IslamicFinance.de

Saudi Arabia boasts with good news: home lending is growing rapidly in the second quarter of this year, faster than during any period in the last over four years. This is an indication that banks are open and willing to take risk as the nation's mortgage law comes into effect. Central bank data show an increase in the mortgage lending to 48 billion riyals (US$12.8 billion) which constitutes 83%. Copmared to this, the increase for the same period in UAE was lower than 1% and 34% in Qatar.

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