Tamweel PJSC, Dubai’s second-biggest Islamic mortgage company by assets, won the right to repossess five homes after their owners left the country. “We have received a number of favorable judgments from the court against the customers who owe us money,” Hamid Chinoy, group chief corporate services officer at Tamweel, said by telephone yesterday. “Basically, Tamweel owns the properties now.”
0 minute readDubai mortgage company wins the right to repossess five homes
June 30, 2010, 12:49pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
