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Realty boom, finance demand to ‘benefit GCC banks despite challenges’

Posted on 04 November 2008

From Gulf-times.com: Exceptional growth in the real estate sector and increasing financing demand in the GCC countries have created valuable opportunities for banks and financial institutions but lenders are faced with operational challenges, according to a study.

The lack of specialised mortgage servicing, streamlined process workflows and use of technology as well as the non-existence of a rated servicing platform were challenging the financial institutions within the growing GCC mortgage markets, said a study by Capitas Group, a New York based firm with a track record of establishing Shariah-compliant specialty finance business….. Full Article: Source

 
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