Al Salam Bank Partners with Kayan Real Estate to Offer Islamic Financing for Future Homeowners

Al Salam Bank has announced a strategic partnership with leading developer Kayan Real Estate to provide financing solutions to clients seeking homeownership within the residential projects of “Sultan” in Muharraq and “Ramli 2” in Al Ramli.

The collaboration focuses on providing Shari’a-compliant financing solutions tailored to the diverse needs of the Bank’s client base, including social housing beneficiaries.

Under this partnership, Al Salam Bank will offer competitive profit rates, a grace period of up to 6 months, fast application processing, and waived administrative fees. To make the homeownership journey even more rewarding, clients can earn additional points through the Bank’s loyalty program. Finally, design and execution firm “We Invision Design & Execution” will provide complimentary sessions to assist clients with their construction plans, ensuring a seamless transition from plot ownership to building their dream home.

The “Sultan” project is a highly sought-after residential development located in the Muharraq Governorate. It offers a variety of residential plot sizes starting from 299.1 square meters. Meanwhile, the “Ramli 2” project boasts excellent accessibility and proximity to essential amenities in the Al Ramli area. This newer plan features residential plots with varying sizes, starting from 307.8 square meters, and prices starting from BD 94,425.

Speaking on the occasion, Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank said, “We are pleased to partner with Kayan Real Estate to offer accessible and Shari’a-compliant housing finance solutions to citizens. By collaborating with one of the leading real estate developers of Bahrain, we aim to contribute to the development of the Kingdom’s housing sector and empower more Bahrainis to realize their homeownership dreams. We invite all clients to seize this opportunity and purchase their residential plots in the “Sultan” and “Ramli 2” projects. We look forward to building a long-term relationship with Kayan Real Estate and fostering similar partnerships to further support the government’s vision of widespread homeownership for Bahrainis.”

For his part, Mr. Ahmed Isa AlBahrani, Chief Executive Officer of Kayan Real Estate said, “It is a distinct honor for us to partner with the Kingdom’s fastest-growing bank. This collaboration strengthens our ties within the local banking sector and allows us to collectively empower citizens to own their dream homes. This partnership exemplifies synergies between local institutions that open doors for citizens to choose the most suitable options based on their unique needs. Ultimately, this will contribute to reducing wait times for housing services and drive progress towards national housing ambitions.

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