Established in 2000, Amlak Finance PSJC has transformed into a public entity in 2004 and is currently the largest publicly held Islamic finance company in the UAE, with its estimated shareholders as of May 2007 reaching 35,755. Amlak Finance is the first specialised home finance provider in the UAE and continues to be a leader in the industry by retaining the biggest market share according to released financial reports in 2007. In addition, Amlak is considered the largest finance company among the publicly traded companies in the UAE.

The primary activity of the company is offering medium to long-term financing solutions for residential and commercial properties in a number of emirates in the UAE. Whilst real estate finance remains Amlak’s core business, the home finance provider is constantly developing innovative products to meet customers’ demands and market conditions through offering Islamic financing solutions, real estate management, and the management of sales and selling on behalf of developers as well as offers complete solutions for major real estate developers.

Amlak Finance introduced the first ever Shariah compliant refinance product in the UAE - Amlak-BONUS Refinancing – which allows customers to utilize the value of their assets by releasing equity and giving them extra funds for personal use. Due to the success of the construction finance product, Amlak branded it Amlak-BAYTI, which has been designed in light of the huge demand from UAE Nationals for an attractive and flexible construction product.

Amlak Finance continually strives to develop its offering to its clientele by aligning itself through agreements with major developers in the region. In doing so, Amlak is able to not only offer the best financing solutions for buyers, but also provides a range of choices for those individuals and families making this important decision. Amlak opens the possibility of home owning to a larger percentage of individuals, understanding that affordability is a key concern. Amlak also aligns itself with developers that build affordable housing.

In response to the recently inaugurated Law No. 8, Amlak Finance has launched escrow account services. Amlak offers turnkey solutions to major real estate developers, which will benefit all parties involved in the real estate market from the developer to the investor or home buyer. Signing the agreement with the Dubai Land Department ahead of its counterparts in the market, Amlak continues to exhibit its pioneering status and willingness to grow alongside the industry that it has been instrumental in shaping.