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
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
H1 2018 net profit attributable to equity holders is AED 10.4 Million, up by 2% compared to the same period last year Total revenues up by 10% compared to H1 2017 Revenues from financing business activities stand at AED 85 million Rental income up by 7% Total assets stand at AED 6 billion Dubai, UAE 30 July 2018 –…August 30, 2018
Dubai, UAE 02 July 2018 – Amlak Finance PJSC, a leading specialized Sharia-compliant real estate financier in the Middle East, has officially launched its new Akeed fixed rate home finance product. This exclusive product provides new customers with the unique opportunity to benefit from a fixed finance profit…July 5, 2018