Saudi Arabia’s approval of a landmark mortgage law this week after a delay of more than three years will give rise to Islamic funding and tackle some of the challenges in the real estate sector in the Kingdom, National Commercial Bank (NCB) said.
Although all income segments will be positively impacted from the enactment of a mortgage law, those within the affluent segment will have greater freedom to either finance the construction of their own houses or to invest in the housing sector, NCB noted………………………………………..Full Article: Source