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Commenting on the agreement, Dr. Al Fahim said:
"We, at Hydra Properties, are extremely delighted to associate with a trusted partner such as Noor Islamic Bank. The agreement will help all our customers to pursue their investment goals in a relaxed manner, without resorting to uncalled for risks. This joining of hands between two leading institutions such as Hydra Properties and Noor Islamic Bank will give those who are investing in our developments more options to maximize their gains."
Dr. Al Fahim added: "With this development customers can obtain Islamic /Sharia complaint financing for their homes and with the holy month of Ramadan round the corner there cannot be better news than this major tie-up. This scheme will enable Hydra's investors to make sound and ethical decisions while securing their financial future."
Welcoming the move, Mr. Hussain Al Qemzi, Group Chief Executive, Noor Islamic Bank & Noor Investment Group, said: "I'm confident that investors will whole heartedly welcome our deal with Hydra Properties. This new service will go a long way to make the already sought-after Hydra Properties Developments more attractive to the investor community in the UAE."
The agreement covers all of Hydra Properties, current and future projects all over the UAE and it includes both, freehold and leasehold properties.
Posted by Eman Hassan
