Karachi: Defence Housing Authority (DHA) Multan has signed an agreement with Bank Islami for providing Sharia-Compliant House Financing for their newly launched DHA Villas, reported a news source.
Under this agreement, Bank Islami will provide easy and halal home financing services including Partial Settlement Options and Discounted Rates to the DHA Villas allottees. The allottees can get the bank’s house financing assistance by showing their DHA-issued Intimation or Allocation letters.
The prime purpose of signing this agreement is to promote the housing sector and help play a role in the country’s development. According to Bank Islami Deputy CEO Amir Ali, signing an agreement with the DHA is reflective of bank’s mission to assist in the development of the housing sector.
The agreement will help people fulfil their dreams of having a quality lifestyle, promote the housing sector, and meet the increasing demand for residential units in the country, added Ali.
