logo
Binghatti Capital Poised To Manage $1 Billion in Shariah-Aligned Funds

Binghatti Capital Poised To Manage $1 Billion in Shariah-Aligned Funds

Arabian Post17-06-2025
Arabian Post Staff -Dubai
Binghatti Holding Ltd has launched Binghatti Capital in the Dubai International Financial Centre, aiming to manage approximately $1 billion in Shariah-compliant private credit and real‑estate investments. Licensed by the Dubai Financial Services Authority to deal exclusively with professional clients, the firm marks Binghatti's strategic pivot from pure property development to full-spectrum asset management.
The new entity will implement dual strategies: acquiring and selling off‑plan residential assets and developing residential projects; and providing private‑credit finance targeted at construction, property management firms and suppliers in the Dubai real‑estate supply chain. Beyond private funds, clients can access bespoke discretionary and non‑discretionary portfolio mandates tailored to their investment goals.
ADVERTISEMENT
Executive Director Katralnada Binghatti described the move as 'a strategic initiative to deepen Binghatti Holding's investment footprint and enhance access to alternative capital,' underlining ambitions to drive high‑value, income‑generating growth and bolster Dubai's appeal as a global investment destination. CEO Shehzad Janab added that the firm's 'inaugural suite of unique strategies represents a disciplined, well‑structured approach' designed for strong governance and long‑term resilience.
DIFC Authority's Chief Business Development Officer, Salmaan Jaffery, welcomed the launch, noting that the centre, home to more than 46,000 financial professionals and over 400 wealth and asset managers, remains the region's top asset-management hub. He said Binghatti's addition would further reinforce DIFC's financial ecosystem.
The launch reflects broader market trends in the Gulf, where firms like Amwal Capital Partners are expanding into private‑credit—a form of non‑bank lending offering direct finance to mid‑tier real‑estate developers and other asset‑backed borrowers. Dubai's policy environment, characterised by robust infrastructure investment and tax incentives, has boosted demand for these private‑credit solutions.
Industry observers note the move signals a maturing of Dubai's real‑estate landscape, with residential unit completions projected to exceed 243,000 by 2027, presenting ample opportunity for asset managers specialising in this market—particularly with Shariah‑compliant structures gaining traction among global and Gulf investors.
Binghatti's pedigree in luxury development, seen in flagship schemes such as Binghatti Ghost in Al Jaddaf, complements its newfound investment ambitions. The firm's announcement of more than 12 projects valued at $2.7 billion reinforces its market clout and provides a foundation for its asset‑management division.
By branching into private credit and real‑estate fund management, Binghatti aligns with Dubai's economic diversification goals, channelling institutional capital into strategic sectors and reinforcing the emirate's role as a conduit between East, West, and the Islamic finance community.
As the firm rolls out its Shariah‑compliant investment vehicles, its governance frameworks and active management approach will be key to winning trust among discerning professional clients. It will also test how effectively Binghatti can manage investor interests alongside its parent's development pipeline.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dubai and Masdar City Collaboration to Boost Real Estate Investment
Dubai and Masdar City Collaboration to Boost Real Estate Investment

