In order to facilitate the purchase process for prospective buyers, Platinum Tower has provided for Shariah compliant financing through its strategic partner Reef – Real Estate Finance Company. Reef, which was Bahrain’s first mortgage finance company, will offer competitive real estate finance plans to prospective clientele. Reef’s Ijara ‘lease to own’ contract, extends to tenures of up to 25 years and is set at competitive rates. In addition to this, Reef provides prospective clients with dedicated advisors to guide them through the financial planning process, providing information and assistance that ensures the final financing option is one that meets clients’ needs. Reef provides an online mortgage inquiry service via its website www.reef.bh , or the company’s real estate finance advisors may be contacted directly on 17 558 080..
The Arabic word SAKANA has deep Islamic and poetic resonance reflected in our beliefs. SAKANA is a resource intending to provide peace, serenity, tranquility and unity throughout each step on the way in making every home flourish in harmony and prosperity. SAKANA is built through a 50:50 partnership between two leading banks - BBK and Shamil Bank, Bahrain. The combined knowledge, experience and expertise of shareholders enable us to be the vehicle of innovative and encompassing solutions provider to the housing and real estate sector. Sakana's Shari'a compliance ensures adherence to Islamic finance principles and providing a solid foundation for developing modern Islamic business practices. Sakana further simplifies buying a property in Platinum Towers because the development is offered on a freehold basis and is therefore available to GCC nationals, expatriate residents of Bahrain and non-resident international buyers - all of whom can apply for a Sakana mortgage. The innovative mortgage provider also offers the longest repayment term in the Gulf meaning that a wider group of people can enjoy the contemporary and vibrant nature of the Platinum Towers lifestyle. Mr. R. Laksmanan, CEO of Sakana, commented: "The timing is perfect for Sakana to join forces with Platinum Towers as this prestige development is in the advanced stages of construction. Sakana can bring an element of added value to buyers through our in-depth knowledge of the financing requirements backed up by our simple and rapid finance approval procedures and processing."