BAHRAIN: Islamic mortgage finance provider Sakana Holistic Housing Solutions (Sakana) has signed an agreement with Al Sarhan & Al Humaidan Real Estate, the developer of Dar Al Ezz 1 Busaiteen, to provide Islamic mortgage finance to its customers.
In early 2010, the Bank of Bahrain and Kuwait’s (BBK) Shariah compliant subsidiary Capinnova Investment Bank acquired a 50% stake in Sakana, which began as a joint venture between BBK and Shamil Bank.
Sakana is regulated by the central bank of Bahrain.