Palestine Islamic Bank and Nabali & Fares Real Estate sign a cooperation agreement
Palestine Islamic Bank (PIB) and Nabali & Fares Real Estate signed a cooperation agreement that allows the bank's customers to purchase off-plan properties with the company with easy repayment periods.
The agreement was signed by the General Manager of PIB, Dr. Imad Al-Sadi, and the General Manager of Nabali & Fares Real Estate, Eng. Alaa Abu Ali, at the Bank's headquarters in Ramallah, in the presence of the Chairman of the Board of Directors of Nabali & Fares Real Estate, Hajj Dergham Al-Nabali, the CEO of the company, Eng. Khaled Al-Fares, the assistants of the General Manager of PIB, Rami Taha, Zayed Shukair, Assem Al-Masri, and a number of department managers from both sides.
Al-Sadi said that this agreement comes within the framework of the bank's ongoing efforts to provide its customers with facilities, especially in the field of real estate buying by providing financing solutions that suit their needs and easy repayment periods that comply with the provisions and principles of Islamic Sharia.
Al-Sadi stressed the importance of cooperation between the banking and real estate sectors in providing the best services to citizens and achieving economic growth, stressing the complementary role of the various economic sectors.
Al-Sadi added that this agreement is a significant addition to the existing partnership between the two sides over the past years and paves the way for more cooperation in the future.
For his part, Eng. Alaa Abu Ali said that this agreement represents a new step that reflects our continuous commitment to facilitate the process of owning real estate by our customers through innovative financing solutions. It also comes within the framework of our vision to strengthen partnerships with national financial institutions in a way that achieves mutual benefit and supports the Palestinian economy.
Abu Ali added: "We at Nabali & Fares Real Estate believe that providing opportunities for easy real estate ownership contributes to achieving stability for the Palestinian society, and we always strive to provide real estate projects characterized by quality construction and after-sales service that meets the aspirations of our customers."