al Salam Bank-Bahrain has launched a new property financing product called Dari.
It is Sharia compliant and offers various services to purchase houses, commercial and investment apartments and land. It also helps finance construction of homes and home extensions. The product is designed to provide flexible and long-term repayment periods of up to 30 years.
The bank's executive vice-president and Middle East and North Africa region head Nabeel Al Tattan said that launching Dari ties in with the rapid growth and development of the real estate sector in Bahrain.
The bank can provide its customers with a simple repayment system at competitive rates to match their purchasing abilities, he said.
It has appointed a 'fast-acting' team that will start receiving Dari property financing applications from this week at its main branch in Seef District and its business centre in Bahrain City Centre.
