Al Salam Bank has announced the reinforcement of its strategic partnership with Mazad, a digital auction and marketplace platform and a Mumtalakat portfolio company, marking one year since the launch of their collaboration.
The bank is offering innovative financing solutions facilitating the purchase of properties through public auctions, alongside the introduction of a special discounted financing offer for customers wishing to purchase properties through Mazad, available for a limited period until the end of June 2026.
This step reflects both parties’ commitment to advancing the property ownership experience and enhancing service efficiency within this vital sector.
Al Salam Bank initially launched this collaboration in January 2025, becoming the first bank in Bahrain to introduce dedicated financing solutions for property purchases through public auctions.
The initiative targets individuals, small and medium enterprises, and corporate entities, contributing to accelerating ownership procedures while offering flexible and sustainable financing options that support the growth of the commercial sector and strengthen the kingdom’s investment environment.
Over the past year, the bank has successfully built a strong financing portfolio within this segment, reflecting the growing demand for such innovative solutions and highlighting the importance of this model in addressing market needs.
The partnership continues to provide effective alternatives for those seeking to invest in real estate through auctions, while also aiming to spotlight key achievements and further promote the services offered.
Commenting on the occasion, Al Salam Bank deputy group chief executive officer for banking Anwar Murad said: “We take pride in continuing our partnership with Mazad, which has resulted in delivering an innovative model of financing solutions that support the development of the real estate sector in the kingdom. Since its launch, this initiative has contributed to simplifying property ownership through public auctions and has provided our clients with flexible financing options that meet their aspirations, reflecting our ongoing commitment to delivering innovative banking solutions that support economic growth and sustainability.”
For his part, Nezar Habib, chief executive officer at Mazad Bahrain, said: “We are proud to renew our collaboration with Al Salam Bank, which has played a key role in responding to a growing demand for accessible financing solutions for property purchases through public auctions. Through this partnership, Mazad has been able to offer customers more practical and flexible financing options. We believe this next phase will further strengthen the real estate auction ecosystem in Bahrain and support more buyers in participating with confidence.”
Al Salam Bank and Mazad also extend their sincere appreciation to the Justice and Islamic Affairs Ministry for its efforts in updating and enhancing the execution mechanisms related to real estate auctions, which directly contributed to enabling this innovative financing model and enhancing the efficiency and flexibility of property ownership procedures through public auctions in the kingdom.
This renewed collaboration underscores Al Salam Bank’s commitment to delivering integrated financial solutions that cater to the evolving needs of its clients, while reinforcing its position as a strategic partner in supporting initiatives that drive the development of key economic sectors in Bahrain.
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