Latest news with #Tas'heel+Programme
Biz Bahrain
24-04-2025
- Business
- Biz Bahrain
Eskan Bank signs agreements with seven banks under Tas'heel+ programme
Eskan Bank signed agreements with seven local commercial banks to provide housing finance services under the Tas'heel+ programme. The agreements were signed during the Innovation Summit in the Social Housing Sector, held under the patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, under the theme 'Towards Innovative and Sustainable Housing Solutions.' The agreement brings together Eskan Bank and the following partner banks participating in Tas'heel+ Programme: National Bank of Bahrain (NBB), Bahrain Islamic Bank (BisB), Bank of Bahrain and Kuwait (BBK), Ahli United Bank, Al Baraka Islamic Bank, Al Salam Bank, and Khaleeji Bank. The agreements align with the Ministry of Housing and Urban Planning and Eskan Bank's strategy to expand housing finance options for citizens. The recently launched Tas'heel+ programme offers several new features for citizens seeking immediate housing finance, with a maximum financing amount of BD 91,000. Citizens with monthly incomes ranging from BD 600 to BD 1,200 are eligible, and the financing amount will be determined based on the applicant's income at the time of application. Abdulla Taleb, General Manager of Eskan Bank, emphasised that the agreements reflect ongoing and effective public-private partnerships aimed at providing flexible housing solutions in line with government priorities. He underscored the cooperation of the participating banks and their commitment to supporting Bahrain's housing sector and enhancing citizen welfare. Taleb described the collaboration as a leading model of government–financial sector cooperation to support national objectives and facilitate citizens' access to housing services, contributing to Bahrain's economic and social development. He reiterated Eskan Bank's commitment to developing sustainable and innovative housing solutions that promote family stability and meet citizens' aspirations. He noted that the agreements would enable participating banks to play a greater role in meeting citizens' housing needs and emphasised their commitment to supporting national housing programmes as part of their social responsibility. This would provide flexible homeownership options and support the goals of Bahrain Economic Vision 2030 and the national housing strategy. Taleb underscored the Bank's continued efforts to strengthen cooperation with local banks to advance housing development and support citizens in achieving financial goals and homeownership. He noted that housing stability is a foundation for building prosperous communities and emphasised that advancing the housing sector is a shared responsibility between the housing and banking sectors. BNA(R)
Daily Tribune
22-04-2025
- Business
- Daily Tribune
MP backs broader access to housing loans
MP Dr Maryam Al Dhaen has welcomed changes to the Tas'heel+ Programme, calling it a practical move that sharpens its reach and usefulness. She said the updates fit within His Majesty King Hamad bin Isa Al Khalifa's aim to deliver 50,000 homes and help Bahrainis live with dignity. The government, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, is, she emphasised, shaping housing plans around the actual needs of people. Decision One key change, she said, is the decision to raise the upper age limit for applicants. This means more Bahrainis, particularly older ones who may have been locked out before, now have a chance to get support. The scheme also ties the loan amount to each applicant's income. That, in her view, keeps repayments within reach and helps avoid debt that cannot be managed. She noted that people using Tas'heel+ can now choose how to spend the loan. Scheme Whether it is on a flat, a ready home, a plot, or buying land to build, the scheme lets families decide what suits them best. Income brackets have been set for eligibility. Al Dhaen said this helps keep the scheme focused on those who truly need support, while avoiding waste and overreach. She also praised local banks for helping roll out the changes. She said the effort shows how public and private sides can work together effectively.
