Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the kingdom, has joined hands with Burooj Property Development to offer an exclusive promotion for its luxurious apartments located at the Lagoon in Amwaj Island.

Under the scheme, the buyers of the luxurious apartments in Burooj Residence will get a range of benefits that includes flexible financing tenor period, competitive profit rates and cashback rewards of up to BD2,000 ($5,268), said a statement from Al Salam Bank-Bahrain.

Burooj Residence Amwaj Island is a 22-storey tower with a total of 86 high-end European interior finished residential units that include two and three bedrooms ranging between 134.7 sq m and 360 sq m, seven different designs with key features that consist of premium facilities with a lounge area, spacious balcony with a spectacular lagoon view, swimming pool, sauna and steam rooms, and fully-equipped gym.

In addition, customers will also enjoy special discount on the property annual service fee, stated Anwar Murad, the deputy group CEO (banking) at Al Salam Bank-Bahrain, after signing the deal with Khalid Mahmood, the founder of Burooj Residence Property Development in the presence of senior officials.

Murad said the partnership with Burooj was in line with its continuous commitment to endeavour to bring customers with new banking services and unique product offerings that complement their lifestyle needs.

"Customers can now take advantage of our exclusive benefits when applying for Dari Property financing to buy any of Burooj Residence units featuring our competitive rates, lower monthly instalments, special discount on property annual service fee and cash back rewards valued at BD2,000 ($5,268)," noted Murad.

“This strategic partnerships is amongst other recent deals which the bank signed with reputed real estate developers and hoping that we brings more valuable benefits to the end-users,” he added.-TradeArabia News Service