Wednesday, 08 October 2008 |
updated 1 minute ago
09:51 UAE time

YOUR DIRECTORY /

Tamweel earnings triple on mortgage boom

by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 21 July 2008

MORTGAGE BOOM: Tamweel's second quarter earnings have more than tripled to $57.43 million. (Getty Images)

Dubai Islamic mortgage company Tamweel posted net profit of 210.95 million dirhams ($57.43 million) in second quarter, more than tripling from the year-earlier period on growth in its home loan business.

Net income from Islamic financing and investing grew 169 percent to 210.77 million dirhams in the second quarter, the firm said in a statement.

The quarterly net income was just below the 213 million-dirham profit forecast of Shuaa Capital in a survey by newswire Reuters last month. (Reuters)

TOP IN MIDDLE EAST ISLAMIC FINANCE

ALSO IN MIDDLE EAST ISLAMIC FINANCE

LATEST MIDDLE EAST BUSINESS NEWS

USER COMMENTS (0 COMMENTS)
POST A COMMENT

CLICK HERE TO POST A COMMENT

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.

Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country

Subject *

Comment *


Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.