From Arabianbusiness.com: Tourism Development & Investment Co, a state-owned developer of hotels in Abu Dhabi, signed an agreement with Abu Dhabi Islamic Bank to provide home financing on Abu Dhabi’s Saadiyat Island.
The mortgages, which will comply with Islamic banking rules, will offer financing of as much as 85 percent and profit rates starting at 6 percent, TDIC said in an e-mailed statement on Tuesday. The offer, effective immediately, will be in addition to existing finance agreements, TDIC said……………………………………….Full Article: Source