Faysal Bank and Emaar Karachi sign agreement for home financing

ISLAMABAD:Faysal Bank Limited and the leading Dubai-based real estate development company, Emaar Karachi signed an agreement to provide home financing to its customers for Emaar’s current projects in the country.

Faysal Islami will facilitate individual clients to avail the Shariah compliant home financing for both ready and near-to-completion apartments at Emaar Karachi with exclusive and value-added benefits, said a press release issued here on Tuesday.

“Emaar Pakistan is committed to provide comfort with luxury living to our customers.

Through our Coral, Pearl and Reef Towers in Crescent Bay Karachi, we aim to bring luxury and elegance with seafront view apartments and shops, and other excellent facilities.

This agreement with Faysal Bank will facilitate home financing for our current projects and pave way for further partnership in different areas of Emaar’s upcoming projects on nationwide scale,” said Sohail Baig, CEO Emaar Pakistan, at the signing event.

Syed Iftikhar ul Haq, Head Consumer Finance Faysal Bank, also expressed his satisfaction at forging a successful alliance with Emaar Karachi and said, “As a leading trusted Islamic bank of Pakistan, we will make sure that we provide Shariah-compliant and consumer-oriented mortgage financing to our clients. We hope that this alliance will result in successful future collaborations between the two partners.”