{"id":130348,"date":"2025-03-13T08:56:29","date_gmt":"2025-03-13T08:56:29","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/proposed-mortgage-law-would-be-a-game-changer-for-kuwaiti-banks\/"},"modified":"2025-03-13T08:56:29","modified_gmt":"2025-03-13T08:56:29","slug":"proposed-mortgage-law-would-be-a-game-changer-for-kuwaiti-banks","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=130348","title":{"rendered":"Proposed Mortgage Law Would Be A \u2018Game Changer\u2019 For Kuwaiti Banks"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>One of the most anticipated reforms of 2025 is a new mortgage law, now under discussion between government ministries, banks, and the Central Bank of Kuwait (CBK). If approved, the legislation, which has been under discussion for years, would allow commercial lenders to issue housing loans; currently, only the state-owned Kuwait Credit Bank may do so.<\/p>\n<p>\u201cThat\u2019s a game changer for banks in Kuwait,\u201d says Ahmed Al-Duwaisan, acting CEO and managing director of Corporate Banking at Al Ahli Bank of Kuwait. \u201cOnce the mortgage law comes out, it would help the retail business significantly. That\u2019s a new avenue for conventional banks like us.\u201d<\/p>\n<p>According to local media reports, the new law would allow commercial banks to lend up to $750,000 over a term of up to 25 or 30 years; the current cap is 15 years. The required debt-to-income ratio is also expected to increase, giving borrowers more flexibility.<\/p>\n<p>With over 100,000 pending home-loan applications, demand is immense, but also a significant growth opportunity for Kuwait\u2019s banking industry.<\/p>\n<p>\u201cAs government discussions on mortgages ramp up again,\u201d says Abdullah Al-Tuwaijri, CEO of Consumer, Private &amp; Digital Banking at Boubyan Bank, \u201cwe believe there to be an opportunity for all banks to contribute to solving the housing problem in Kuwait, which in turn will lead to additional potential growth opportunities.\u201d<\/p>\n<p>The proposed reforms are also expected to impact real estate investment.<\/p>\n<p>\u201cReforms such as the proposed mortgage law and the recently implemented laws to prevent land monopoly will support local real estate, which is an important asset class for investors,\u201d says Ali Khalil, CEO of Markaz, a Kuwaiti asset management and investment bank. The emirate\u2019s real estate market has already shown impressive growth, as sales increased 36% year-over-year in 2024. And housing is expected to be a key driver in the government\u2019s ambitious $121 billion suite of megaprojects, further fueling the sector\u2019s expansion.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>One of the most anticipated reforms of 2025 is a new mortgage law, now under discussion between government ministries, banks, and the Central Bank of Kuwait (CBK). If approved, the legislation, which has been under discussion for years, would allow commercial lenders to issue housing loans; currently, only the state-owned Kuwait Credit Bank may do [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":130350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[11297,16221,1256,56795,12685,11008,17297],"dealstore":[],"offerexpiration":[],"class_list":["post-130348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-banks","tag-changer","tag-game","tag-kuwaiti","tag-law","tag-mortgage","tag-proposed"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Proposed Mortgage Law Would Be A \u2018Game Changer\u2019 For Kuwaiti Banks - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=130348\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proposed Mortgage Law Would Be A \u2018Game Changer\u2019 For Kuwaiti Banks - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"One of the most anticipated reforms of 2025 is a new mortgage law, now under discussion between government ministries, banks, and the Central Bank of Kuwait (CBK). If approved, the legislation, which has been under discussion for years, would allow commercial lenders to issue housing loans; currently, only the state-owned Kuwait Credit Bank may do [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=130348\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-13T08:56:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/03\/Abdullah-Al-Tuwaijri-Chief-Executive-Officer-\u2013-Consumer-Private-Digital-Banking-Boubyan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=130348#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=130348\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Proposed Mortgage Law Would Be A \u2018Game Changer\u2019 For Kuwaiti Banks\",\"datePublished\":\"2025-03-13T08:56:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=130348\"},\"wordCount\":321,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=130348#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/03\/Abdullah-Al-Tuwaijri-Chief-Executive-Officer-\u2013-Consumer-Private-Digital-Banking-Boubyan.jpg\",\"keywords\":[\"Banks\",\"Changer\",\"Game\",\"Kuwaiti\",\"law\",\"mortgage\",\"Proposed\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=130348#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=130348\",\"url\":\"https:\/\/fivemor.com\/?p=130348\",\"name\":\"Proposed Mortgage Law Would Be A \u2018Game Changer\u2019 For Kuwaiti Banks - 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