Mazaya is a program that allows beneficiaries to benefit with 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 his 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.   

Eligible Age has been extended up to the age of 40 years.

• It allows citizens to benefit with the scheme for one of the below purposes:
  • Purchase a ready housing unit.
  • Purchase a residential Land plot.
  • Construct a housing unit.
  • Purchasing a residential land plot and construct it. 
• It offers citizens the freedom to select their desired financing purposes, provided that the beneficiary paying the difference between the value of the New Mazaya financing and the value of the approved selected housing unit.
• There is no maximum price for the house or land to be purchased.
• 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.

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 40 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 services 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. 

• Submission of online application via e-government.
• Application approval by Ministry of Housing when criteria is met.
• Eligibility Certificate is issued by Ministry of Housing.
  • The eligibility certificate qualifies the applicant to benefit from the financing service, provided that the necessary requirements are met.
  • The certificate is valid for maximum of six months from the issuance date.
  • The certificate does not constitute an obligation on Eskan bank and on the financing bank to grant finance.
• Applicant to provide the financing bank with the required documents including the unit documents in order for financing bank to upload their final approval letter and the evaluation report.
• Following and after obtaining the approval of Ministry of Housing will issue the Beneficiary Subsidy Certificate and the Ministerial decree.
• The beneficiary must pay a down payment of at least 10% of the housing unit’s value.
• Beneficiary receives the finance from the bank and the title deed is mortgaged or property ownership transferred to the financing bank.

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

The eligibility certificate is valid for maximum 6 months.

In all cases, the applicant’s age must not exceed 40 years prior to the disbursement of the finance allocation.

Based on the applicants’ age, the beneficiary’s installment is between 25% and 30% 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’s subsidy is reduced in accordance with increases of the beneficiary’s monthly income every two years.

• 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.