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Tamkeen, BisB launch $50m portfolio to back firmsTamkeen, Bahrain’s labour fund, and Bahrain Islamic Bank (BisB) have inaugurated a BD20 million ($53.03 million) portfolio to support medium and large enterprises. The scheme, under the Tamweel+ program launched by Tamkeen e More… |
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Tamkeen launches new $52m loans portfolioA portfolio of BD20 million ($52.6 million) has been launched under Tamkeen’s Tamweel Plus (Tamweel+) financing scheme based on partnerships with Al Baraka Islamic Bank and Ithmaar Bank, reported the Gulf Daily News, our sister pu More… |
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Tamweel finances A320s for Virgin AmericaTamweel Aviation Finance, the partnership fund of the Dubai-based Novus Aviation Capital, Airbus, Development Bank of Japan and Nord/LB, has closed its transaction with Virgin America covering three new A320 aircraft due for delivery in the firs More… |
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Al Kifah unit enlists shari’a board for complianceSaudi Arabia-based Tamweel for Trading & Installment Company (TTIC), the financial arm of Al Kifah Holdings, has signed an agreement with Shariyah Review Bureau (SRB) to achieve compliance in its financial programmes. SRB is a More… |
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Tamweel Q3 profit triples as impairments fallDubai mortgage lender Tamweel on Wednesday said its third-quarter profit more than tripled from a year earlier due to lower provisions. The company made a profit of 27.6 million dirhams ($7.51 million) for the three months to Sept More… |
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Dubai Islamic settles $1bn Tamweel liabilitiesDubai Islamic Bank has settled 4 billion dirhams ($1.09 billion) of liabilities from mortgage subsidiary Tamweel two years ahead of their maturity, the bank said on Thursday. This amounts to all of Dubai Islamic's bilateral li More… |
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Tamweel Q2 profit rises 40pcDubai mortgage lender Tamweel reported a 40 percent rise in second-quarter profit on Thursday. Tamweel, which is due to delist from the Dubai Financial Market to allow parent company Dubai Islamic Bank to take full ownership, made More… |
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Mortgage lender Tamweel to delist from Dubai bourseSharia-compliant mortgage lender Tamweel said on Monday its shareholders had approved the company's delisting from the Dubai stock exchange, paving the way for its acquisition by Dubai Islamic Bank. Dubai Islamic Bank said in More… |
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DIB sets Tamweel share swaps dateDubai Islamic Bank (DIB) said it has gained the necessary approvals and authorisations from the government financial institutions to execute the share swap with Tamweel investors on Thursday (May More… |
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DIB delays Tamweel share swap deadlineDubai Islamic Bank (DIB) has announced that it has extended the deadline to March 30 for acceptance of Tamweel share swap applications, to allow adequate time for shareholders to complete administrative formalities. DIB is the majority More… |
