23 Hrs
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المصري اليوم
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Banking Expert: Shariah-compliant financing boosts real estate market
Reports have indicated that the Egyptian Financial Regulatory Authority has approved a shared financing program in the real estate financing sector, allowing multiple financial companies to jointly finance a single client. The program aims to distribute risks among the companies and increase financing opportunities for a wider range of customers, especially amid rising property prices. However, real estate financing figures remain limited compared to the market size, and experts emphasize the need to develop financing tools and expand the beneficiary base to boost market activity and support property ownership.
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