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Tamweel nets profit; Amlak shaves Q2 loss

Posted on 17 August 2010

From Khaleejtimes.com: Dubai-based mortgage company Tamweel reported on Monday its fourth straight quarterly profit while its rival, Amlak Finance, said it narrowed its loss as provisions for bad loans fell in the second quarter.
Tamweel posted a net income of Dh5.4 million in the three months to June 30, compared with a loss of Dh35 million a year ago, the UAE’s leading Shariah-compliant mortgage provider said in a statement to the Dubai bourse……………………………………….Full Article: Source

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