| From Bloomberg: Amlak Finance PJSC and Tamweel PJSC, the United Arab Emirates mortgage lenders being reorganized by the federal government, may be merged into a new Islamic bank, the country’s economy minister said.
“The final proposal is to have an Islamic bank that operates like any other Islamic lender but with a bigger focus on property finance,” Sultan Bin Saeed al-Mansouri told Dubai Television today. “The federal government will have a capital contribution.” ...................Full Article: Source
|