Al Salam Bank Partners with Edamah for Property Financing

Al Salam Bank, a leader in the Islamic banking sector, has announced a new strategic partnership with Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, to provide Shari’a-compliant property financing solutions for units in the luxurious Tivoli Residences at Bilaj Al Jazayer. This collaboration marks a significant step in Al Salam Bank's ongoing efforts to expand its real estate financing portfolio and align with its commitment to offer innovative financial solutions that meet the aspirations of its clientele.

The Tivoli Residences, located in one of Bahrain's most dynamic real estate destinations, promises a refined living experience with its premium selection of residential units. These range from one to three-bedroom apartments, duplexes, and penthouses, each offering unique views of the sea, courtyard, or city. The development is designed to meet the highest international standards, featuring exceptional amenities such as a rooftop infinity pool, a state-of-the-art fitness center, and a dedicated children's play area, all complemented by stylish lobbies and 24-hour security and concierge services.

Al Salam Bank's offer includes a flexible and tailored property financing package with up to six months grace period, competitive annual profit rates, loyalty reward points, instant approval, and a seamless application process. This initiative is aimed at facilitating homeownership for individuals seeking a luxurious and integrated beachfront lifestyle.

Mr. Khalid Abdulrahman Al-Majed, CEO of Edamah, expressed his enthusiasm for the partnership, highlighting the project's alignment with their commitment to social well-being and environmental responsibility. Mr. Anwar Mohammed Murad, Deputy Group CEO – Banking at Al Salam Bank, emphasized that this collaboration is part of the bank's strategy to enrich clients' experiences by offering exceptional financing offers in prestigious locations.

The strategic partnership between Al Salam Bank and Edamah reflects a shared vision of promoting sustainable development and enhancing the quality of life in Bahrain. With a robust financial standing and a digital-first approach, Al Salam Bank continues to cement its reputation as a forward-thinking institution in the Islamic banking industry.

Given the promising outlook of the real estate market in Bahrain and Al Salam Bank's strategic initiatives, investors may find this an opportune moment to consider engaging with the bank's offerings. The bank's strong emphasis on innovation, customer-centric solutions, and strategic partnerships positions it well for future growth. Therefore, the recommendation for investors is to buy, as the bank is poised to capitalize on emerging opportunities in the region.