CBUAE issues new instructions for Sheikh Zayed Housing Programme
The Central Bank of the UAE (CBUAE) has issued updated instructions governing the Sheikh Zayed Housing Programme, which provides subsidised housing finance to UAE nationals. Financial institutions participating in the programme must comply with the new requirements. Review the CBUAE guidance and update your lending policies and processes accordingly.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Participating financial institutions must review and implement the new CBUAE instructions for the Sheikh Zayed Housing Programme. Confirm compliance with updated requirements for loan origination, documentation, and borrower eligibility.
Source
“The Central Bank of the UAE (CBUAE) has issued updated instructions governing the Sheikh Zayed Housing Programme, which provides subsidised housing finance to UAE nationals. Financial institutions participating in the programme must comply with the new requirements.”
— Central Bank of UAE, 1 Jan 2022
Source: Central Bank of UAE — official 1 Jan 2022 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Participating financial institutions must review and implement the new CBUAE instructions for the Sheikh Zayed Housing Programme. Confirm compliance with updated requirements for loan origination, documentation, and borrower eligibility.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
1 Jan 2022.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/the-cbuae-issues-new-instructions-regarding-the-sheikh-zayed-housing-programme/
Subscribe — free
Get the next change before it's a deadline
The whole front, every morning. Free.