Jeddah-Amlak

Bank Al Jazira rewarded its customers with the best special offers within its diverse range of mortgage programs that offer financing solutions suitable for all segments of the island's customers during its booth at the recently concluded Jeddah Real Estate, Finance and Housing Exhibition at the Jeddah Events and Forums Center.

For his part, Khalid Al-Othman, Senior Vice President and Head of Retail Banking Group at Bank Al Jazira, explained: «The Bank's participation in this exhibition comes within the framework of the Bank's contribution to support the real estate sector in the Kingdom and play an active role in financing the diverse housing and real estate needs of citizens through a unique package of Sharia-compliant real estate finance products.»
He added: «Bank Al Jazira is one of the leading banks in the Saudi real estate finance market with its unique products, including the «Bayti» Sharia-compliant residential financing program, which offers the best competitive profit margin under the slogan «With your rent you own your property», in addition to many benefits, where the amount of financing can reach up to five million riyals and the repayment period extends to 30 years, with exemption from the remaining installments in the event of death or total disability (God forbid). In addition to insuring the property against fire and natural disasters. Bank Al Jazira also offers the «Investment Mortgage Program», which enables the customer to obtain real estate financing to purchase a residential building, commercial, shopping mall or residential complex with high flexibility in repayment commensurate with the nature of this type of investment financing that extends for 15 years, with a competitive profit margin and without the need for a guarantor with the possibility of repayment from the revenues of the property or any other sources of income for the customer, and the bank offers the «Mortgage Finance Program» which enables the customer to obtain real estate financing to build or buy another property in exchange for the mortgage of his current property in a Sharia-compliant format.