Ina major step towards enhancing access to affordable housing, Eskan Bank signeda collaborative agreement with seven prominent local banks to deliver housingfinance solutions under the newly launched “Tas’heel+”.
Theagreement was formalised during the “Innovation in Social Housing Sector”Summit and Conference, held under the esteemed patronage of His Royal HighnessPrince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, under thetheme “Towards Innovative and Sustainable Housing Solutions.”
Theagreement brings together Eskan Bank and the following partner bankspartipcpating in Tas’heel+ Programme: National Bank of Bahrain (NBB), BahrainIslamic Bank (BisB), Bank of Bahrain and Kuwait (BBK), Ahli United Bank, AlBaraka Islamic Bank, Al Salam Bank, and Khaleeji Bank.
Thisinitiative falls within the broader strategy of the Ministry of Housing andUrban Planning and Eskan Bank to diversify and expand the housing financeoptions available to citizens.
Tas’heel+introduces several new features tailored to individuals seeking swift andaccessible housing finance. Under this scheme, beneficiaries may receive up toBD 91,000 in financing, with eligibility determined by a monthly income rangeof BD 600 to BD 1,200. The value of the financing is linked to the applicant’sincome at the time of application submission.
Mr.Abdulla Taleb, General Manager of Eskan Bank, described the agreement as apowerful example of the enduring collaboration between the public and privatesectors in advancing flexible housing solutions that support national housingstrategies. The participating financial institutions demonstrated a spirit ofpartnership that reflects a shared commitment to national development and tostrengthening housing stability for citizens across the Kingdom.
“Thispartnership serves as a leading example of how collaboration between governmententities and the financial sector can serve national goals, facilitating Bahrainis' access to housingservices and achieving economic and social development for the Kingdom ofBahrain. Eskan Bank remains committed todeveloping innovative, sustainable housing models that respond to citizens’aspirations and contribute to long-term social well-being,” Mr. Taleb stated.
Mr. Taleb affirmed that this collaboration willempower participating banks to play a more active role in addressing thehousing needs of Bahraini citizens, underscoring their consistent commitment tosupporting national housing initiatives. This engagement reflects the bankingsector’s broader social responsibility to facilitate accessible and flexiblehomeownership opportunities, in alignment with the objectives of the Kingdom’sVision 2030 and national strategies aimed at accelerating the growth of thehousing sector and enhancing overall housing welfare.
“EskanBank remains committed to deepening collaboration and fostering strategicpartnerships with local banks as a means to advance housing development andsupport Bahraini citizens in achieving both their financial aspirations andhomeownership goals,” said Mr. Taleb. “This initiative reflects our sharedbelief in the essential interdependence between the housing and financialsectors. Stable housing is a cornerstone of resilient, inclusive, andprosperous societies, and we firmly believe that sustainable progress in thissector is a collective responsibility—one that requires cohesive, integratedaction from all stakeholders.”
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