Sakana Holistic Housing Solutions will be the preferred Islamic mortgage provider for Porta Reef development, it was announced.

Sakana Holistic has signed a memorandum of understanding with Porta Reef - a development by Abu Dhabi Investment House - to become a preferred Islamic mortgage provider for the luxury development of three 10-storey residential towers located on Reef Island.

Sakana will offer its innovative range of Sharia-compliant products and services in order to facilitate the purchase of apartments in the Porta Reef development to buyers of all nationalities from Bahrain, the GCC and the wider international community.

Porta Reef chairman Fawaz Ali Al Jowder said that Sakana and Porta Reef will be working closely to make the dream of living in Porta Reef, an idyllic location on the southern part of Reef Island with sea views over the Gulf, a reality.

"Sakana's mortgages will allow more people to access our quality lifestyle, overlooking the azure seas of the Gulf, strategically located for access to the city and major road networks," he said.

"Our innovative mortgage solutions and customer-focused service make sure that buyers feel confident in purchasing a property using mortgage finance," said Sakana chief executive officer R Lakshmanan.

"The company's growing range of financial solutions mean that more people can now enjoy an island lifestyle in this community, which will add a new dimension to city living."-TradeArabia News Service