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Islamic Finance Briefing - Categorized | Finance, Performance more

Amlak tumbles into red as writedowns weigh

Posted on 31 August 2009

From Thenational.ae: Amlak Finance, the home finance company in merger talks with its rival Tamweel, lost Dh67 million (US$18.2m) in the second quarter as it took provisions on mortgages made on incomplete properties.

The sharia-compliant finance firm based in Dubai had reported a net profit of Dh145m for the same period a year earlier, it said…………..Full Article: Source

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


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