Finance

Overview The Islamic Mortgage is a trend which is broadening the home ownership base, particularly amongst Muslims. However, you do not need to be a Muslim to take advantage of the Islamic mortgage schemes which exist.   Muslims make up 5% of the UK population and it is predicted by Data Monitor that the Islamic mortgage market could be worth £4.4 ...

CONSOLIDATION/REFORMS OF THE MORTGAGE BANKING SECTOR IN NIGERIA By: Mortgage Banking Association of Nigeria (MBAN)   By April 30, 2013, the Primary Mortgage Banks are expected to be fully recapitalised according to the new CBN Revised Guidelines for Primary Mortgage Banks in Nigeria that had categorised Mortgage Banks into National and State Authorisation Licences. The National PMBs must have Paid-Up ...

 Nigeria is set to make history in its housing finance with the recent reforms in the Mortgage Banking Subsector and the entire Housing Finance landscape as a whole. With a fast growing economy and a rapidly proliferating and urbanizing population, a revamp of the inefficient housing and Housing Finance System has long been overdue. With a well functioning Housing Finance ...

    By April 30, 2013, the Primary Mortgage Banks are expected to be fully recapitalised according to the new CBN Revised Guidelines for Primary Mortgage Banks in Nigeria that had categorised Mortgage Banks into National and State Authorisation Licences. The National PMBs must have Paid-Up Capital/Shareholders’ Funds (Unimpaired By Losses) of N5 billion and can operate in all the ...

as the new mortgage refinance company is set to take off 3rd quarter of this year. The Mortgage Banking Association of Nigeria (MBAN) is the Umbrella body for all Mortgage Banks licensed by the Central Bank of Nigeria to engage in Mortgage Business in Nigeria. Its main focus is to ensure the access to mortgage finance for provision of affordable ...

Nigeria was recently overtook reported to have overtaken South Africa to become the largest economy in Africa after overhauling the GDP data in over two decades. As of today, Nigeria is the 24th largest economy of in the world. A lot bulk of that GDP has to be contributed to by the increasing construction and modern development activitiesy in the ...

Mortgage and finance Round Table 2012 Preamble Presently in Nigeria, as it is in many parts of the world, the economy is in the low ebb, recession which enveloped our universe seems not to be in a hurry to give in, regulations in all sectors of the economy are getting stiff, particularly in key sectors, consumers are fast making a ...