Tuesday 19 March 2024
 
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Tamweel

Tamkeen, BisB launch $50m portfolio to back firms

Tamkeen, Bahrain’s labour fund, and Bahrain Islamic Bank (BisB) have inaugurated a BD20 million ($53.03 million) portfolio to support medium and large enterprises. The scheme, under the Tamweel+ program launched by Tamkeen e

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Tamkeen launches new $52m loans portfolio

A portfolio of BD20 million ($52.6 million) has been launched under Tamkeen’s Tamweel Plus (Tamweel+) financing scheme based on partnerships with Al Baraka Islamic Bank and Ithmaar Bank, reported the Gulf Daily News, our sister pu

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Tamweel finances A320s for Virgin America

Tamweel Aviation Finance, the partnership fund of the Dubai-based Novus Aviation Capital, Airbus, Development Bank of Japan and Nord/LB, has closed its transaction with Virgin America covering three new A320 aircraft due for delivery in the firs

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Al Kifah unit enlists shari’a board for compliance

Saudi Arabia-based Tamweel for Trading & Installment Company (TTIC), the financial arm of Al Kifah Holdings, has signed an agreement with Shariyah Review Bureau (SRB) to achieve compliance in its financial programmes. SRB is a

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Tamweel Q3 profit triples as impairments fall

Dubai mortgage lender Tamweel on Wednesday said its third-quarter profit more than tripled from a year earlier due to lower provisions. The company made a profit of 27.6 million dirhams ($7.51 million) for the three months to Sept

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Dubai Islamic settles $1bn Tamweel liabilities

Dubai Islamic Bank has settled 4 billion dirhams ($1.09 billion) of liabilities from mortgage subsidiary Tamweel two years ahead of their maturity, the bank said on Thursday. This amounts to all of Dubai Islamic's bilateral li

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Tamweel Q2 profit rises 40pc

Dubai mortgage lender Tamweel reported a 40 percent rise in second-quarter profit on Thursday. Tamweel, which is due to delist from the Dubai Financial Market to allow parent company Dubai Islamic Bank to take full ownership, made

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Mortgage lender Tamweel to delist from Dubai bourse

Sharia-compliant mortgage lender Tamweel said on Monday its shareholders had approved the company's delisting from the Dubai stock exchange, paving the way for its acquisition by Dubai Islamic Bank. Dubai Islamic Bank said in

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DIB sets Tamweel share swaps date

  Dubai Islamic Bank (DIB) said it has gained the necessary approvals and authorisations from the government financial institutions to execute the share swap with Tamweel investors on Thursday (May

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DIB delays Tamweel share swap deadline

Dubai Islamic Bank (DIB) has announced that it has extended the deadline to March 30 for acceptance of Tamweel share swap applications, to allow adequate time for shareholders to complete administrative formalities. DIB is the majority

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