In an Islamic mortgage
situation both the bank and the client share ownership [equity] and therefore share the risk of equity ownership.
Dubai-based real estate developer Damac Properties has tied up with Islamic mortgage
finance firm Amlak Finance to allow property developer's existing customers to purchase a second property its completed and off-plan portfolio with zero capital to be paid up front.
Othman, said, 'We are also working on extending more products such as the ASB Islamic financing and Flexi Islamic mortgage
to our RHB Easy service, which offers fast and seamless 10-minute banking system.
Dubai: Islamic mortgage
company Amlak Finance on Wednesday said it completed financial and debt restructuring deal with its creditors.
An Islamic mortgage
is an alternative to a traditional mortgage and conforms with Islamic law, which forbids both the payment and receipt of interest.
provider Tamweel will go ahead, as a result of approval received from the Securities and Commodities Authority.
Dubai-based Islamic mortgage
provider Tamweel posted a 46.
MANAMA: Sakana Holistic Housing Solutions, the Islamic mortgage
finance provider, has successfully implemented the cheque receivables system (CRS) from Bahrain-based IT solutions firm Rsquare Technologies.
Summary: Jeffrey Graham, Partner for Borden Ladner Gervais, explains the potential of Islamic mortgage
lending in Canada
Summary: Islamic mortgage
lender Tamweel, badly hit by the global financial crisis and the region's property bust, has set up a $1 billion bond programme, according to a base prospectus.
Trading of the shares of the company was stopped in November 2008 after the government said that it was planning to merge the company with Islamic mortgage
lender, Amlak (AMLK.
Pursuant to the anticipated adoption of a Saudi mortgage law, several groups have moved to established Islamic mortgage
companies, which are seen as lucrative consumer finance providers for a socially progressive activity, affordable housing development and provision.