Mon, Jul 28, 2014
A A A
Welcome bhaimia
RSS

Amlak sees rise in mortgage defaults in ‘09

Posted on 06 May 2009

From Maktoob.com: Mortgage defaults are expected to rise in Dubai this year due to the global downturn, Amlak Finance, an Islamic lender being rescued by the government, said on Tuesday.

“We are experiencing more delinquencies in terms of mortgages in 2009 and it will be very challenging to manage going forward,” Max Hamidi, chief financial officer at the Islamic mortgage firm, said at a conference…….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031