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Al Baraka Islamic hands over first Danat Al Baraka villa

June 17, 2021
islamic finance

Al Baraka Islamic Bank (AIB) has announced the successful handover of the first villa in Danat Al Baraka project, located in Jannusan, Bahrain.

This comes following the bank’s announcement of exclusive financing offers under the Mazaya programme, in cooperation with the Eskan Bank and the Ministry of Housing, to provide housing solutions that are designed to meet the needs of Bahraini citizens.

Built on a 73,514 sq m area, Danat Al Baraka project features 211 modern villas with four different contemporary designs, each consisting of two floors with four rooms, a spacious hall, a kitchen and annex for a domestic worker, and a garage consisting of two parking spaces.

It is considered the fifth in a series of Danat projects, which includes Danat Al Madina, Danat Al Riffa, Danat Al Seef and Danat Al Lawzi.

Speaking at the handover ceremony, Fatema AlAlawi, the head of retail banking at Al Baraka Islamic Bank, said: 'We are thrilled beyond words to be able to fulfill our part in meeting the residential needs of citizens and contributing to the development process, through the launch of holistic housing solutions that aims to raise the standards of living.'

'Thanks to the speed and efficiency of the financing procedures at our bank, we were able to successfully complete the handover of first house in the Danat Al Baraka’s project in record time,' he stated.

'Also a special thanks to the Ministry of Housing and Eskan Bank for their cooperation and speedy process that helped us deliver these high-quality services,' said AlAlawi.

This speedy handover reflects the endeavors and relentless efforts of our team to develop the quality of services provided to meet the needs of our esteemed customers, while ensuring that their banking transactions are completed efficiently and effectively,' he added.