Arabian Post

time12 hours ago

  • Arabian Post

Dubai and Masdar City Collaboration to Boost Real Estate Investment

Arabian Post Staff -Dubai Dubai Land Department has formalised a groundbreaking partnership with Masdar City, paving the way for companies operating within Abu Dhabi's prominent free zones to acquire land plots and properties under the freehold ownership system in Dubai. This strategic memorandum of understanding aims to provide these companies with a more expansive and regulated pathway to invest in the Dubai real estate market, in line with the emirate's broader vision to bolster its economic landscape. The MoU was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Ahmed Baghoum, CEO of Masdar City, during an official event in Dubai. The agreement marks a significant step in enhancing Dubai's real estate market, which is actively adapting to new investor demands and aims to remain a competitive player on the global stage. ADVERTISEMENT This collaboration is part of a wider effort to increase the attractiveness of the Dubai property market, with a focus on aligning with the Dubai Real Estate Strategy 2033. As part of this strategy, the city aims to enhance its status as a global hub for investment, business, and residential opportunities. By granting companies in Masdar City the ability to own land and property in Dubai, the DLD is encouraging greater foreign investment and further integration of the free zone's economic sectors with the emirate's broader financial ecosystem. The development comes as part of Dubai's commitment to expanding its investment opportunities across various sectors. This MoU reflects the UAE's ambition to tap into innovative and sustainable business models, especially in green and technology-driven industries. Masdar City, which has long been recognised as a leader in sustainable urban development, is expected to play a pivotal role in further shaping the region's real estate future. The partnership also signals a convergence of real estate and green innovation, capitalising on both sectors' growth trajectories. Masdar City, known for its focus on sustainability, is home to a growing number of businesses and startups involved in renewable energy, environmental solutions, and green technologies. By facilitating real estate ownership for these companies in Dubai, the DLD is fostering an environment that encourages companies operating in these industries to expand and deepen their investments in the UAE's economic framework. For Masdar City, the agreement opens up new opportunities for its tenants, creating a more expansive environment in which businesses can thrive, with the potential for significant capital appreciation as Dubai's real estate market remains one of the most stable and profitable in the region. This move is also expected to elevate the city's global competitiveness by promoting a broader base of businesses, both within Masdar and the UAE at large. The impact of the collaboration extends beyond just Masdar City, as it could set a precedent for similar partnerships with other free zones across the UAE. By allowing companies established in these zones to acquire freehold properties in Dubai, the deal may become a template for expanding the emirate's real estate portfolio to a wider range of international businesses. This would further diversify Dubai's economy, making it more resilient to external market fluctuations and better positioned for future growth. ADVERTISEMENT The MoU is also aligned with the Dubai Land Department's efforts to provide a comprehensive regulatory framework that ensures transparency and ease of investment. By streamlining the process for companies seeking to buy real estate in Dubai, the agreement simplifies procedures that may have previously been perceived as barriers to entry, thereby improving the investment climate in the city. As global markets continue to shift and adapt to new economic realities, Dubai remains at the forefront of innovation in property ownership models. With its unique approach to offering a blend of residential, commercial, and industrial opportunities, the city continues to cater to a wide range of investors, both local and international. The collaboration between Dubai Land Department and Masdar City reinforces the UAE's strategy of creating an attractive and dynamic environment for business, while also ensuring sustainable growth. With the expanding role of free zones in driving the nation's economy, this move is expected to provide tangible benefits for both Masdar City tenants and the wider Dubai real estate market, positioning the emirate as a leader in global real estate investment.

Emirates Islamic Reports Record AED 2.2 Billion Profit Before Tax in H1 2025 Amid Strong Growth in Income and Deposits
Emirates Islamic Reports Record AED 2.2 Billion Profit Before Tax in H1 2025 Amid Strong Growth in Income and Deposits

Hi Dubai

time2 days ago

  • Hi Dubai

Emirates Islamic Reports Record AED 2.2 Billion Profit Before Tax in H1 2025 Amid Strong Growth in Income and Deposits

