Regulatory Alerts2015-01-01
Financial Regulatory Authority Board of Directors Decision No. 111 of 2015 on Rules and Standards for Real Estate Financing Activities
The Financial Regulatory Authority issued Decision No. 111 of 2015 to establish comprehensive rules and standards governing real estate financing activities in Egypt. The decision mandates licensed financiers to ensure investor protection through transparent disclosures, clear repayment schedules, Sharia compliance verification, and adequate collateral requirements. It further sets strict financial controls, including a maximum 90% financing-to-value ratio for residential properties, insurance stipulations, and mandatory periodic reporting to safeguard market stability.
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