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Saudi mortgage law: Potential model for GCC

Posted on 24 May 2010

From Arabnews.com: The Middle East is waiting with bated breath for the adoption of Saudi Arabia’s mortgage law. Mortgage providers stress that the Saudi law would be a precedent and a potential model for the other Gulf Cooperation Council (GCC) countries to follow.
The GCC mortgage market is potentially tens of billions of dollars in size, and according to several mortgage providers more customers in the GCC are opting for Islamic mortgages………………………………….Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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