Al Salam Bank-Bahrain, a leading Islamic bank in Bahrain, has launched a new vehicle financing service which will cover all brands and types of vehicles through a unique Shari'a-compliant scheme.

The “Moteri” financing scheme would enable customers to own their vehicles with suitable and flexible payment methods.

Nabeel Al Tattan, executive vice president, head of Mena, said that the campaign followed extensive study of the market and available similar services in order to introduce a differentiated financing service that would enable customers to own their dream cars.

Al Tattan noted that "Moteri" financing service is also distinguished by easy repayment periods which the customer would be allowed to specify according to his or her financial status.

Applying will be smooth and quick, and the terms and conditions are flexible and take into consideration the different possible financial situations of the potential customers, Al Tattan said.

Al Tattan also revealed that the first thirty approved applicants will receive, upon signing their forms, free petrol rechargeable cards for six months as a welcome gesture for being early in applying for the service. – TradeArabia News Service