IslamicFinance.de

Contrary of what people thought, the adoption of the draft mortgage law has been delayed. The Shoura Council's Finance Committee will change some in the aspects of the definition and disbursement of a mortgage loan. After that, the draft law will be again submitted to the full Shoura Council at a future session for adoption.
Such a proccess can take a few months at least. Saudi bankers began to express their exasperation because of this never ending proccess and they state out that such things should have been discussed at the beginning.