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Shariah loans hit 5yr low on property blues

Posted on 12 July 2010

From Gulf-times.com: 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% to $2.2bn, compared with a 5% drop in total lending to $304bn, according to data compiled by Bloomberg. Real-estate prices have dropped 50% in the UAE from their peak in August 2008, according to estimates from Colliers International…………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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