Kuwait Finance House (KFH) has signed a partnership agreement with Mustashar Albenaa Co, as part of its ongoing endeavor to meet needs and aspirations of customers while supporting Kuwait`s development plans and real estate development projects in the country. 

The agreement that was signed at KFH`s headquarters in the presence of Senior Manager Media and Government Relations at KFH, Mohammed Al Faris, and AbdulRahman Al Zamel and Abdullah Al Hamad from Mustashar Albenaa Co, aims to provide interested customers with advisory services on the building and construction market, in particular in the new residential cities.

The agreement supports the “Financing your house in Al-Mutlaa from KFH" campaign KFH launched a few months earlier for construction materials and works for citizens holding residential plots in Al-Mutlaa Residential City and other areas. The campaign provides all customers' needs to build a lifetime home in Al-Mutlaa city and "South Abdullah Al-Mubarak" and all private housing plots, starting from the preliminary design stage until delivery.

KFH`s campaign offers variety of financing solutions compatible with Islamic Sharia and in cooperation with a group of the best and largest companies specialized in the field of construction and real estate development. In the interests of customers comfort, the first installment payment will be due 12 months after the contract, with a maximum financing limit of KD 70,000 and the credit period being up to 15 years with the possibility of delaying the installments and re-arranging the debt in the future.

Meanwhile, Mustashar Albenaa Co. praised the cooperation with KFH and the vital role the bank plays as a leading Islamic financial institution, in supporting Kuwait`s development plans through its ongoing pursuit to provide unique solutions and developed products and services that meet the needs of customers in the construction and building market.

It also indicated that the agreement reflected KFH`s endeavor to keep pace with all new developments in the buildings construction market and serve primarily customers as well as meet their needs and aspirations to the fullest.

In an effort to create additional value for customers, KFH hosted AbdulRahman Al Zamel and Abdullah Al Hamad from Mustashar Albenaa Co. on its social media channels, to deliver online seminars via Instagram Live, including information on the common mistakes in construction and advisory on most important steps that must be taken before building a house for life, particularly in the new residential cities. Attracting great interaction from audience, the seminars covered several topics related to building, finishing, methods and steps for obtaining licenses and following up on implementation, means and conditions of contracting as well as cooperation with contractors.