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Tamweel Properties
Tamweel was a Dubai-based real estate finance and development company. The company had two branches in the United Arab Emirates, with the head office in Port Saeed, Dubai and another branch in Marina Mall, Abu Dhabi. The company was engaged in Islamic Sharia-compliant property financing and investment activities, including Murabaha, Ijarah, Ijara, Forward Ijara, Istisna'a, Istisna, Baiti and Yusr. Its financing solutions were divided into two main categories: home financing and commercial financing. The company was also involved in the business of property development and trading. History Tamweel was established in March 2004 as a limited liability company. In July 2006, the company moved to a public joint-stock company structure and was listed on the Dubai Financial Market. In November 2008, it was announced that the federal government of the United Arab Emirates would combine Amlak and Tamweel, which were later merged into an Islamic bank in early 2010. References Ext ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai
Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of the Middle East and North Africa. D Long, B Reich. p.157 Established in the 18th century as a small fishing village, the city grew rapidly in the early 21st century with a focus on tourism and luxury, having the second most five-star hotels in the world, and the tallest building in the world, the Burj Khalifa, which is tall. In the eastern Arabian Peninsula on the coast of the Persian Gulf, it is also a major global transport hub for passengers and cargo. Oil revenue helped accelerate the development of the city, which was already a major mercantile hub. A centre for regional and international trade since the early 20th century, Dubai's economy relies on revenues from trade, tourism, aviation, real estate, and financial services. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at the eastern end of the Arabian Peninsula and shares borders with Oman and Saudi Arabia, while having maritime borders in the Persian Gulf with Qatar and Iran. Abu Dhabi is the nation's capital, while Dubai, the most populous city, is an international hub. The United Arab Emirates is an elective monarchy formed from a federation of seven emirates, consisting of Abu Dhabi (the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Each emirate is governed by an emir and together the emirs form the Federal Supreme Council. The members of the Federal Supreme Council elect a president and vice president from among their members. In practice, the emir of Abu Dhabi serves as president while the ruler of Dubai is vice pre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Saeed
Port Saeed ( ar, بور سعيد and sometimes ميناء سعيد) is a locality in Dubai, United Arab Emirates. It was established by Saeed Ahmed Lootah, who named it after the Egyptian city of Port Said which was destroyed in the Anglo-French invasion during the Suez Crisis. Port Saeed is bordered by the waters of Dubai Creek to the south, by Al Khabisi to the north, by Al Garhoud to the east, and by Rigga Al Buteen to the west. It stretches between Al Garhoud Bridge and Al Maktoum Bridge. Important landmarks in Port Saeed include Deira City Centre, Dubai Shopping Centre. The Dubai Creek Golf and Yacht Club occupies almost half the area of Port Saeed. Located there are sail-shaped club house, an 18-hole golf course, a marina, a number of villas, several creek-side restaurants, and the Park Hyatt Dubai Hotel. Port Saeed has a small residential neighbourhood that was redesigned by Dubai Municipality Dubai Municipality ( ar, بلدية دبي) is the Government of Dubai m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marina Mall, Abu Dhabi
Marina Mall (Arabic: مركز المارينا) is an Abu Dhabi shopping mall and entertainment venue which was completed in December 2000 and opened its doors to the public on 28 March 2001. The Mall is located along the breakwater on Corniche road, close to the Emirates Palace hotel. In January 2017, Forbes recognized Marina Mall as one of the top shopping malls in Abu Dhabi. Details Geographically located in one of the city’s most prominent districts, it comprises 122,000 m2 of retail space featuring a unique selection of fashion, leisure and entertainment brands arranged over four levels, in addition to a 100 metre observatory, a bowling alley, a multiplex movie complex, musical fountains and a Carrefour departmental store. The internal steam fountain is adorned with handcrafted glass mosaic art designed and produced by MEC Artworks. Ikea was located here and they moved later to Yas Island Yas Island ( ar, جزيرة ياس) is an island in Abu Dhabi, United A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Murabaha
