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Noor Islamic sees up to 50% rise in mortgages

Posted on 18 June 2009

From Arabianbusiness.com: Noor Islamic Bank said on Wednesday its mortgage business is 40-50 percent up on the start of the year, a further sign UAE banks are easing lending.

Speaking on the sidelines of the Dubai Property Society, a gathering of real estate experts, Fahd Reaz senior product manager in personal and home finance for Noor Islamic Bank said: “Things have improved from last year, it’s a stable situation. The market has improved.”……..Full Article: Source

 
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