Ejara...the winning horse for real estate financing

As we are at the beginning of a new year, questions have recently been raised about the new real estate financing programs made possible by Law No. 55 of 2014 amending some provisions of Real Estate Finance Law No. 148 of 2001, especially the leasing program, after the Board of Directors of the Financial Supervision Authority recently issued Resolution No. 12 of the year 2022 regarding the rules and standards for practicing real estate financing activity, which “allowed the financier to grant financing at a rate of 100% of the value of the property in cases of financing through the leasing system,” despite the start of dealing in the leasing program since 2014 through real estate financing companies, which number about 15 real estate financing companies. It was not dealt with through Egyptian banks in the banking sector under 
the umbrella of the Real Estate Finance Law except through one bank only during the year 2021.