To Republic of Bashkortostan started the first Islamic mortgage

Photo: daily business newspaper "RBK daily" Ufa Public joint-stock company "Sberbank Russia" and service real estates Domklik reported about start pilot products "Murabakh's Mortgage" with observance of the principles of Islamic financings to Republic of Bashkortostan and Republic of Dagestan. Under the terms of the program in contract purchase and sale the price of housing will be specified already taking into account a margin, and payments are carried out by installments without payment of percent. It is possible to attract on purchase housing on an Islamic mortgage from 300 thousand to 100 million rubles for up to 20 years, the minimum initial contribution — from 30%. Sharia consulting council certified a new product. Apply for receiving such loans citizens can out of...