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Dubai Islamic Bank settles Tamweels liabilities

Mon, 2013-09-23 11:12 — newsdesk

Dubai Islamic Bank announced that it has settled all bilateral liabilities of mortgage provider Tamweel, two years ahead of scheduled maturity. The outstanding liabilities were part of a five-year moratorium. The bank cited “robust capitalisation and ample liquidity” as the reasons for early repayment.

Source: 

http://gulfbusiness.com/2013/09/dubai-islamic-bank-repays-dhs4bn-tamweel...