Financial Authority approves Sharia real estate financing
The General Authority for Financial Control has decided to allow the use of participatory financing in the real estate financing sector, with the aim of providing new sources of funding and revitalizing the real estate market. This decision came after studying the legal and regulatory frameworks, and setting the rules and limits permitted for participatory financing to avoid risks and protect consumers' rights. The goal of the decision is to promote financial inclusion and stimulate real estate investment by offering flexible and diverse financing options.
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