''Murabaḥah'', ''murabaḥa'', or ''murâbaḥah'' ( ar, مرابحة, derived from ''ribh'' ar, ربح, meaning profit) was originally a term of ''fiqh'' (Islamic jurisprudence) for a sales contract where the buyer and seller agree on the markup (profit) or "cost-plus" price for the item(s) being sold. In recent decades it has become a term for a very common form of Islamic (i.e., "shariah compliant") financing, where the price is marked up in exchange for allowing the buyer to pay over time—for example with monthly payments (a contract with deferred payment being known as ''bai-muajjal''). ''Murabaha'' financing is similar to a rent-to-own arrangement in the non-Muslim world, with the intermediary (e.g., the lending bank) retaining ownership of the item being sold until the loan is paid in full. There are also Islamic investment funds and ''sukuk'' (Islamic bonds) that use ''murabahah'' contracts. Jamaldeen, ''Islamic Finance For Dummies'', 2012:188-9, 220-1 The purpose o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ijarah
''Ijarah'', ( ar, الإجارة , al-Ijārah, "to give something on rent" or "providing services and goods temporarily for a wage" Jamaldeen, ''Islamic Finance For Dummies'', 2012:157 (a noun, not a verb)), is a term of ''fiqh'' (Islamic jurisprudence) Usmani, ''Introduction to Islamic Finance'', 1998: p.109 and product in Islamic banking and finance. In traditional ''fiqh'', it means a contract for the hiring of persons or renting/leasing of the services or the “usufruct” of a property, generally for a fixed period and price. In hiring, the employer is called ''musta’jir'', while the employee is called ''ajir''. ''Ijarah'' need not lead to purchase. In conventional leasing an "operating lease" does not end in a change of ownership, nor does the type of ''ijarah'' known as ''al-ijarah (tashghiliyah)''. In Islamic finance, ''al Ijarah'' does lead to purchase (''Ijara wa Iqtina'', or "rent and acquisition") and usually refers to a leasing contract of property (such as land, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Istisna'a
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include '' Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' (leasing). Sharia prohibits '' riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also '' haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability Company
A limited liability company (LLC for short) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. An LLC is not a corporation under state law; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on the situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC). An LLC is a hybrid le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai Financial Market
The Dubai Financial Market (DFM) ( ar, سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. Overview , there are 67 companies listed on DFM. Most of them are UAE-based companies and a few others are dual listings for companies based in other MENA region countries. Foreign companies are from the following countries: Kuwait, Bahrain, Oman, and Sudan. Many companies allow foreigners to own their shares. During 2004 and 2005, there were significant increases in the volume of shares traded and the share prices of many companies. However, towards the end of 2005 and through the first few months of 2006 the bubble burst and share values dropped by around 60% on DFM, along with similar decreases in most other Persian Gulf stock markets. DFM is one of three stock exchanges in the UAE. Abu Dhabi Securities Exchange (ADX) also lists mostly UAE companies and NASDAQ Dubai was set up to trade international stocks. DFM and A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Government Of The United Arab Emirates
The Federal Government of the United Arab Emirates or the UAE Government is the unitary federal government of the United Arab Emirates, composed of seven emirates with their own rulers (or emir) with varying jurisdiction and authority. The federal government is divided into a legislative, executive, and judicial branch. The executive branch namely, the Cabinet of the United Arab Emirates led by the Prime Minister of the United Arab Emirates, and the judicial branch, both report to the President of the United Arab Emirates. The Federal Supreme Council is the highest legislative body of the UAE and is responsible for appointing the President. Article 120 of the UAE Constitution grants the federal government its mandate, and outlines its jurisdictions and balance of power with local governments. History The UAE Federal Government was formed on December 2, 1971, when the rulers of five emirates, formerly part of the Trucial States established the United Arab Emirates. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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