Tamweel PJSC posts Dh31.5m profit in first quarter

21/04/2014 07:51 AST

Tamweel PJSC, a majority owned subsidiary of Dubai Islamic Bank, on Sunday announced its interim financial statements for the period ending March 31.

The company posted profits of Dh31.5 million, up for Dh20.5 in the same period last year, with operating income down at Dh118 million from Dh149 million. Income from Islamic financing and investment assets stood at Dh108,435, a decrease of 21 per cent from Q1 2013, when income in this area stood at Dh135,623


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UAE stock market investors left high and dry by

18/01/2015

Elie Ibrahim had just two days to sell his shares in Tamweel before the mortgage financier was delisted from Dubai’s stock exchange.

It was September 29, 2013, and the stock was plummeting

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Green light for Tamweel Tower reconstruction

02/04/2014

After months of speculation as to whether there would life in Tamweel Tower again, former residents, owners, developers and everyone else involved can heave a sigh of relief as Emirates 24|7 can reve

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Dubai real estate rebound helps boost Tamweel debt

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Five years after Dubai mortgage provider Tamweel stopped lending amid the emirate's real estate crash, the company's Islamic bonds are beating peers as the property market rebounds.

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