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SABB offering Islamic mortgages to customers buying in Alfareeda

Posted on 05 July 2012

In line with Saudi Arabia’s Government’s initiative to facilitate home ownership for citizens, Ewaan Global Residential Company has signed an agreement with Saudi British Bank (SABB) providing Shari’ah-compliant home financing solutions to customers wishing to buy their own home in Ewaan’s Alfareeda residential project.
Fahad Al-Mutawae, CEO of Ewaan Global Residential Company, developers of the Alfareeda residential project said, “We are especially pleased that the Saudi British Bank has agreed to make home financing available for Alfareeda customers, which reflects SABB’s confidence in the project as a wise long term investment in a real estate property in the upcoming district of New Jeddah to the north of the city”………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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