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Islamic Finance Briefing - Categorized | Banking, Finance, Property, Projects, Infrastructure more

EIB to help get projects moving

Posted on 04 August 2010

From Gulfnews.com: Emirates Islamic Bank (EIB) is the first Land Department-accredited bank to lend under Tayseer, the new initiative by the Dubai Government to guarantee financing for certain property developments, announced at the end of June.
EIB will have access to the Dubai government-backed guarantee scheme aiming to assure returns to participating financial institutions, protected by Dubai’s Real Estate Regulatory Agency’s (Rera) stress test of approved projects……………………………………….Full Article: Source

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