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.”
Dubai mortgage company wins the right to repossess five homes
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