KARACHI: The 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 the customers in fulfilling their dream of buying their own house, a statement said.

The signing ceremony took place at the Grand City’s office in Phase 6, DHA, Lahore.

Senior management of Bank Alfalah Islamic, including, Talat Khurshid Mian, retail head; Muhamid Jamal Ansari, head of consumer finance; Muhammad Raza Sayeed, sales head home Musharakah, along with Syed Salman bin Waris Gillani, CEO of Grand City; and Sarfraz Ahmed, CFO of Grand City, were present on the occasion.

Grand City Kharian is a project of Eurobiz Corporation, one of the leading companies in the construction and development. The firm’s impressive portfolio includes residential complexes, a commercial business centre, luxury apartments and townhomes.

The current project is one of the most dynamic housing societies located on Main GT Road between Islamabad and 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 and financing experience for the customers.

Muhamid Jamal Ansari said: “The alliance between both parties will play a key role in materialising 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 and Bank Alfalah Islamic customers who want to enjoy international standards of infrastructure development with luxurious facilities.”

“[The] customers will also have an option of financing under [the] low-cost housing scheme. We are offering a 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 the customer,” he added.

Syed Salman bin Waris Gillani highlighted the unique features of the society and said: “Grand City has planned to offer best housing/apartment options for the customers with affordable price ranges. Alliance with [the] Bank Alfalah Islamic will provide our customers with one of the best financing options in the market.”

“[The] customers who are short of funds and need financing for [the] construction of their houses can simply apply for [the] 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 [the] Bank Alfalah Islamic.”

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