Dubai Islamic Bank mortgages go to Tamweel

Posted by on Nov 9th, 2010 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Dubai Islamic Bank (DIB) will transfer most of its mortgage activity to Tamweel after taking a majority stake in the Islamic home finance company.
The move comes as the mortgage company resumes lending for the first time in two years.
Tamweel's board is going to meet tomorrow to discuss the appointment of new members and to approve financial statements for 2008 and last year.

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