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Gulf Africa, Mi Vida homes pen homes financing deal
Mi Vida Homes CEO Samuel Kariuki (L) and Gulf African Bank CEO Anuj Mediratta during the signing of a pact to offer customers Shariah-compliant home financing. PHOTO | DIANA NGILA | NMG
Gulf African Bank and real estate developer Mi Vida Homes have signed a mortgage financing agreement to fund homebuyers at the company’s Garden City project at a rate of 11.75 percent.
The lender on Monday said the Shari’ah-compliant facility will be open to both customers and non-clients, and will also be extended to any new project by the homes developer.
