John Keells Properties (JKP) has partnered with HNB Islamic Banking
to offer a Sharia-compliant financial solutions for customers looking
to invest in their upcoming TRI-ZEN residential development in Colombo.
The collaboration will offer attractive rates which are competitive
in the current mortgage market through the Islamic Banking Finance
system, which utilizes an asset-backed equity-based alternate financing
method.
The principle used is “Diminishing Musharakah”, a rental based
investment where the customer and bank jointly invest in a tangible
asset. A key feature is that it does not involve ‘interest’ and is,
therefore, an attractive option for people from faiths that prohibit
interest or for those seeking alternate financing options.
“As the country’s leading property developer, John Keells Properties
has always been at the forefront of innovation and introduced
attractive financial solutions for our customers. This is our first
collaboration to offer Sharia-compliant financial solutions and we are
excited to have a leading institution such as HNB Islamic Banking on
board,” said Nadeem Shums, JKP Head of Sales & Marketing and John
Keells Holdings Vice President.
“HNB Islamic Banking is equipped with years of experience in
Sharia-compliant financial solutions. Customers will be able to avail
of the full suite of HNB Finance’s financial facilities and services in
order to purchase a TRI-ZEN apartment in the heart of Colombo on
affordable terms,” explained Hisham Ally, AGM Islamic Banking at HNB.
Hatton National Bank Plc is Sri Lanka’s most innovative bank and the
first top tier bank to enter into Islamic banking. HNB Islamic Banking
commenced operations in 2012, began winning multiple awards in many
local and international forums from its second year of operation, and
now stands as the most sought-after Islamic banking service provider
currently in the market.
HNB Islamic Banking has a highly experienced staff with a dedicated
office located at Marine Drive, Colombo 03. Customers can simply walk
into the Islamic Banking office at Colombo 03 or any other HNB Branch
to experience its supreme service and offerings.
TRI-ZEN is a highly anticipated joint venture between Indra Traders
(Pvt) Ltd. and John Keells Holdings PLC. It is expected to reach
completion in 2023. Located in Union Place, Colombo 02, the 53-storey
residential development will house 891 one, two, and three-bedroomed
apartments and will be equipped with smart-living features and
state-of-the-art facilities. A key feature of TRI-ZEN is its
competitive pricing – with two-bedroomed apartments starting at LKR 35
million.
The development is located in the heart of Colombo 02 with easy
access to public transport terminals, offices, leading schools,
hospitals, hotels, and F&B and retail arcades in Colombo.
For more information on TRI-ZEN, visit: www.trizen.lk
Photo Caption – JKP Head of Sales & Marketing & JKH VP Nadeem Shums and JKP Sector Head Nayana Mawilmada with HNB DGM Retail Banking Sanjay Wijemanne, HNB AGM Islamic Banking Hisham Ally, and HNB Chief Manager PFS Kanchana Karunagama
