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Mortgages Set to Debut in Taliban-Hit Afghan Housing Market

By Tony Seruga

Strong demand for mortgage loans among urban renters in Kabul
Tiny finance sector ready to expand despite security concerns

Bank-e-Millie Afghan, the nation’s oldest state-run lender, is planning to roll out the country’s first mortgage product as regular attacks from Taliban militants fail to stem a surge in home constructions.

The lender’s plan, to offer loans under Sharia law that prohibits charging interest, is expected to expand the banking sector, boost the amount of cash in circulation and open up access to mortgages to those who strictly adhere to Islam, economists said…

Mortgages Set to Debut in Taliban-Hit Afghan Housing Market

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