The A3/P2 rating shows the growing clout of the real estate finance provider in the ever-growing Islamic finance market in the UAE, said Moody recently.

With a strong outlook on all the ratings, Moody's Investors Service, Tamweel, that is also UAE's largest real estate financer, reiterated its A3/P2 rating of the firm. Moody says that Tamweel is a government-related issuer, trying to function like Dubai Governments stakes.

"The reaffirmation of A3/P2 rating from Moody's is a reflection of the industry's confidence in Tamweel's strong business fundamentals and market leadership status. This rating will strengthen the company's regional and international expansion plans, allowing us to continue to provide superior value to investors, Sukuk holders and clients," said Sheikh Khaled bin Zayed bin Saqer Al-Nehayan, Chairman of Tamweel.

"The A3/P2 rating reflects the real estate finance provider's growing clout in the UAE's rapidly growing Islamic finance market. Real estate finance provider is playing a significant part in the burgeoning Dubai real estate finance sector," said Moody in its second annual rating of Tamweel.