Arab Developers Holding signs a cooperation protocol with Abu Dhabi Islamic Bank Egypt to offer mortgage finance to its customers in three different projects, Invest-Gate reports.
The group reiterates that it focuses on providing its customers with more untraditional services, including mortgage finance that complies with Islamic Sharia’s provisions and principles.
The signed protocol is an open mortgage finance agreement for a one-year term and is renewed annually automatically.
The agreement covers Nyoum October, Nyoum Pyramids, and Nyoum New Cairo projects.
ADIB Egypt will offer mortgage finance services to the customers of these projects with various repayment systems.