Kaizen urban developers offer international Islamic financing for their projects in the UAE and Turkey.
Strategic urban developers, Kaizen Developments, headquartered in the UAE, have announced they are offering international Islamic financing for their development projects in both the UAE and Turkey. Kaizen Developments currently maintains a diverse portfolio of mixed-use, commercial, and residential developments.
Managing Director for Kaizen Developments, Amir Salam commented: « Kaizen Developments is proud to be offering Islamic financing to its customers and investors. We are one of the only real estate development firms currently offering Islamic financing internationally. We believe development is about providing unique and creative properties and investments, whilst servicing the needs of the customers.
Financing options for Kaizen Developments current projects in Dubai have been agreed upon with Badr Al Islami, the financing arm of Mashreqbank. Badr Al Islami is offering customers of Kaizen Developments’ the facility to borrow up to 70% for commercial and 90% for residential units.
In Turkey, Kaizen Developments has negotiated an arrangement with Kuveyt Turk, which will be providing up to 90% financing. Kuwait Finance House is the largest shareholder of Kuveyt Türk with its 62% share. The arrangement will offer Kaizen Developments customers financing in New Turkish Lira, US dollars and Euros.
« End user financing is an important aspect of what we want to achieve in terms of customer service. Kaizen Developments is a global leader in excellence and this is just one example of our commitment to that ideal » concluded Mr. Salam.
Kaizen Developments is an established international leader in strategic urban development. Headquartered in Dubai, operations span from the United Kingdom and Turkey to the Arabian Peninsula. Deriving its name from the Japanese philosophy of an ongoing commitment to excellence; Kaizen Developments personifies its name through a proven commitment to the enhancement of its business practices in order to deliver outstanding international urban developments to its customers and partners. The company’s portfolio includes the full range of development and investment opportunities spanning commercial, residential, and mixed-use developments.
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Le Journal RIBH 