Regulatory Alerts2022-03-22
Transfer of Murabaha mortgage debt
The financial regulator issued this directive to formalize the transfer of Murabaha mortgage debt, establishing clear procedural requirements for lenders and borrowers regarding debt assignment. The document specifies the exact conditions under which mortgage debts can be transferred between financial institutions, ensuring full compliance with Islamic financing principles. Lenders must update their internal records and formally notify affected borrowers to validate the transferred debt obligations.
The Arabic and Finance Mu Al- -ah
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