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

Setting the record straight on cost of Islamic home loans

Posted on 08 May 2012

There is a general perception among consumers in Malaysia that Islamic home financing is more expensive than the conventional one, and they could not be more wrong. With the government’s strong commitment towards its development and various incentives, Islamic banking is now more attractive than it was initially.
In fact, said Hong Leong Islamic Bank Bhd chief executive Raja Teh Maimunah Raja Abd Aziz, rates for Islamic home financing are generally the same as the conventional ones………………………………………..Full Article: Source

 
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