Posts tagged as: Mortgage

Deloitte highlights requirements for a successful Saudi Arabia mortgage market

Deloitte highlights requirements for a successful Saudi Arabia mortgage market

<p>A new whitepaper released by Deloitte in July examines the potential mortgage industry in Saudi Arabia and highlights key issues that need to be addressed in order to create both lender and consumer confidence in this market. The whitepaper lists and describes the five laws that will make up the Finance Law, which are The Enforcement Law, The Real Estate Finance Law, The Registered Real Estate Mortgage Law, The Finance Lease Law and The Finance Companies Control Law. The description is followed by a discussion of lenders and consumers&rsquo; potential concerns with regards to the new mortgage infrastructure. In principle, the multi-dimension reforms appear sufficient to develop a functioning mortgage market. However, fundamental to this is whether they are executed in their entirety, or whether there is any uncertainty as to their exact definition.</p>
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<p><a href="http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62705" title="http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62705">http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62705</a></p>
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Deloitte highlights requirements for a successful Saudi Arabia mortgage market

Deloitte highlights requirements for a successful Saudi Arabia mortgage market

<p>A new whitepaper released by Deloitte in July examines the potential mortgage industry in Saudi Arabia and highlights key issues that need to be addressed in order to create both lender and consumer confidence in this market. The whitepaper lists and describes the five laws that will make up the Finance Law, which are The Enforcement Law, The Real Estate Finance Law, The Registered Real Estate Mortgage Law, The Finance Lease Law and The Finance Companies Control Law. The description is followed by a discussion of lenders and consumers&rsquo; potential concerns with regards to the new mortgage infrastructure. In principle, the multi-dimension reforms appear sufficient to develop a functioning mortgage market. However, fundamental to this is whether they are executed in their entirety, or whether there is any uncertainty as to their exact definition.</p>
<div>
<div>Source:&nbsp;</div>
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<div>
<p><a href="http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62705" title="http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62705">http://www.bi-me.com/main.php?c=3&amp;cg=3&amp;t=1&amp;id=62705</a></p>
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Dubai’s Amlak confirms $1.9bn debt restructure talks

Dubai’s Amlak confirms $1.9bn debt restructure talks

Property lending company Amlak Finance is in discussion with creditors about restructuring about AED7bn (US$1.9bn) of debt. This is the latest try to resurrect a victim of Dubai’s property crash. THe creditor committee consists of six members including…

UPDATE 1-Dubai Islamic Bank to fully acquire mortgage firm Tamweel

UPDATE 1-Dubai Islamic Bank to fully acquire mortgage firm Tamweel

On Thursday , Dubai Islamic Bank announced its board’s approval of the plans to fully acquire its mortgage unit Tamweel. The bank already holds 58.2% of the stakes. It further intends to make a tender offer to buy all shares off Tamweel’s other shareho…

Outlook & Review 2012/2013

Outlook & Review 2012/2013

Dear Reader,
Islamic finance had another great year. Many of its market segments progressed, like for example the Sukuk market gaining more maturity. Despite the ongoing debt crisis a good sign of hope and happiness.
Nevertheless we are – as an industr…

ICD cements plans to launch mortgage finance company

ICD cements plans to launch mortgage finance company

Earlier this week, the Islamic Corporation for the Development of the Private Sector (ICD) was host to a meeting on a high level discussing the launch of a new national home finance company with committed shareholders. The brand name of the company wil…

Attijari Al Islami launches new mortgage products

Attijari Al Islami launches new mortgage products

An improved version of Attijari Al Islami’s Ijarah Home products has been introduced to the public. Thus, UAE nationals and residents are enabled to afford their dream home compliant to the principles of Shariah. The improved version contains some new …

New SAMA regulations to boost home mortgage

New SAMA regulations to boost home mortgage

The long awaited regulations on real estate financing, leasing and supervision of financial companies are now eventually being issued by the Saudi Arabian Monetary Agency (SAMA). Meanwhile, Saudi Arabia is getting ready to open up its mortgage market. …

Islamic finance title from German translated to Chinese

Islamic finance title from German translated to Chinese

Dear Reader,
The German language book on Islamic finance by the Editor of IslamicFinance.de and Dr Wackerbeck from Booz Consultants is now translated to Chinese.
Please find the biographical information below:
Authors: Michael Gassner / Philipp Wacker…

Islamic finance job openings October 2012

Islamic finance job openings October 2012

IslamicFinance.de offers an overview about new job openings of October 2012 herewith – firms aiming to be included please send a job profile/hyperlink to newsdesk@islamicfinance.de – the full details of the advert has to be accessed by the hyperlink be…

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