Dubai's Tamweel reports Q4 profit jump
1/30/2012 10:11:14 AM
DUBAI : Tamweel, the Dubai-based sharia-compliant mortgage financier, made a fourth-quarter net profit of 31 million dirhams ($8.44 million), the company said in a statement on Sunday, up from 8 million dirhams in the same period a year earlier.
The firm, in which Dubai Islamic Bank is the majority shareholder, reported a full-year profit of 101.9 million dirhams versus 26 million dirhams in 2010. -Reuters FINANCIALS
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