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(Sukuk.net) The Chairman of Tamweel PJSC announced that company's net profits for the first nine months of 2008 reached $156.1 million, an increase of 135 percent compared to $66.5 million for the first nine months of last year, Khaleej Times reported.
He also mentioned that Tamweel's net profits for the third quarter of 2008 stood at $50.6 million, an increase of 37 percent compared to $37.04 million in the third quarter of 2007.
Islamic financing and investing assets in the third quarter of 2008 rose to $2.69 billion, an increase of 136 percent compared to $1.14 billion in the same period of 2007. Furthermore, mortgage assets under Tamweel's service have crossed the $3.9 billion benchmark.
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Source: Sukuk.net
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