Tamweel Completes Repayment Of USD 300 Million Sukuk #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit




Home / News / Company News
Company News

Tamweel Completes Repayment Of USD 300 Million Sukuk
(30 January 2013)


Tamweel PJSC, the UAE Islamic home finance provider, today announced that it has repaid in full a USD 300 million five-year Sukuk, which matured in January 2013. This announcement follows the recent successful settlement by the company of its USD 210 million home finance asset-backed security issued in 2007.

In line with its long term funding strategy, Tamweel issued the Sukuk in early 2008. The proceeds were used for general Islamic financing and corporate purposes. The timely repayment of the Sukuk from its own resources demonstrates the financial strength and healthy fundamentals of Tamweel, as well as the funding depth of its majority shareholder Dubai Islamic Bank )DIB( .

Since resuming new business origination in 2010, Tamweel has continued to successfully access the debt markets in order to address its long term funding needs, including the 2011 issue of a 5-year, $300 million Sukuk, fully guaranteed by DIB.

We accept Guest Posts

DubaiCityGuide.com is owned and managed by Cyber Gear

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

email print

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities


Daily Guide


Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
DCG at a glance