Sat, Sep 20, 2014
A A A
Welcome bhaimia
RSS

Mega-bank delay adds to Tamweel, Amlak woes

Posted on 02 July 2009

From Maktoob.com: The delay in the proposed merger of Dubai-based mortgage lenders Amlak and Tamweel is likely to further erode investor confidence at a time the UAE’s property and stock markets are in desperate need of more funds, analysts warned on Wednesday.

The two housing finance providers controlled more than half of Dubai’s once-booming housing finance market but their lines of credit dried up in the wake of the global financial crisis and government was forced to look at merging the struggling Islamic mortgage lenders………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.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930