SAKANA HONORED BY ILA

Bahrain-based Sakana Holistic Housing Solutions, the innovative Islamic mortgage finance provider was recently honored by the Indian Ladies Association (ILA) in Bahrain for their contribution to the annual Fundraiser “A Sixer For ILA ”-  a cricket tournament held among 20 teams from Bahrain that competed for the ILA Trophy. The funds collected from the event […]

SAKANA POSTS 47% INCREASE IN MORTGAGE FINANCE INCOME

At the Board meeting held on 10 February 2010, Sakana Holistic Housing Solutions announced its 2009 full year results, which showed an increase of approximately 47% in net mortgage finance income from BD 2.04 Mil in 2008 to BD 2.99 Mil.  The net profit for the year also increased by 22% from BD 0.58 Mil […]

Capinnova Bank takes 50pc stake in Sakana

SAKANA- BMI BANK IN ISLAMIC FINANCING DEAL

SAKANA CUTS MORTGAGE BASE RATE BY 0.25%

Bahrain-based Sakana Holistic Housing Solutions the innovative Islamic mortgage finance provider has announced a reduction in its retail mortgage base rate by 0.25% (25 basis points) with effect from 3 January 2010, taking its new bench mark retail financing rate to 9.25% on a reducing balance basis.  This is the 2nd rate reduction in the […]