An agreement has been signed to provide Sharia compliant mortgage finance to those wanting to own homes in Durrat Al Bahrain.

The deal was signed by Real Estate Finance Company (Reef), the first Sharia-compliant real estate financing company in Bahrain, and Durrat Al Bahrain, the luxury residential, commercial and resort development.

'It will help expand the scope of financing larger number of nationals and residents in Bahrain who want to own houses in this landmark project. We are very pleased to be associated with Reef as a key mortgage finance provider,' chief executive officer of Durrat Al Bahrain, Jassim Al Jowder said.

'Reef has marked itself as a recognisable addition to the real estate finance market; bringing financing to clients in a flexible, efficient, and competitive manner. Their dedication to ensure highest levels of customer service are exactly suited to our orientation for quality and value.'

Chief executive officer of Reef Khalid Abdulla hailed the agreement highlighting the contribution of Durrat Al Bahrain to the development of residential projects in Bahrain.

He said that the deal cements Reef's dedication to creating strategic alliances that provide a wider array of property choices to customers.

Reef is also planning to expand and diversify its activities in areas of mortgage finance.

Reef is the second financial institution after the Kuwait Finance House - Bahrain to provide mortgage finance to clients of Durrat Al Bahrain.TradeArabia News Service