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Malaysian shariah mortgages surge

Posted on 20 June 2012

Islamic mortgages in Malaysia are growing at three times the pace of non-syariah-compliant home loans, boosted by tax incentives and flexible payments.
Residential loans that comply with the tenets of Islam increased by an average 37 per cent in the past five years, compared with 11 per cent for non-Islamic financing, central bank data show. Syariah-compliant lending for housing purchases reached an all-time high of RM40.6 billion (US$12.9 billion) in April, or 15 per cent of the RM270 billion market………………………………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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