{"id":6081,"date":"2020-10-05T00:00:00","date_gmt":"2020-10-04T21:00:00","guid":{"rendered":"https:\/\/alsalambank.com\/al-salam-bank-partners-with-ministry-of-housing-and-eskan-bank-to-offer-exclusive-financing-benefits-for-homes-in-the-danaat-al-lawzi-project-under-the-mazaya-scheme\/"},"modified":"2020-10-05T00:00:00","modified_gmt":"2020-10-04T21:00:00","slug":"al-salam-bank-partners-with-ministry-of-housing-and-eskan-bank-to-offer-exclusive-financing-benefits-for-homes-in-the-danaat-al-lawzi-project-under-the-mazaya-scheme","status":"publish","type":"post","link":"https:\/\/www.alsalambank.com\/en\/al-salam-bank-partners-with-ministry-of-housing-and-eskan-bank-to-offer-exclusive-financing-benefits-for-homes-in-the-danaat-al-lawzi-project-under-the-mazaya-scheme\/","title":{"rendered":"\u200bAl Salam Bank partners with Ministry of Housing and Eskan Bank to offer exclusive financing benefits for homes in the Danaat Al Lawzi project under the Mazaya scheme"},"content":{"rendered":"<ul>\n<li>Al Salam Bank customers can now purchase their dream family home in the Danaat Al Lawzi project under the Mazaya Social Housing scheme.<\/li>\n<li>Al Salam Bank financing customers will enjoy exclusive benefits including the waiver of all administration fees, valuation fees and down payment, as well as a highly competitive Annual Profit Rate (APR) of 4%.<\/li>\n<li>The new financing offering follows closely on from the Bank\u2019s financing offering for homes in the Deerat Al Oyoun project, also under the Mazaya Scheme. The Bank was able to quickly and smoothly complete handover of the first home in that project.<\/li>\n<\/ul>\n<p>Al Salam Bank (Al Salam Bank) has partnered with the Ministry of Housing and Eskan Bank to offer customers an exclusive financing scheme for the purchase of their dream homes in the new Danaat Al Lawzi project under the Mazaya social housing scheme. Mazaya beneficiaries that apply for financing through Al Salam Bank will enjoy a wide range of exclusive benefits, including financing of up to 100% of the property value with the waiver of all administration fees, valuation fees and down payment \u2013 as well as a highly competitive Annual Profit Rate (APR) of 4% for a limited period. Al Salam Bank recently partnered with the Ministry of Housing and Eskan Bank to offer Mazaya beneficiaries a similar exclusive financing deal for homes in the Deerat Al Oyoun housing project. <\/p>\n<p>Thanks to the Bank\u2019s swift and flexible financing process, it was able to deliver the very first handover of a residential villa in that project in record time. H.E. Eng. Bassim bin Yaqoob Al Hamar, Minister of Housing: \u201cThe Mazaya housing scheme has provided a vehicle for the public and private sectors to combine forces in order to meet the housing needs of the entire Kingdom. We have successfully fulfilled thousands of housing requests through the scheme and are continuing to develop new projects.<\/p>\n<p>In this way, we are going beyond our goals of improving the supply of social housing and accelerating the pace of infrastructure projects \u2013 we are bolstering the Kingdom\u2019s real estate sector and, more broadly, the national economy as a whole.\u201d Mr. Rafik Nayed, Group CEO, Al Salam Bank said: \u201cThe Mazaya scheme is an important initiative that elegantly offers housing solutions to eligible applicants. Al Salam Bank is proud to once again play a role in ensuring that Mazaya beneficiaries receive their new home as quickly, smoothly and cost-effectively as possible. <\/p>\n<p>With the Bank\u2019s highly efficient and flexible financing process streamlining the delivery and handover of homes, our partnership with Eskan Bank and the Ministry of Housing to deliver homes in the Deerat Al Oyoun project was a roaring success. We look forward to bringing the same level of service to the future residents of the Danat Al Lawzi project too.\u201d Mr. Anwar Murad, Deputy CEO of Al Salam Bank said: \u201cWe are delighted to once again partner with the Ministry of Housing and Eskan Bank to help Bahrainis purchase their dream home. We take pride in going above and beyond to serve our customers, and it gives us great pleasure to be able to ease and streamline the process of purchasing a home in these unpredictable times.\u201d Dr. Khalid Abdulla, General Manager of Eskan Bank added: <\/p>\n<p>\u201cThanks to the Mazaya scheme and this renewed partnership, a dream home is now in reach for every Bahraini. We are delighted to be once again working with Al Salam Bank and the Ministry of Housing to help make this dream a reality.\u201d Located West of Hamad Town near the beautiful Lawzi Lake, the state-of-the-art villas of the Danaat Al Lawzi project each come with four bedrooms, three bathrooms, two kitchens, parking space for two cars and a room with a bathroom for a maid. <\/p>\n<p>Residents enjoy the development\u2019s community center, direct access to the lake and local parks as well as the area\u2019s wide range of shops, supermarkets and restaurants. The new service offering is just the latest installment in the successful roll-out of Al Salam Bank\u2019s three-year strategy, focused on giving customers a wide range of Shari\u2019a-compliant banking and financing solutions. <\/p>\n<p>For more information on this exclusive Property Financing offer, please call any of the Bank\u2019s dedicated Relationship Managers on \u202a36688833, \u202a37373780, \u202a39393139 or \u202a39115795.\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c\u202c A video of the handover of the first Deerat Al Oyoun villa can be viewed on the Bank\u2019s social media channels here<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Al Salam Bank customers can now purchase their dream family home in the Danaat Al Lawzi project under the Mazaya Social Housing scheme. Al Salam Bank financing customers will enjoy exclusive benefits including the waiver of all administration fees, valuation fees and down payment, as well as<\/p>\n","protected":false},"author":1,"featured_media":5293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts\/6081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/comments?post=6081"}],"version-history":[{"count":0,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts\/6081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/media\/5293"}],"wp:attachment":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/media?parent=6081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/categories?post=6081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/tags?post=6081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}