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The Governor of the Palestinian Monetary Authority is allowing banks to loan for the purchasing of shares

2007-09-20
 

The Governor of the Palestinian Monetary Authority is allowing banks to loan for the purchasing of shares

The loan program is governed by regulations to ensure the safety of banking.The Monetary Authority governor Dr.George Alabed announced new instructions allowing banks to grant loans for the purpose of investment financing in shares within provisions and criteria to ensure the safety of the depositor’s funds.