Tamweel Co. - TAMWEEL

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1.070 0.000(0.00%)
Last Update 17/04/2014 14:10 KSA
Stock Market: Dubai Financial Market
Official Sector: Banks
Market Cap Size: Small Cap
Gulfbase Sector: Financial Services

Company Overview

Establishment Date: 01/03/2004
Paidup capital: AED 1,000,000,000
Par value per share: AED 1.00
Outstanding Shares ('000): 1,000,000
Major Shareholders

Activity:


Tamweel is engaged in Islamic Sharia-compliant property financing and investment activities. Headquartered in Dubai, with branches in Sharjah and Abu Dhabi, Tamweel provides a wide range of products such as Murabaha, a fixed rate contract which enables the customer to pay a fixed rate in the form of profit throughout the financing period; Ijara, for ready property on fixed or flexible rates; Forward Ijara, a forward dated Ijara (lease) contract; Baiti, a finance for ready, as well as under-construction properties with fixed or flexible profit rate, specially designed for UAE/GCC nationals; Yusr, a Sharia-compliant adjustable repayment mortgage product for up to three years.

 
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