News

Al Baraka Launches real estate financing

BAHRAIN: Al Baraka Islamic Bank has introduced a new real estate financing product called Flexible Real Estate Finance, which is tied to the Bahrain Dinar Interbank Offered Rate, with its profit rate adjusting every six months based on changes in the benchmark interest rate. This financing option targets individuals looking to finance land, residential unit purchases or construction, with a preference for a variable profit rate model.