Sakana in deal with Landmark Bahrain

Under the agreement Landmark Bahrain, one of Bahrain's most renowned and longest established estate companies, will have a real estate facility within Sakana's Manama Customer Centre, enabling customers who are buying property with Landmark to make the necessary financial arrangements for their transactions all within the same premises. Furthermore, customers can obtain pre-approval for their finance through Sakana, and move conveniently to Landmark's counter to view the extensive range of properties available through Landmark, comfortable in the knowledge of the budget they have secured.

Landmark Bahrain deals with the full range of residential and commercial properties, specializing in leasing, buying, selling and management of properties.


Commenting on the deal, R, Lakshmanan, Sakana's Chief Executive Officer, said:

"The initiative we are pioneering with Landmark Bahrain is completely new in the Gulf region. As a mortgage finance provider Sakana has natural synergies with Landmark's real estate services that will create major value added gains, easing the buying and selling process for people venturing into the property market. Furthermore, customers can buy, sell, lease the properties and have their housing requirements met in a one-stop shop environment. This is yet another initiative of Sakana to provide innovative and holistic housing solutions."

"Sakana has been established to help make property ownership more accessible for Bahrainis, GCC nationals and expatriates by adopting an innovative approach to the creation of holistic housing solutions. This includes forging partnerships across the property and finance sectors."

"We recognize that the financial arrangements which need to be put in place when buying property can be a difficult hurdle for many people to overcome, so we are developing new ways to make it easier to get a foothold on the property ladder."

Mohammed Younis Shafi, Landmark Bahrain's Director said: "The opportunity to deliver real estate services from within Sakana's Customer Centre will provide an excellent solution for clients and will greatly ease the process of financial arrangements. We are delighted to work with a company such as Sakana whose ethos - founded as it is on Islamic Sharia'a principles - provides the extra reassurance of financial integrity that many property buyers and sellers seek when they enter into what, for most people, is the biggest and most important investment, or transaction, of their lives."

Sakana provides services for both residents and non-residents from inside and outside the GCC, as well as corporate clients. Its, broad offer includes a 30-year term along with financing for up to 90% of property value up to a maximum of BD350,000 per customer, with profit rate starting at 8% per annum. Financing solutions also cover purchase, construction, refinance, equity release, improvement or extension of a home, or even the purchase of land.

Sakana's Customer Centre can be found conveniently located for easy access in Manama on the Ground Floor, Car Park Building close to Bab Al Bahrain, with convenient opening times from 8 am to 1 pm and 4 pm to 6 pm from Sunday to Thursday. A further Sakana outlet operates from the BBK Financial Mall in Budaiya.