Sakana Wins ‘Best Islamic Mortgage Provider’ Award

Khaleej Times- Bahrain-based Sakana Holistic Housing Solutions, the innovative Islamic mortgage finance provider, has won the ‘Best Islamic Mortgage Provider of the Middle East’ award at the International Real Estate Finance Summit in London.

Organised by ICG Events, the summit, with backgrounds in finance, development, regulation, consulting and investing among others, highlighted the potential synergy that exists between the GCC and UK. While the global real estate sector and conventional banking face extremely challenging times, delegates heard that the GCC and Islamic mortgage finance, in particular, offer opportunities for sustainable real estate sector growth. The summit was attended by over 150 professionals from around the world.

R. Lakshmanan, CEO of Sakana, accepted the award in person, having delivered a well-received presentation on the GCC real estate sector to the summit.He said, “This award reflects the unstinting efforts of our dedicated team, our focus on innovation, simplicity and a holistic approach to real estate solutions. As one of the first stand-alone Islamic mortgage providers in Bahrain, we have successfully introduced new concepts to a market that had little previous exposure to mortgages. ”