Tamweel, the Islamic home finance company, is weighing a return to the securitisation market as it hunts for longer-term capital to lend to buyers.
Varun Sood, the acting chief executive of Tamweel, said the company's mandate was "to get long-term funding" to avoid the problems the company had in the wake of the global financial crisis.
Dubai Islamic Bank (DIB) revived Tamweel last year when it acquired a 58.3 per cent stake in the company and provided new funds so it could begin issuing mortgages again. The bank paid almost Dh375 million (US$1.2m) for the stake, according to financial statements.
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