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Tamweel , the UAE Islamic home finance provider, net profit dropped 29 per cent to Dh72 million in 2012 as compared to Dh102 million in the previous year due to exceptional provisions relating to certain ongoing litigations for which the company made full provision while continuing to fight its rights.
Tamweel reported operating income at Dh603 million in 2012 compared with Dh601 million in 2011……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Finance, Performance more
Tamweel net profit drops 29pct
| Posted on 24 January 2013 |
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