Amlak

What Amlak does

Amlak Finance PJSC is a UAE-based, Dubai Financial Market-listed (ticker: AMLAK) Sharia-compliant real estate finance provider established in November 2000 as the region's pioneer Islamic home finance company. It is licensed by the UAE Central Bank and conducts all activities under Islamic Sharia principles, utilizing structures including Ijara (lease), Murabaha (cost-plus), Mudaraba, Wakala, and Musharaka. The company serves individual property buyers and investors, commercial property buyers, and real estate developers in the UAE, with prior international operations in Egypt and a divested Saudi Arabian associate.

The product suite is anchored on Ijarah as the core home finance product, supplemented by Istithmari (a first-of-its-kind Buy-To-Let product launched 2015), Tatweer (under-construction/off-plan financing), Edaara (landlord services), Double Your Property (second-property financing), Private Construction Finance, and an owned Property Portfolio (including the 54-villa Mirdiff development). Distribution is multi-channel: direct sales, an online self-serve platform (Amlak Direct), and strategic partnerships with major UAE developers including DAMAC Properties, Tecom Investments, Palma Development, Lootah Real Estate, and Green Community/Dubai Investment Properties. The company also partners with the Dubai Land Department for streamlined property registration.

The revenue model is primarily spread-based (profit rates on financing) plus one-time development property sales and property rental income. Pricing is anchored to a base rate plus margin (profit rates from 7.25%–7.5%), with processing fees of 1% of finance amount, tiered valuation fees (AED 3,500–10,000+), and settlement/early-prepayment charges. Following the 2014 financial restructuring (AED 10.2 billion across 28 financiers), the company returned to DFM trading in June 2015. FY2025 marked a transformative year: full settlement of all remaining financier obligations (AED 906 million, July 2025), exit from the Egyptian subsidiary (sale agreement October 2025 for EGP 400 million) and the Saudi associate (Q3 2025), a record AED 3.12 billion in total revenue (largely driven by the AED 2.9 billion Ras Al Khor land plot sale), AED 1.47 billion net profit, and the first dividend distribution since restructuring (AED 735 million, 49% of capital, approved April 2026). Q1 2026 continued the recovery with AED 52 million net profit (+86% YoY) on AED 65 million revenue.

Name

Amlak

Legal name

Amlak Finance PJSC

Website

https://amlakfinance.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Amlak Finance PJSC is a UAE-based, Dubai Financial Market-listed Sharia-compliant real estate finance provider offering home financing, Buy-To-Let products, and developer partnership financing to individual property buyers, investors, and major UAE real estate developers since 2000.

Ownership category

akta.pro rank

Product category

Islamic Home Finance

NAICS

Sales Financing (52222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industry

Islamic Corporate Banking (FSABAGAC)

Keywords

• Islamic home finance
• Property financing solutions
• Sharia-compliant lending
• Buy-To-Let finance
• Real estate finance

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Property Financing Income: Primary revenue stream from providing Sharia-compliant property financing products including Ijara (leasing), Murabaha (cost-plus financing), and other Islamic finance structures. Revenue generated through profit rates on financing arrangements.
2. Property Rental Income: Income generated from Amlak's property portfolio available for rent and purchase. The company maintains a wide range of properties in its portfolio.
3. Development Property Sales: Revenue from development properties including the sale of land plots (e.g., Ras Al Khor land sale generating AED 2.9 billion in 2025) and completed development projects like the Mirdiff villas.
4. Investment Income: Returns from strategic investments in joint ventures and associates, including regional investments in Egypt and Saudi Arabia.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Amlak Finance PJSC is a Sharia-compliant home and real estate finance provider licensed by the UAE Central Bank, offering Islamic property financing products built on Ijara, Murabaha, Mudaraba, Wakala, and Musharaka structures. Its core offerings include Ijarah (principal home finance), Istithmari (the region's first Buy-To-Let finance product), Tatweer (under-construction property financing), Edaara (landlord services), Private Construction Finance, and Double Your Property (second-property financing), distributed via direct sales, the Amlak Direct online platform, and partnerships with major UAE developers such as DAMAC, Tecom, and Palma.

Product overview

Amlak Finance PJSC is a leading specialized real estate financier in the Middle East providing Sharia-compliant property financing products. The company offers a comprehensive suite of Islamic finance solutions centered around the Ijara (lease-based) structure as its primary home finance product. The product portfolio includes: Ijarah (core home finance), Istithmari (Buy-To-Let investment property finance), Edaara (landlord services), Tatweer (under-construction property financing), Private Construction Finance, Double Your Property (second property financing), and Amlak Property Portfolio (property marketplace). Supplementary services include Platinum Lifestyle Takaful insurance. The company operates on financing structures including Ijara, Murabaha, Mudaraba, Wakala, and Musharaka, all conducted in accordance with Islamic Sharia principles. The Amlak Direct digital platform supports online service access.

