Mazaya is a program that allows beneficiaries to obtain housing finance from a partner bank to be repaid through monthly installments subsided by the government. The beneficiary pays an installment that is calculated based on a percentage of the total monthly income determined by the government, and the government a subsidy that is the difference between the beneficiary’s installment and the actual total installment of the financing bank.

• It allows citizens to purchase a ready housing unit immediately.
• It offers citizens the freedom to select their desired housing unit, provided it meets certain criteria, which include the property value not exceeding BD120,000.
• The citizen must obtain the difference between the total Mazaya financing and the property value.
• It allows citizens to choose their housing units via real estate company projects approved by the Ministry of Housing or other units from the open market that meet the criteria and approved by relevant authorities.
• The Government subsidizes a maximum financing amount of  BD81,000

To be a beneficiary of the program, the applicant must meet the following conditions:

• Applicant holds a Bahraini national.
• Applicant is the head of the household.
• Age is between 21 and 35 years at the time of financing.
• Have a monthly income between BD600 and BD1,200.
• The applicant and his family members must not have received any other housing service provided by the government or other entities.
• The applicant and his family members must not be owners of real estate at the time of application or in three years prior. This includes ownership of housing through Islamic financing.
• The applicant’s family must be permanent residents of the Kingdom of Bahrain.

The financing tenor is 25 years and the beneficiary’s monthly installment is equal to 25% of his total monthly income.

Housing rental allowance stops in the first installment month after the disbursement of the finance amount to the beneficiary.

• Submission of application.
• Application approval by Ministry of Housing when criteria is met. Once eligible, the financing bank gives principal approval (valuation of the desired housing unit takes place during this period). The applicant then receives an eligibility certificate.
• Completion of procedures at the financing bank, including valuation of property. The financing bank then gives final approval.
• Ministerial decree and the beneficiary subsidy corticated are issued by Ministry of Housing. The beneficiary must pay a down payment of at least 10% of the housing unit value.
• The property value cannot exceeding BD120,000. Beneficiary pays the difference between the value of the Mazaya financing amount and the property value.
• Beneficiary receives the finance from The financing bank and the title deed is mortgaged  or property ownership transferred to the bank.

• Al Salam Bank
• Al Baraka Islamic Bank
• Bahrain Islamic Bank
• Kuwait Finance House
• National Bank of Bahrain
• Khaleeji Commercial Bank
• Bank of Bahrain and Kuwait
• Ahli United Bank

“Total Income” is considered as basic salary and all fixed allowances.

The beneficiary must meet the program’s criteria, sign the contract with the financing bank, and receive the finance amount before reaching the age of 35.

In all cases, the applicant’s age must not exceed 35 years prior to the disbursement of the finance allocation.

The beneficairy’s installment equals 25% of his total income, including his basic salary and all fixed allowances.

The beneficiary’s income is updated every two years throughout the installment payment period.

Mazaya subsidy is reduced in accordance with increases of the beneficiary’s monthly income every two years.

The housing unit must meet the following criteria:

• The housing unit must be ready and habitable for a family in terms of structural robustness and safety. It must be suitable in terms safety and meet other specifications, set out by the Ministry of housing, throughout the payment period. Citizen must approve to purchase the chosen property.
• The housing unit must meet construction regulations in the Kingdom.
• The housing unit must be residential, and free of any legal commitments, disputes, and violations. It must be vacant and not rented out.
• The citizen must obtain the difference between the total Mazaya financing and the property value.
• The housing unit must have a valid address at the Information & eGovernment Authority (iGA).
• The housing unit must have access to electricity and water services.
• The housing unit must have a separate ownership deed.
• Any other conditions imposed by the Ministry.

• Copies of the family’s passports and ID cards if required.
• Marriage certificate.
• Salary certificate & payslips from the employer.
• Bank statement of the last 3 months.
• Signing on family member’s declaration.
• Signing all necessary declarations.
• Any other documents required by the Ministry.