Sami has been dreaming about building his own house after getting employed. He has been employed in a small private com- pany for the last 2 years and earning a salary of $ 395 per month. He wants to now build his dream house on a plot that he has got in Dubai. He has approached an engineering consultant for building this house, who has given him an estimation for $ 75,000 for this house. Sami has got savings of $ 10,000 in his bank account and has no other income other than his salary. Sami has approached for your guidance on the most suitable option to raise the needed finance for building this house. Alt- hough there are various housing loan schemes from different banks, he is keener on getting a loan from Dubai Housing Bank. You are required to give more information to Sami on the following: a) Why Dubai Housing Bank is more suitable for Sami's financing needs? How is this bank different from other commercial banks in its operations? b) What is the maximum amount Sami can get from Dubai Housing Bank and how much maximum time will he get to repay, this loan? What will be the rate of interest per annum? c) Does Sami need a guarantor for this loan? How the bank does secures its loans so that it does not lose money if someone is unable to pay back