Wednesday 11, July 2012 by Robin Amlôt
Fitch comments on Saudi mortgage laws
The introduction of the mortgage laws in Saudi Arabia will improve the housing supply and social stability as well as provide diversification of the banking sector, said Fitch Ratings. However, it added that these benefits will not be instant because banks will approach the new market with caution. Saudi Arabia will issue regulations and licenses for mortgages based on the Islamic lease financing model in August.
