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

Reem Finance to offer mortgage for Hydra village units

Posted on 07 October 2009

From Khaleejtimes.com: Reem Finance and Hydra Properties announced a partnership to provide Islamic mortgage finance to all properties within the Hydra Village development, located close to the airport and the main Abu Dhabi-Dubai highway.

The mortgages offered by Reem Finance for Hydra Village are entirely Shariah-compliant and offer eligible applicants up to 80 per cent finance for anything from seven to 15 years, and a debt service ratio of 60 per cent. Interest rates are competitive and will depend on the mortgage specifics………………Full Article: Source

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