Eskan Bank Signs Agreements with Seven Commercial Banks Participating in the Tas’heel+ Programme

In a major step towards enhancing access to affordable housing, Eskan Bank signed a collaborative agreement with seven prominent local banks to deliver housing finance solutions under the newly launched “Tas’heel+”.

The agreement was formalised during the “Innovation in Social Housing Sector” Summit and Conference, held under the esteemed patronage of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, under the theme “Towards Innovative and Sustainable Housing Solutions.”

The agreement brings together Eskan Bank and the following partner banks partipcpating in Tas’heel+ Programme: National Bank of Bahrain (NBB), Bahrain Islamic Bank (BisB), Bank of Bahrain and Kuwait (BBK), Ahli United Bank, Al Baraka Islamic Bank, Al Salam Bank, and Khaleeji Bank.

This initiative falls within the broader strategy of the Ministry of Housing and Urban Planning and Eskan Bank to diversify and expand the housing finance options available to citizens.

Tas’heel+ introduces several new features tailored to individuals seeking swift and accessible housing finance. Under this scheme, beneficiaries may receive up to BD 91,000 in financing, with eligibility determined by a monthly income range of BD 600 to BD 1,200. The value of the financing is linked to the applicant’s income at the time of application submission.

Mr. Abdulla Taleb, General Manager of Eskan Bank, described the agreement as a powerful example of the enduring collaboration between the public and private sectors in advancing flexible housing solutions that support national housing strategies. The participating financial institutions demonstrated a spirit of partnership that reflects a shared commitment to national development and to strengthening housing stability for citizens across the Kingdom.
“This partnership serves as a leading example of how collaboration between government entities and the financial sector can serve national goals, facilitating Bahrainis’ access to housing services and achieving economic and social development for the Kingdom of Bahrain. Eskan Bank remains committed to developing innovative, sustainable housing models that respond to citizens’ aspirations and contribute to long-term social well-being,” Mr. Taleb stated.

Mr. Taleb affirmed that this collaboration will empower participating banks to play a more active role in addressing the housing needs of Bahraini citizens, underscoring their consistent commitment to supporting national housing initiatives. This engagement reflects the banking sector’s broader social responsibility to facilitate accessible and flexible homeownership opportunities, in alignment with the objectives of the Kingdom’s Vision 2030 and national strategies aimed at accelerating the growth of the housing sector and enhancing overall housing welfare.

“Eskan Bank remains committed to deepening collaboration and fostering strategic partnerships with local banks as a means to advance housing development and support Bahraini citizens in achieving both their financial aspirations and homeownership goals,” said Mr. Taleb. “This initiative reflects our shared belief in the essential interdependence between the housing and financial sectors. Stable housing is a cornerstone of resilient, inclusive, and prosperous societies, and we firmly believe that sustainable progress in this sector is a collective responsibility—one that requires cohesive, integrated action from all stakeholders.