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Kingdom, Qatar set to lead growth of Islamic mortgage market

Posted on 24 October 2011

R. LakshmananThe development of mortgage finance is key to the growth of the housing sector in the Gulf Cooperation Council (GCC) countries where demand for affordable housing is set to increase significantly because of the demography of the region where some 65 per cent of the population is under 30 years old.

“Islamic mortgage finance is set to grow at varying levels in the GCC markets as compared to previous years,” explains R. Lakshmanan, chief executive officer of Bahrain-based Sakana Holistic Housing Solutions, one of the pioneers of Islamic mortgage finance in the GCC………………………………………Full Article: Source

 
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