Economic Calendar

Sunday, October 26, 2008

Tamweel Third-Quarter Profit Rises 37% on Islamic Mortgages

Share this history on :

By Arif Sharif

Oct. 26 (Bloomberg) -- Tamweel PJSC, the United Arab Emirates' second-biggest mortgage provider, said third-quarter profit jumped 37 percent on higher demand for Islamic home loans.

Net income in the three months to Sept. 30 advanced to 185.7 million dirhams ($51 million) from 136 million dirhams a year earlier, the Dubai-based company said in an e-mailed statement.

To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net




No comments: