Islamic Finance
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Tamweel takes a hit as earnings fall due to litigation provision
Tamweel's earnings fell by a third as the company was forced to set aside Dh21.5 million (US$5.8m) to cover the outcome of court battles. The Islamic mortgage company reported a 33.6 per cent decrease in profit for the first quarter to Dh18m, compared with the corresponding period a year earlier….
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