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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

GCC countries set to see growth of islamic mortgages

Posted on 03 November 2011

GCC countries are set to see significant growth in the Islamic mortgage sector, as, with 65% of the population under the age of 30 demand for affordable housing is predicted to soar.
Qatar and Saudi Arabia are expected to experience higher growth than other markets due to increased economic activity, and demand is also expected to expand in Oman, as three Islamic banks have recently been licensed to operate in the sultanate………………………………………..Full Article: Source

 
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