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Shariah loans reach five-year low on property

Posted on 06 July 2010

From Bloomberg: Shariah-compliant loans slumped to a five-year low in Europe, the Middle East and Africa in the first half on credit-ratings downgrades and falling property prices.
Islamic syndicated loans declined 40 percent to $2.2 billion, compared with a 5 percent drop in total lending to $304 billion, according to data compiled by Bloomberg. Real-estate prices have dropped 50 percent in the United Arab Emirates from their peak in August 2008, according to estimates from Colliers International……………………………………….Full Article: Source

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