Sunday 20 April 2014
Islamic mortgage

Tamweel to start trading in 10 days

Islamic mortgage lender Tamweel, which stopped trading its shares in November 2008, will resume trading on the Dubai bourse in ten days, an Arabic daily newspaper said on Tuesday. Abdulla Al Hamli, the chairman of Tamweel was quoted by Al


Amlak posts $60m loss as income drops

Dubai-based Islamic mortgage lender Amlak reported a net loss of Dh219 million ($59.64 million) in 2010, as property-related income dropped and the lender booked impairments on its Islamic financing and investment assets. The company regis


Emaar may 'raise stake in Amlak'

Dubai developer Emaar Properties may raise its stake in troubled Islamic mortgage provider Amlak but has not decided by how much, Emaar's chairman said on Al Arabiya television. The United Arab Emirates' largest listed property fir


Dubai Islamic Bank ups stake in Tamweel to 57pc

Dubai Islamic Bank (DIB) raised its stake in Islamic mortgage firm Tamweel to 57.33 per cent, Dubai's government said on Sunday, in a move that will help revive lending in Dubai's battered property market. Dubai Islamic Bank, the e


Tamweel swings to profit in 'adverse' market

Dubai Islamic mortgage lender Tamweel, swung to a quarterly profit in a market that remains "adverse", while rival, and potential merger partner, Amlak's loss narrowed.    Dubai's once-booming property sector has suffered a


Tamweel swings to Q2 profit, Amlak cuts loss

Dubai Islamic mortgage lender Tamweel, which may merge with rival Amlak, said on Monday it swung to a second-quarter net profit of Dh5.4 million ($1.47 million). Tamweel made a loss of 35 million dirhams in the same period last year. Separ

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