Differentiator

Problem solved

Functional benefit

Products and services

• Ijarah Amlak's principal Sharia-compliant home finance product based on the Ijara (lease) structure, under which Amlak purchases the property and leases it to the customer for the finance term. It is offered to individual home buyers seeking halal-compliant residential property financing.
• Istithmari Istithmari is the first-of-its-kind Buy-To-Let property finance product (Ijara) in the region, offering comprehensive solutions for property investors in ready residential and commercial properties with built-in property management services and advisory assistance.
• Edaara Edaara is a comprehensive landlord services package that facilitates the renting process for property owners, managing property rental operations for customers including Buy-To-Let investors.
• Tatweer Tatweer is a comprehensive Sharia-compliant financing solution for under-construction (off-plan) properties, enabling investors to finance properties during the construction phase prior to delivery.
• Private Construction Finance Private Construction Finance provides Sharia-compliant financing for individual or institutional entities (other than licensed developers) to develop real estate projects, supporting self-build and bespoke construction financing needs.
• Double Your Property Double Your Property is a Sharia-compliant financing solution enabling existing UAE property owners to acquire a second property, leveraging their current property to finance an additional investment or home purchase.
• Amlak Property Portfolio Amlak Property Portfolio offers a wide range of properties owned by Amlak that are available for rent as well as for purchase, providing customers with ready-to-occupy or tenanted property options.
• Platinum Lifestyle Takaful Platinum Lifestyle Takaful is a Sharia-compliant insurance (Takaful) product covering risks associated with an active lifestyle, providing protection for property and life obligations alongside Amlak's home finance products.
• Aqeed (Akeed) Fixed Profit Rate Home Finance Aqeed (Akeed) is a fixed profit rate home finance product offering customers certainty on financing costs over the term of the Sharia-compliant home finance arrangement.

Quantifiable outcome

• 86% increase in net profit to AED 52 million in Q1 2026 compared to Q1 2025
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered major and core.

• Al Baraka Bank EgyptmajorOthers · 1 January 2025Al Baraka Bank Egypt acquired Amlak as part of its expansion strategy in Egypt. This represents a significant acquisition of Amlak's Egyptian subsidiary operations.
• Dubai Land DepartmentcoreStrategic or Co-development Partner · 6 July 2020Cooperation agreement signed with Dubai Land Department to enhance property financing services and streamline property registration processes for customers.
• Marseilia GroupmajorStrategic or Co-development Partner · 4 January 2018MoU signed for urban development project in Nasr City, Cairo, Egypt. This partnership supported Amlak's expansion strategy in the Egyptian market.
• Lootah Real Estate DevelopmentmajorStrategic or Co-development Partner · 14 August 2017Partnership enabling Lootah customers to own multiple properties through Amlak's 'Double Your Property' product.
• DAMAC PropertiescoreStrategic or Co-development Partner · 20 July 2017Strategic partnership to offer exclusive investment opportunities to DAMAC customers through Amlak's Sharia-compliant financing products.
• Dubai Land DepartmentcoreStrategic or Co-development Partner · 21 June 2017Partnership to double customer properties through the 'Double Your Property' product, enabling Amlak to serve a wider customer base in the UAE.
• Green Community / Dubai Investment PropertiesmajorStrategic or Co-development Partner · 7 September 2016Partnership to provide financing up to 50% of property value for up to 25 years for Green Community West Phase 3 project in Dubai Investment Park, consisting of 210 townhouses and 16 duplex apartments.
• Palma DevelopmentmajorStrategic or Co-development Partner · 14 October 2015Partnership for Cerinia Residences project on Palm Jumeirah. Financing offered up to 25 years with profit rates from 3.75% to 4.9% fixed for first three years. Project valued at AED 1.5 billion with 250 residential units.
• Tecom InvestmentscoreStrategic or Co-development Partner · 21 July 2015Partnership to provide Islamic financing options for Villa Lantana residential community in Al Barsha. Amlak offered up to 50% pre-delivery financing with refinancing up to 75% at delivery, repayment terms up to 25 years at competitive rates.

Scale indicators14 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Dubai Islamic Bank: Largest Islamic bank in the UAE, offering Sharia-compliant home finance, Ijara, and Murabaha property financing products directly overlapping Amlak's core offerings in the same Dubai market.
• Emirates Islamic Bank: UAE-based Islamic bank providing Sharia-compliant home finance, property financing, and related products. Direct competitor in residential and commercial real estate financing for UAE individuals and businesses.
• Abu Dhabi Islamic Bank (ADIB): Major UAE Islamic bank offering Sharia-compliant home finance and real estate financing across residential and commercial segments, serving as a direct competing Sharia-compliant property financier.
• Sharjah Islamic Bank: UAE Islamic bank providing Ijara-based home finance and property financing products in the Northern Emirates, overlapping with Amlak's UAE retail and commercial property finance focus.
• Ajman Bank: UAE Islamic bank offering Sharia-compliant home finance and real estate investment products, competing for the same UAE retail property finance customer base as Amlak.
• Tamlik Real Estate Finance: Saudi Arabia-based specialized real estate finance company offering home and property finance solutions; comparable as a regionally focused non-bank Sharia-compliant property financier.
• Mashreq Al-Islami: Islamic banking window of Mashreq Bank in the UAE, offering Sharia-compliant home finance and property financing products. Direct competitor serving UAE retail property finance customers.

Broad incumbents

• Al Rajhi Bank: Largest Islamic bank globally, headquartered in Saudi Arabia, with a substantial home finance and real estate financing franchise across the GCC. Comparable scale incumbent operating in adjacent markets.

Regional players

• National Housing Bank (Egypt): Egyptian government-backed entity providing subsidized housing finance and mortgage solutions; relevant comparator given Amlak's prior Egyptian subsidiary and the regional Islamic home finance market context.

Others

• Amlak Finance Egypt (sold to Al Baraka Bank Egypt): Amlak's former Egyptian subsidiary was acquired by Al Baraka Bank Egypt in 2025; included as the buyer now occupies Amlak's prior Egyptian Islamic home finance niche with comparable Sharia-compliant product offerings.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/AmlakFinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amlak