Arab Saudi baru ada loan rumah yg 'Halal'

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Arab Saudi baru ada loan rumah yg 'Halal'

Post by yat on Wed Jul 11, 2012 4:33 am

Lor, ingat dah ada lama dah (jaga2, baca artikel ni ada sedikit2 bau anti saudiyahh wal wahabiyyah

http://muslimvillage.com/2012/07/09/24987/home-to-mecca-brings-you-muslim-mortgage-law/?utm_source=MV-mail&utm_medium=Email&utm_content=Subscriber%2332733&utm_campaign=newsletter%209th%20Jul%202012



The kingdom of Saudi Arabia has always been a little unusual when it comes to Islamic finance and banking. Banks that were otherwise quite conventional, and which both paid and received interest, were proclaimed to be Islamic because ‘all banks in the kingdom are Islamic’. Since the KSA plays such an important place in Islam, being home to Mecca and other holy sites, it was felt that it would give off the wrong message if any banks were seen to be conventional.

The introduction of a truly Shari’ah compliant mortgage law in KSA, therefore, was always going to be a slow train coming but it appears that it has now happened. On Monday of this week Saudi Arabia’s cabinet approved its first ever mortgage law – partly prompted by concerns of popular unrest sparked by the surrounding Arab Spring – and partly prompted by a desire to address issues of regional economic imbalances.

The mortgage law has been on the drawing board for some years – over 30 years by some estimates – and the main stumbling block to its introduction seems to have been the issue of whether or not it would be fully Shari’ah compliant. The core point of contention seems to be that senior Shari’ah scholars believe that interpretation of the Shari’ah should be left to individual scholars to interpret as they see fit – and not codified into law. The law was approved as far back as 2008 by the Shura Council but the final draft was left for review and was only ratified this week.

The ramifications of this development for KSA could be enormous – and could also provide a useful fillip for the global Islamic finance market. KSA is estimated to need somewhere in the region of 1.5m new affordable housing units over the next few years. KSA has long had a lack of housing and a more acute lack of affordable housing so this development could be a game-changer in terms of the economic development of the nation.

There is also a question mark over how the kingdom’s financial services industry will respond to this development. To date the banking sector has been tightly regulated and foreign banks can only participate in the form of JVs with established Saudi banks. It seems likely that these banks rather than standalone Islamic home financing companies will issue the bulk of any new Islamic mortgages.

From a practical point of view Islamic home financing companies have to find a cheap source of capital since, without a banking license, they are unable to accept the automatic salary deposits that regulated banks can use to fund mortgages. The experience of Islamic home financing entities in the UAE where the mismatch between borrowing and lending terms caused havoc during the real estate bubble crash could hold some salutary lessons for any potential lenders in the kingdom.


Last edited by yat on Wed Jul 11, 2012 7:09 am; edited 1 time in total
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Re: Arab Saudi baru ada loan rumah yg 'Halal'

Post by abuzaid65 on Wed Jul 11, 2012 6:33 am

better late than never.. bior la lambat asalkan selamat dan berkat..
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Re: Arab Saudi baru ada loan rumah yg 'Halal'

Post by thtl on Wed Jul 11, 2012 5:28 pm

no comment, sebab ana belum sempat study banking sector kat KSA lagi...sebab kebanyakan bank kecuali al-Rajhi bank, yang lain bank saudi semua joint venture dgn bank mat saleh.
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Re: Arab Saudi baru ada loan rumah yg 'Halal'

Post by abgbob on Thu Jul 12, 2012 9:22 am

sistem perbankan saudi sama cam malaysia,ada bank laksanakan syariah sepenuhnya cam al-Rajhi,al-jazira,al-Bilad dan al-Inma,ada juga sekadar window syariah seperti bank NCB SABB..Holand dll.

Penbankan syariah bermula lebih lewat dari malaysia malah egypt pun(malaysia antara pelopor).KSA sekitar hujung 90an..awal 2000 gitu.Produk disana tak banyak..sekitar produk murabahah,mudarabah,manzili barakah(bank NCB rasanya),Installment(al-rajhi shj)istisna`,tawaruq dan ijarah.

semuanya dikawal oleh agensi pusat dan bank diberi lesen perlaksanaan syariah sepenuh atau sebahagian...WA

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Re: Arab Saudi baru ada loan rumah yg 'Halal'

Post by NAZ on Thu Jul 12, 2012 10:35 am

abgbob wrote:

Penbankan syariah bermula lebih lewat dari malaysia malah egypt pun(malaysia antara pelopor).

terbaik
Hebat juga Malaysia!!!!


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Re: Arab Saudi baru ada loan rumah yg 'Halal'

Post by thtl on Thu Jul 12, 2012 11:38 am

Naz,

saudi ni depa syadid bab aurat, solat dan akidah je...bab politik dan perbankan mmg kantoi...hehehe
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Re: Arab Saudi baru ada loan rumah yg 'Halal'

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