UAE – Mubahser: Binghatti Holding Limited has launched a Dubai International Financial Centre (DIFC) based asset management firm, Binghatti Capital, targeting the management of about $1 billion in Shariah-compliant private credit and real estate strategies.  

Binghatti Capital has been authorized by the Dubai Financial Services Authority to engage only with professional clients, according to a press release.

Within its real estate strategy, Binghatti Capital will implement separate mandates across the acquisition and sale of off-plan residential properties as well as the acquisition and development and sale of residential projects.

Its private credit solutions will focus on supply chain financing within the real estate sector, providing financing solutions to construction firms, property management entities, and key suppliers.

Katralnada Binghatti, Executive Director of Binghatti Capital, commented: "The creation of an asset management arm represents a strategic move to deepen Binghatti Holding’s investment footprint and enhance access to alternative capital."

"Through our new Shariah-compliant private investment strategies, we are not only reinforcing our position in the UAE’s real estate sector but are supporting Dubai’s efforts to become one of the world’s leading foreign investment destinations,” Binghatti added.

Shehzad Janab, SEO of Binghatti Capital, said: “Through disciplined governance, active management, and a strong Shariah-compliant foundation, we aim to deliver compelling returns while diversifying our source of capital for Binghatti Group’s future developments.”

Salmaan Jaffrey, Chief Business Development Officer at DIFC Authority, highlighted: "We are delighted to welcome Binghatti Capital to DIFC, the region’s largest financial center and home to more than 46,000 professionals."

In May, Binghatti Holding Limited acquired freehold land with more than 8 million square feet of gross floor area for a development project valued at AED 25 billion.