Long term real estate finance that allows people to own home will go a long way in building sustainable domestic demand and spur international and domestic investment said Mohammed Ali Al Hashimi, CEO of AMLAK Finance, according to Khaleej Times.
Speaking at an open discussion at the International Islamic Finance Forum (IIFF) Al Hashimi said: “With access to long-term home finance and mortgages comes the dignity and pride that is consistent with home ownership. But it goes beyond pride. A vibrant home finance and mortgage market not only strengthens the middle class, but also has enormous ripple effects on economies, triggering domestic demand for construction material such as cement and steel, home consumer items and a whole array of home related services.”
