Fitch ratings lifted its outlook on Tamweel's Sharia-compliant residential mortgage-backed securities (RMBSs) as its underlying assets have performed well and the Dubai property market stabilises.
Tamweel Residential assets fund a portfolio of Sharia-compliant property leases due from mainly non-Dubai nationals working in the emirate.
Since inception, there have not been any reported defaults, the ratings agency said.
No comments:
Post a Comment