“Despite many challenges like consolidation and innovation of products face by the Islamic banking sector, overall the outlook of the industry is positive and has no liquidity issues,” Abdulhakeem Alkhayyat, Managing Director and CEO of KFH-Bahrain told 24X7 News on Wednesday.
AlKhayyat, senior banker and expert, who handed over the keys to the owners of Ishbiliya Village villas at a ceremony, he confirmed that KFH-B has been working as a consultant to the merger of three leading Islamic investment banks in Bahrain.
“Islamic banking industry is thriving on a good business model and this sector’s continuous growth can benefit its peers in the global economy,” he said.
Earlier, Al Enma’a House, a subsidiary of Kuwait Finance House – Bahrain (KFH-B) and in partnership with Al Enma’a House Real Estate Kuwait, announced the official start of the handover of residential Villas at Ishbiliya Village, the premier residential development targeted for the middle income market.
Home owners received the keys to their new homes from Alkhayyat in presence of VIP’s, dignitaries and senior officials from the Bank and Al Enma’a House.
“It gives me great pleasure to welcome the villa owners and their families to Ishbiliya Village. Even though it has been a challenging year, our steadfast dedications, along with the willingness of all parties involved in the project to remain committed, have ensured that milestones have continued to be met,” Alkhayyat said.
Phase One of Ishbiliya Village is already complete, offering 243 high quality homes that start from BD 135,300 and vary according to size. At the heart of Phase Two is the Community Centre. Home owners will benefit from high class commercial outlets and leisure facilities within a modern infrastructure that includes a nursery, playground and other amenities that are needed to create a real community.
“The communal facilities at Ishbiliya Village are designed specifically to encourage a real sense of ‘community spirit’ within a safe and secure environment. This Handover Ceremony affirms our strong commitment to deliver world-class communities and solidifies our status as a key developer and financer in the region,” he explained.
KFH-B is offering potential home buyer’s unique Shari’a compliant home finance packages with competitive profit rates and flexible repayment terms that suite the individual’s budget, without the need of salary transfer. The finance packages reflect KFH-B’s commitment towards its clients to help them realise a vision of owning a home of their choice within an environment they prefer.
“I would like to invite everyone to visit the model villas at Ishbiliya Village to experience the high quality finishing of the project and the various architectural designs that cater for different tastes and financial capabilities,” he added.