In conjunction with Eskan Bank’s launch of the last phase of the Deerat Al Oyoun project, which includes over one thousand residential villas in Diyar Al Muharraq ready for immediate purchase, KFH-Bahrain launched the latest version (and its largest so far) of its innovative promotional campaign specifically prepared for its customers wishing to buy and own their dream homes and apartments as part of the Mazaya Social Housing program.

KFH-Bahrain will hold the promotional prize draw between the months of January and April 2022. The grand prize, which will be given to one lucky winner, will consist of the amount of the monthly installments payable on their Mazaya Social Housing financing for two years deposited into the winner’s account, and the Bank will reveal three other lucky winners who will win monthly installments for one year deposited into their accounts. The prizes program also includes 5 cash prizes of BD1,000 each and 10 cash prizes of BD 500 each. The campaign includes all eligible customers who have booked their homes and completed their transactions with the Bank during the period starting from the beginning of November 2021 until the end of March 2022.

KFH-Bahrain offers Shari’a compliant financing at low annual profit rates through a fast-track process as part of the Bank’s innovative financing solutions for citizens that have applied for the Mazaya program offered by the Ministry of Housing. The special offer also includes exempting customers from paying administrative fees or property valuation fees, without requiring an advance payment for additional financing outside the scope of the Mazaya program which covers the value of the property. The Bank also provides free fire insurance throughout the financing period and additional financing of up to BD12,000 for home furnishing, as promotional partnerships were concluded with several retail stores specialized in electronics, furniture, electrical appliances and other household supplies. In addition, the Bank has developed procedures to facilitate and complete the real estate financing process swiftly for the Deerat Al Oyoun project.

Commenting on the occasion, Mr. Hamed Mashal, Head of Retail Banking at KFH–Bahrain said: “Following the continuous success of the KFH-Bahrain campaign in Mazaya transactions over the past months, it is our pleasure to announce the latest version of the Mazaya promotional campaign, which is the largest ever to be announced by the Bank.  The creation of this campaign goes in line with the Ministry of Housing’s launch of the last phase of the Deerat Al Oyoun project in Diyar Al Muharraq, where valuable cash prizes will be distributed to lucky winners including one mega prize worth two years installments, three prizes worth one year installments, in addition to more cash prizes. We would like to invite everyone to submit their funding requests for a chance to win one of our valuable prizes.”

The villas of the last phases in the Deerat Al Oyoun project were specifically designed to meet the needs of the modern-day Bahraini family. The villas are available in four designs including Bahraini, modern, Spanish and Mediterranean architectural styles, which all consist of four bedrooms, including two master bedrooms, two halls, a kitchen, a living area, four toilets, indoor parking that accommodates two cars, a spacious back garden and a balcony.

For more information please call 7777 7777 or visit the KFH-Bahrain website https://www.kfh.bh/bahrain/en/personal.html .