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Islamic Finance Briefing - Categorized | Banking, Investment more

Dubai Islamic Bank wins control of mortgage lender

Posted on 27 September 2010

From Businessweek.com: Dubai Islamic Bank assumed control of troubled mortgage provider Tamweel on Sunday, boosting its stake in a bid to spur real-estate lending in the debt-laden emirate.
The deal carried the blessing of Dubai’s government, which announced the transaction before the bank itself did……………………………………….Full Article: Source

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