<The number of beneficiaries of the accelerated loan to provide housing solutions is expected to reach between 200 to 300 thousand eligible applicants to the Real Estate Fund, and this product comes within fifteen initiatives launched by the Real Estate Fund to provide a package of practical solutions to facilitate housing ownership, and raise the supply of housing, especially in major cities, and to clarify the details of the accelerated loan mechanism, the Real Estate Development Fund will hold next Wednesday an important meeting to discuss more details related to the accelerated loan, and the Murabaha rate on the loan, according to a legal formula approved by the Sharia bodies of these institutions, as the loan will be available to everyone without exception It is expected that the date of launching the accelerated loan initiative will be after the current holy month of Ramadan, through the second meeting with all local financial institutions, including banks and real estate finance companies.

A source stressed that the accelerated loan initiative is expected to be launched after the current holy month of Ramadan. In the same context, an official source in the Real Estate Development Fund stressed that the accelerated loan has already been emphasized that it will be according to an approved Sharia formula, stressing that the Real Estate Fund as a government institution is keen to ensure that its various products that it offers to beneficiaries are according to an approved Sharia formula from the concerned Sharia bodies, which will be a partner with the Fund in offering it by local banks.

An official source in the Real Estate Development Fund stressed that the accelerated loan will be available to all without exception.