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

Sakana cuts mortgage base rate by 0.25pct

Posted on 07 January 2010

From Ameinfo.com: Bahrain-based Sakana Holistic Housing Solutions the innovative Islamic mortgage finance provider has announced a reduction in its retail mortgage base rate by 0.25% (25 basis points) with effect from 3 January 2010, taking its new bench mark retail financing rate to 9.25% on a reducing balance basis.
This is the 2nd rate reduction in the last 4 months totaling to 0.50% (50 basis points)…………………………………….Full Article: Source

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