Tamweel, Amlak to get support

Islamic home finance firms Amlak and Tamweel are to receive major government support, Tamweel Chairman Sheikh Khalid bin Zayed bin Saqr Al Nahyan has revealed.

He said the eagerly awaited announcement about the future of the firms would be issued by the highest authorities in the UAE.

"I cannot disclose the nature of the decisions but most certainly they will take into account the interests of the two companies and their shareholders," he told financial website Argaam.com.