Tamweel profits increase by 40% - The National:
"Tamweel's profits rose sharply in the second quarter but its mortgage book contracted to a five-year low ahead of an acquisition by Dubai Islamic Bank that will take the company private.
The Dubai-based Islamic mortgage provider reported net income for the second quarter of Dh26.1 million, up 40.4 per cent from the corresponding period a year earlier.
Earnings rose because of a lower share of profits paid to depositors and investors."
'via Blog this'
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