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Islamic Finance Briefing - Categorized | Finance, Insurance (Takaful), Market Moves more

Amlak-Tamweel issue in final stage

Posted on 20 March 2009

From Gulfnews.com: A possible merger of the UAE’s largest Islamic mortgage providers, Amlak Finance and Tamweel, is in the final stages of being resolved, while the liquidation option has been taken off the table, Sultan Bin Saeed Al Mansouri, Minister of Economy, told reporters on Thursday.

Merger talks began in November between the two financing entities to come under the umbrella of the Real Estate Bank (REB), when credit-dry global markets restricted local access to funds……Full Article: Source

 
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