Amlak Finance PJSC is a leading specialized real estate financier in the Middle East. Since its establishment in November 2000 as the region’s pioneer financial services provider, it has provided its customers with innovative, Sharia-compliant property financing products and solutions designed to meet the rapidly evolving market demands.
It was first established as a private shareholding company in Dubai, United Arab Emirates, in accordance with UAE Federal Law. In 2004, it was converted to a Public Joint Stock Company.
The Company is licensed by the UAE Central Bank as a finance company. It is primarily focused on financing and investing activities based on structures such as Ijara, Murabaha, Mudaraba, Wakala and Musharaka. All activities of the Company are conducted in accordance with Islamic Sharia and within the provisions of its Articles and Memorandum of Association.
Products & Services
Dubai, UAE: March 21, 2019 – Amlak Finance PJSC, a leading specialized Islamic real estate financier in the Middle East, today announced its Full Year Financial Results for the year ended December 31, 2018.March 24, 2019
Dubai, UAE 05 March 2019 – Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, has once again been awarded the prestigious Dubai Chamber Corporate Social Responsibility (CSR) Label for 2018. This marks the fourth consecutive year which Amlak Finance has received this recognition.March 5, 2019
The current funding agreement imposed certain restrictive covenants on Amlak, which given the passage of time and changes in market dynamics and macro-economic factors proved to be detrimental to the long term prospects of the Company.January 22, 2019
Revenues from core business activities stand at AED 260 million up by 6% Revenues from Sale of Properties under Development stand at AED 61 million. Rental income stands at AED 48M up by 7% Total liabilities decreased by 11% Total assets stand at AED 6 billion Dubai, UAE: November 08, 2018 – Amlak Finance…November 11, 2018