Emirates Islamic delivered a record AED 2.2 billion profit before tax for the first half of 2025, marking a 19% year-on-year increase and reinforcing its position as one of the UAE's leading Islamic financial institutions. The performance was driven by strong growth in income, customer financing, and deposit inflows. Total income rose to AED 2.9 billion, up 9% compared to the same period last year, supported by gains across both funded and non-funded income streams. Customer financing grew 13% to AED 80 billion, while customer deposits surged by 27% to AED 97.4 billion. Current and savings account balances now make up 65.5% of the deposit base, further strengthening the bank's low-cost funding profile. Net profit for the period stood at AED 1.863 billion, up 12% year-on-year, with a healthy net profit margin of 3.74%. Operating profit improved by 6%, even as expenses rose by 15% due to continued investments in growth and technology. Chairman Hesham Abdulla Al Qassim highlighted the bank's robust performance and ongoing digital transformation. We are focused on empowering customers through enhanced digital offerings and remain committed to sustainable growth. The successful issuance of a USD 750 million Senior Unsecured Sukuk and multiple global recognitions reflect growing investor and market confidence in Emirates Islamic. The bank expanded its Shariah-compliant wealth management offerings through a partnership with Leonteq Securities AG and collaborated with DURAR OCTA on financial services for a major real estate project in Ras Al Khaimah. It also introduced new banking solutions, including the ALPHA Youth Account to promote financial literacy among the younger generation, and the Business Banking Diamond Account designed for high-value SMEs. Emirates Islamic's total assets increased by 24% to AED 138 billion in the first half of the year. The bank maintained a non-performing financing ratio of 2.8% and a strong coverage ratio of 159.9%. Its capital adequacy ratio stands at 18.5%, with a Common Equity Tier 1 ratio of 17.4%. CEO Farid AlMulla emphasised the bank's dual focus on financial performance and community engagement. We are deepening customer trust through innovation and inclusivity. Initiatives like the 'Let's Create Bankers' program and the 'EI Ambassadors' platform further invest in Emirati talent and sustainability partnerships. As Emirates Islamic continues to lead in digital transformation and Islamic finance, its strategic growth across consumer, SME, and corporate segments positions it well to support the UAE's economic ambitions. News Source: Dubai Media Office

SIB signs strategic agreement with Alawneh Exchange
SIB signs strategic agreement with Alawneh Exchange

Sharjah 24

time2 days ago

  • Sharjah 24

SIB signs strategic agreement with Alawneh Exchange

The agreement was signed by Mr. Hakam Abu Zarour, COO of Sharjah Islamic Bank, and Mr. Ayman Alawneh, CEO of Alawneh Exchange, in the presence of H.E. Hamad Abdullah Al Matroushi, Acting Head of the UAE Embassy in Jordan; Mr. Saeed Al Ameri, head of investments, treasury and financial institutions at SIB; representatives from the Central Bank of Jordan; senior executives from both parties; and a select group of professionals from the banking and financial sector. Under this agreement, Alawneh Exchange becomes the first Jordanian exchange company to sign a direct agreement with an Islamic bank in the UAE, reinforcing Sharjah Islamic Bank's position as a leading institution in driving financial integration and cross-border cooperation. The partnership positions the Bank as a vital link in strengthening financial and trade connectivity between the GCC and the Levant region. Enhancing Banking Experience and Facilitating Transfers The agreement aims to simplify and optimize capital flow between the two countries—for both individuals and businesses—by providing smoother and more cost-effective transfer channels, and enhancing the banking experience through the opening of an AED account at Sharjah Islamic Bank on behalf of Alawneh Exchange. This account will enable secure and direct settlement of both personal and commercial transfers. Driving Innovation in Digital Financial Services Commenting on the agreement, Hakam Abu Zarour, COO of Sharjah Islamic Bank, stated: "This agreement reflects SIB's firm commitment to expanding its network of regional partnerships. It is a strategic milestone aligned with our vision to facilitate capital flows and provide Sharia-compliant financial services to support the growing commercial and financial activities between the UAE and Jordan." He added, "The partnership also aligns with the Bank's broader strategy to drive innovation in digital financial services and accelerate cross-border transactions by offering more efficient and flexible remittance channels. It also supports our contribution to sustainable development goals and promotes financial inclusion, helping to stimulate economic growth and enhance the regional business environment." For his part, Ayman Alawneh, CEO of Alawneh Exchange, commented: 'We are proud to sign this strategic agreement with Sharjah Islamic Bank, which represents a major step forward in our journey to expand our regional partnerships and enhance remittance services between Jordan and the UAE. This collaboration will allow us to deliver faster, safer, and more efficient solutions to our individual and corporate clients.' He added, 'The agreement builds upon our ongoing efforts to improve remittance systems and leverage the advanced banking infrastructure offered by Sharjah Islamic Bank. We are confident this partnership will support financial inclusion and facilitate capital movement in a way that benefits the national economy and meets the needs of our clients in both countries.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store