Home

Saudi mortgage law to boost takaful industry

Wed, 2012-07-25 10:39 — newsdesk

According to the Saudi Arabian Mortgage Law which was adopted by the Council of Ministers earlier this month, insurance will be a prerequisite for mortgages. This means that without insurance, no No mortgage finance provider would finance a house. The new law is expected to affect positively or even to boost the Saudi insurance market and the mortgage takaful in particular.

Source: 

http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20...