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

Amlak sinks into the red for year

Posted on 26 April 2010

From Thenational.ae: Consumer mortgages were a rare bright spot last year for Amlak Finance, as the struggling Islamic mortgage lender reported an annual loss of Dh155.6 million (US$42.36m).

The company, which is based in Dubai, is listed on the Dubai Financial Market and is partly owned by Emaar Properties, made Dh89.3m on retail financing activities last year, according to results released yesterday…………………………………..Full Article: Source

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