Move follows recent increase in the equity stake in the company by Dubai Islamic Bank
UAE-based Islamic home finance provider Tamweel has announced the re-launch of its core activities, following the recent increase in the equity stake in the company by Dubai Islamic Bank. “Tamweel is back in business,” says Varun Sood, chief executive officer, Home Finance Division, Tamweel. Beginning 1 November, 2010, Tamweel will offer up to 80 per cent financing of the current value of ready residential properties in Dubai and Abu Dhabi.
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