BIDAYA HOME FINANCE WINS FOUR TOP DIGITAL BANK AWARDS FOR THE YEAR 2019 BY GLOBAL FINANCE
Bidaya Home Finance, the leading Islamic home financing company in the Kingdom of Saudi Arabia, has won four prestigious awards in the consumer digital banking categories for Best Bill Payment & Presentment, Best in Social Media & Marketing Services, Best Digital Mortgage Bank and Best Islamic Digital Bank.
The award winners were selected based on stringent criteria including strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth in numbers of digital customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives, and web/mobile site design and functionality.
Expressing his delight at the wins, Mr. Mazin Al Ghunaim, CEO of Bidaya Home Finance said: “We are deeply honored at winning these three awards since they are global recognition of Bidaya’s pioneering leadership in developing and successfully implementing digital solutions in the Home Finance sector.”
He went on to say; “In the Kingdom of Saudi Arabia home ownership for all citizens is a key goal of Vision 2030 and at Bidaya we are committed to utilizing the most advance digital technologies to provide innovative easy-to-understand solutions that enable fast processing of online home financing applications in order to achieve our target of increasing homeownership to 60 percent by 2030.”
The four awards are continuous to ten previous prestigious awards won by Bidaya Home Finance, the award wins are mainly ascribed to the Company's successful implementation of a significantly higher standards, including the continuous provision of creative products and a superior level of customer services.
“Bidaya's products and services in the digital banking represent the future of this sector and are considered as its source of strength,” added Mr. Al Ghunaim. “They are seen as the main reason behind the success of our plans and strategies to attract new customers and help those who are interested in living more independently through achieving home ownership.”
As a leader in pioneering unprecedented initiatives and programs, Bidaya firmly upholds its promise to offering superior services and solutions in the housing finance market. It works consistently to facilitate citizens' access to housing finance and to date has succeeded in enabling more than 14,000 Saudi family members to benefit from the financing provided to help them own their dream homes.
About Bidaya Home Finance
Bidaya Home Finance was founded and launched as a joint stock company with a total paid-up capital of 900 million Saudi Riyals. Headquartered in Riyadh, Bidaya is licensed under the Saudi Arabian Monetary Agency (SAMA) and offers suite of Shari’ah compliant products to end-users and partners. Bidaya Home Finance has the preeminent composition of shareholders in the home finance space. It is sponsored by the Islamic Corporation for the Development of the Private Sector (ICD – a member of the Islamic Development Bank Group) and the Public Investment Fund, along with a cross-section of organizations committed to the enablement of home ownership.