Company Research Report: Amlak Finance PJSC

Company Overview

• Name: Amlak Finance PJSC

• Mission: Provide innovative and Sharia-compliant property financing products and solutions to meet the rapidly evolving market demands.

• Founded: November 2000

• Founder: No information is available

• Key People: No information is available

• Headquarters: Office No. 1803, Grosvenor Business Tower, Barsha Heights, Dubai, UAE

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Amlak Finance is known as a leading specialized real estate financier in the Middle East and the region's pioneer in financial services. It is recognized for its Sharia-compliant property financing products and solutions.

Products

Amlak Finance offers various property financing products tailored to different needs. Below is a high-level overview and key features of each product:

1. Istithmari

• Description: A Buy-To-Let property finance product (Ijara) designed for investors targeting completed residential and/or commercial properties.

• Key Features:

• Up to 65% financing for ready properties

• Ijara payments covered by rental income

• Three-month payment holiday

• Variable rental-only payments for the first four years

• Complimentary property management services including tenant screening, management, rental assessment, advertising, property inspection, and rent collection.

2. Ijarah

• Description: Principal Sharia-compliant home finance product.

• Key Features: No specific features detailed in the data.

3. Edaara

• Description: Facilitates the leasing process within Sharia-compliant guidelines.

• Key Features: No specific features detailed in the data.

4. Private Construction Finance

• Description: Focuses on financing the development of real estate projects by individuals.

• Key Features: No specific features detailed in the data.

5. Tatweer

• Description: Customized property finance solution with exclusive features.

• Key Features: No specific features detailed in the data.

6. Double Your Property

• Description: Enables existing property owners to purchase a second property.

• Key Features: No specific features detailed in the data.

7. Amlak Property Portfolio

• Description: Offers a wide range of properties available for rent and purchase.

• Key Features: No specific features detailed in the data.

8. Platinum Lifestyle Takaful

• Description: Takaful (Islamic insurance) product that supports an active, fulfilling lifestyle under Islamic guidelines.

• Key Features: No specific features detailed in the data.

Recent Developments

• Recent Financial Results Announcements:

• Q3 2024 Financial Results were announced on November 5, 2024.

• H1 2024 Financial Results were announced on August 7, 2024.

• First Quarter 2024 Financial Results were announced on May 9, 2024.

• Full-Year 2023 Financial Results were announced on April 19, 2024.

• Product Launches: No information is available on new product launches.

• New Features: No information is available on new features added to existing products.

• Partnerships:

• In 2007, Amlak expanded operations and launched its first international office in Cairo, Egypt, under the name ‘Amlak Finance Egypt Company S.A.E.’

• It has established business associations in Saudi Arabia under the name ‘Amlak International For Real Estate and Finance Co’.

• Awards and Achievements:

• Global Islamic Business Award (GIBA)

• Best Shari’a Compliant Property Finance Company

• Best Islamic Finance CSR Company in UAE

• Most Innovative Takaful Product – Platinum Lifestyle Takaful

• Recognized for innovation in Islamic finance

This report compiles the available information on Amlak Finance PJSC based on the provided data.