24 Hrs
Source:
المصري اليوم
Ban on installment gold and silver sales
The General Authority for Financial Control issued two directives to consumer finance companies regarding the prohibition of financing gold and silver bars and jewelry, as well as platinum as consumer goods. This is because they are considered investment tools and are not included among the goods permitted for financing according to the law. Additionally, the authority mandated that companies submit quarterly reports related to interest rates and administrative expenses on loans, with the aim of enhancing transparency and protecting consumers. These measures are part of efforts to regulate the market and ensure financial stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)