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Manama, Bahrain: Kuwait Finance House – Bahrain announced Mr. Yunes Mohamed as the third and final prize winner of the Bank’s Mazaya finance ‘One Year on Us’ campaign where the Bank covers the first year of housing installments for the Mazaya Finance Scheme. The campaign was developed by the Bank specifically to support customers benefiting from the Ministry of Housing’s Mazaya Social Housing Scheme.
Commenting on the occasion, Mr. Hamed Mashal, Head of Retail Banking said: “We extend our sincerest congratulations to Mr Yunes Mohamed on winning the third prize, which includes the payment of a full year of his Mazaya finance installments. The prize comes under our ‘One Year on Us’ campaign, which is part of our many efforts and endeavors to meet customers’ needs and improve their banking experience with us. With the conclusion of this successful campaign, we wish to announce that we are gearing up to launch more rewarding initiatives in the near future.”
On his end, the winner, Mr Yunes Mohamed, said: “I am absolutely thrilled to win this valuable prize, and express my heartfelt gratitude and thanks to everyone who worked towards making this campaign possible and all the members of Kuwait Finance House – Bahrain. I am grateful for this initiative, which helps those looking for housing units under the Mazaya Financing Scheme and supports in the process of home ownership while easing the burden that comes with purchasing a home especially challenges faced in the first year including furnishing the house. I hope that all those who applied for the Mazaya Social Housing Finance through KFH-Bahrain will benefit from all the facilities provided by the Bank.”
It is worth noting that the Mazaya Social Housing Finance provided by Kuwait Finance House – Bahrain is Sharia’a compliant and the Bank provides exclusive offers to customers who wish to own one of the homes under the Mazaya Social Housing Scheme, wherein the offers include up to BD 120,000 in financing, in addition to reduced annual financing rates, a flexible repayment period of up to 30 years without administration fees. Additionally, the bank will provide free fire insurance over the whole financing tenor and extra financing of up to BD 10,000 for home add-on, as promotional partnerships were established with several retail stores specialized in furniture and home appliances.
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About Kuwait Finance House, Bahrain
Kuwait Finance House-Bahrain provides Islamic commercial and investment banking services. Established in 2002 as a wholly owned subsidiary of Kuwait Finance House (Kuwait) -- an industry leader for 40 years -- KFH-Bahrain specializes in developing and bringing to market the highest quality Islamic compliant banking and investment products, all of which are delivered by a staff of experienced and dedicated professionals with a deep understanding of the market and the clients we serve.
© Press Release 2021
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