IslamicFinance.de

Dubai Islamic Bank's real estate exposure has crossed half of its total loan book following the acquisition of mortgage lender Tamweel , putting pressure on the bank's balance sheet due to rising mortgage delinquencies.
The bank has been attempting to restrain its property exposure over recent quarters, and this transaction reverses this trend, a study said.
According to Madha, Istithmar, Dubai Capital Group, Dubai Investment Group and others - which are short of cash - sold Tamweel stake to DIB.