On Sunday Islamic home-finance provider Tamweel PJSC has declared that it is trying to bounce back in the market. The company has recorded a net profit of 7.08 million dollars in 2010. The company is based in Dubai.

In the year 2009, its financial position was very poor. It had suffered a net loss of 14.8 million dollars at that period of time. However, the present figure shows that, the situation is quite different for the firm now. It is improving continuously.

“We are extremely pleased to share our positive financial results for 2010, which follow Tamweel's recent, successful return to the market," Abdulla al-Hamli, chairman of Tamweel, said in a statement.

Moreover, it has been able to make a successful return to the market this year. 2010 was noticeably a highlight year for Tamweel as stated by Abdulla.

He has also added that, there has been an improvement in the global economic scenario; followed by international and regional financial anxiety. They are witnessing signs of continuous recovery in the UAE as well as in the property market.