Fri, Nov 28, 2014
A A A
Welcome bhaimia
RSS

Tamweel gives investors cause for optimism

Posted on 02 November 2010

From Gulfnews.com: In a significant boost for the local real-estate market, Islamic home finance company Tamweel PJSC has announced that it will resume lending to those wanting to purchase property. Tamweel has said that it will start offering up to 80 per cent financing of the current value of finished residential properties in Dubai and Abu Dhabi.

“Tamweel is back in business,” said Varun Sood, Chief Executive Officer, Home Finance Division. Given the large percentage of the local home-finance market held by Tamweel and its controlling shareholder, Dubai Islamic Bank, the same can perhaps be said for part of the local property market…………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930