Regulatory Alerts2022-01-01
Board of Directors Decision No. 12 of 2022
The Financial Regulatory Authority's Board of Directors issued Decision No. 12 of 2022, amending Article Eight of its Decision No. 111 of 2015 concerning real estate finance rules and standards. This amendment primarily revises the maximum financing percentage for residential purposes. While financing generally remains capped at ninety percent of the unit's value, it now explicitly permits financiers to grant one hundred percent financing for property value in cases utilizing the Ijara system.
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