From Thenational.ae: Tamweel, one of the country’s biggest Islamic mortgage providers, has started to repossess defaulted properties and intends to apply much stricter rules when it starts lending again.
Dubai Islamic Bank (DIB) has increased its stake in the company in a move expected to pave the way for Tamweel’s return to home lending. Its shares were suspended almost two years ago along with those of its rival Amlak Finance, after both halted lending……………………………………….Full Article: Source