Dari is Shari'a compliant that offers to customers various types of contracts that matches the multi purposes property financing including purchasing houses, Commercial & Investment apartments, Commercial and investment real estates, lands and financing home building or home extension.
Dari is designed to match the bank's customers need through flexible, relaxed and long-term repayment period of up to 30 years.
Mr Nabeel Al Tattan, Executive Vice President-Head of Mena, stated that launching Dari gains its importance from the rapid growth and development of the real estate sector which the Kingdom of Bahrain is witnessing nowadays. The capacity of this product meets the needs of customers through simple and innovative solutions.
Mr Al Tattan, asserted that the benefits of this campaign come under the framework of quick service to the bank's customers hinting that the bank will exempt those who apply for Dari from any hidden charges. Additionally, the bank provides its customers with simple repayment system at competitive rates to match the needs of their purchasing abilities.
Al Salam Bank-Bahrain has dedicated professional fast acting team that will start receiving Dari Property Financing application requests form today at its main branch in Seef District and its Business Centre in Bahrain City Centre.
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Al Salam Bank-Bahrain launches Dari property financing
- Bahrain: Sunday, May 31 - 2009 at 09:10
- PRESS RELEASE
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Continuation of a series of promotional campaigns for special products, Al Salam Bank-Bahrain announced the launch of Dari property financing in a move aiming to offer customers an opportunity to own a property.
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Posted by Siba Sami AmmariSunday, May 31 - 2009 at 09:10 UAE local time (GMT+4)
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About Al Salam Bank-Bahrain:
Incorporated on 19 January 2006 in the Kingdom of Bahrain with a paid-up capital of BD120m ($318m), Al Salam Bank-Bahrain (B.S.C.) commenced commercial operations on 17 April 2006. The Bank operates under Islamic principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain. Al Salam Bank-Bahrain was listed on the Bahrain Stock Exchange on 27 April 2006, and subsequently on the Dubai Financial Market on 26 March 2008.
The Bank reported a net profit of BD7.9m ($21m) for the three-month period ended 31 March 2009 registering an increase of 6.5% over BD7.4m reported for similar period in 2008. The earnings per share for the period were 6.6 fils against 6.2 fils for the corresponding period in 2008.
The total assets as of 31 March 2009 grew by 8.4% to reach BD601m ($1,594m) from BD554m ($1,470m) at 31 December 2008.
For further information, please contact:
Suhair Al-Ajjawi
Manager
Corporate Communications
Al Salam Bank-Bahrain
P O Box 18282
Manama, Kingdom of Bahrain
Tel: +973 17560000
Direct: +973 17560090
Fax: +973 17560003
Incorporated on 19 January 2006 in the Kingdom of Bahrain with a paid-up capital of BD120m ($318m), Al Salam Bank-Bahrain (B.S.C.) commenced commercial operations on 17 April 2006. The Bank operates under Islamic principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain. Al Salam Bank-Bahrain was listed on the Bahrain Stock Exchange on 27 April 2006, and subsequently on the Dubai Financial Market on 26 March 2008.
The Bank reported a net profit of BD7.9m ($21m) for the three-month period ended 31 March 2009 registering an increase of 6.5% over BD7.4m reported for similar period in 2008. The earnings per share for the period were 6.6 fils against 6.2 fils for the corresponding period in 2008.
The total assets as of 31 March 2009 grew by 8.4% to reach BD601m ($1,594m) from BD554m ($1,470m) at 31 December 2008.
For further information, please contact:
Suhair Al-Ajjawi
Manager
Corporate Communications
Al Salam Bank-Bahrain
P O Box 18282
Manama, Kingdom of Bahrain
Tel: +973 17560000
Direct: +973 17560090
Fax: +973 17560003
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