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Islamic Finance Briefing - Categorized | Funds, Market Moves more

UAE’s $2.7bln debt fund signs deals with lenders

Posted on 09 February 2012

The UAE’s AED10bn ($2.7bn) fund to help pay off low-income citizens’ debts on Wednesday announced the signing of agreements with a number of lenders in the country.
The fund, set up by President Sheikh Khalifa bin Zayed Al Nahyan on the UAE’s 40th national day, said the agreements would outline a mechanism to settle personal loans of defaulters………………………………………..Full Article: Source

 
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