Dubai Islamic Bank and EMAAR Karachi to Support Home Financing Initiatives

Dubai Islamic Bank (DIB), based out of the United Arab Emirates has signed an agreement with Pakistan-based EMAAR Karachi (EMAAR) to promote the use of Home Financing for all on-going and upcoming projects.

Under this initiative, DIB aims to offer financing facilities to clients for investment in fully built, as well as ready-to-move-into apartments. The specific real estate projects coming under this agreement include EMAAR’s Coral, Pearl and Reef Towers which are located at EMAAR’s Crescent Bay in Karachi.

According to DIB, off-plan financing will also be available for up-coming projects, whilst DIB seeks to offer corporate banking solutions to EMAAR and its contractors.

Speaking at the signing of the agreement, Junaid Ahmed, Chief Executive Offi...