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Bank Alfalah Islamic and Grand City sign a Memorandum of Understanding to Promote Housing Finance in Pakistan

KARACHI: Bank Alfalah Islamic, Pakistan’s premier financial institution providing Shariah Compliant Consumer financing products, has joined hands with Grand City Kharian – a project of Eurobiz Corporation, to facilitate customers in fulfilling their dream of buying their own house.

The signing ceremony took place at Grand City’s Office located in Phase 6, DHA, Lahore. Senior management of Bank Alfalah Islamic including, Talat Khurshid Mian – Retail Head, Muhamid Jamal Ansari – Head Consumer Finance, Muhammad Raza Sayeed – Sales Head Home Musharakah along with Syed Salman bin Waris Gillani – CEO Grand City and Sarfraz Ahmed – CFO – Grand City were present at the occasion.

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Grand City Kharian is a project of Eurobiz Corporation, one of the leading companies in construction and development. The firm’s impressive portfolio includes residential complexes, a commercial business center, luxury apartments & townhomes. The current project is one of the most dynamic housing societies located on Main GT Road between Islamabad & Lahore.

The strategic partnership between Bank Alfalah Islamic and Grand City will cater to the evolving financial needs of mutual customers by enabling them to avail numerous benefits being offered under the Government’s Low Cost Housing Scheme. The combined expertise of both companies will help save time, reduce hassle, and create a seamless purchase & financing experience for customers.

On the occasion, Head of Consumer Finance of Bank Alfalah Islamic, Mr. Muhamid Jamal Ansari said “The alliance between both the parties will play a key role in materializing the vision of our customers of buying their dream house. Through this partnership, we will be providing an attractive Shariah Compliant House Financing package for Grand City & Bank Alfalah Islamic customers who want to enjoy international standards of infrastructure development with luxurious facilities. Customers will also have an option of financing under Low Cost Housing Scheme. We are offering vast range of products to our customers including purchase of a house, purchase of a plot and construction, as well as development on a plot already purchased by customer.

Also read: Bank Alfalah delivers solid performance; profit up by 26%

Mr. Syed Salman bin Waris Gillani – CEO Grand City, while highlighting the unique features of the society, said, “Grand City has planned to offer best housing/apartment options for the customers with affordable price ranges. Alliance with Bank Alfalah Islamic will provide our customers with one of the best financing options in the market. Customers who are short of funds and need financing for construction of their houses can simply apply for construction financing from Bank Alfalah Islamic. The facility is not limited to construction; the customers who are interested in buying a house or a plot and constructing a house thereafter could also get benefits from Bank Alfalah Islamic”.

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