Economie

The Central Bank allows banks to finance real estate


Khartoum: Rasha Al-Tom

Yesterday, the Central Bank of Sudan issued a circular stipulating the exclusion of financing wheat import operations from the concentration of financing until the end of the year 2021 AD, with the need to obtain sufficient guarantees that allow banks to manage risks in a proper way, and enable them to recover their money.

The circular allowed banks to finance real estate and construct real estate, provided that the financing includes individuals and institutions, provided that the plot of land to be built is owned by the client requesting financing, and the maintenance of the shelter should be owned by the client requesting financing, and it was decided that the financing should be in the form of speculation and participation.

Source: As-Sahih newspaper

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