A leading economist says the practice of jailing debtors is morally wrong. In the rest of the world it is the banks’ responsibility to try to assess the credit worthiness of individuals. Prof Batchelor is trying to rebuild Dubai’s image. He thinks …
The Shoura Council has completed 12 sittings regarding the draft of the mortgage law and to solve the differences of opinion. However, a timescale for when the draft law would be approved has not been given. The implementation of the Saudi mortgage law…
Razi Fakih, HSBC Amanah deputy chief executive, says the company is optimistic and sukuk is unlikely to fade out. HSBC has already served as Islamic bond manager on 13 sukuk issues in the first half of the year according Reuters Data. Research firm Oli…
Saudi Arabia’s parliament delays the decision concerning the mortgage law until the members return from summer recess. Saudi Arabia, the Middle East’s biggest economy, needs 1.2 million new homes by 2015, says the Deutsche Bank research.
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