Latest news with #KatralnadaBinghatti
Arabian Post
4 days ago
- Business
- Arabian Post
Binghatti Capital Poised To Manage $1 Billion in Shariah-Aligned Funds
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.
Gulf Business
5 days ago
- Business
- Gulf Business
Dubai's Binghatti launches DIFC-based Shariah-compliant asset management firm
Image: Binghatti Holding UAE's based luxury real estate developer The new entity plans to manage approximately $1bn in Shariah-compliant private credit and real estate strategies. Binghatti Capital has received authorisation from the Dubai Financial Services Authority (DFSA), the independent regulator for financial services conducted in or from DIFC. The firm is licensed to work exclusively with professional clients. As part of its real estate strategy, Binghatti Capital will implement separate mandates covering the acquisition and sale of off-plan residential properties, as well as the development and sale of residential projects. Its private credit platform will offer supply chain financing solutions to construction companies, property management entities, and key sector suppliers. In addition to private funds, Binghatti Capital will offer discretionary and non-discretionary portfolio mandates, providing tailored investment solutions to meet the specific objectives of professional clients. Read: Move to deepen Binghatti Holding's investment footprint Katralnada Binghatti, Executive Director of Binghatti Capital, said: 'The creation of an asset management arm represents a strategic move to deepen Binghatti Holding's investment footprint and enhance access to alternative capital. 'We believe that Binghatti Capital's offerings are one of a kind, underscoring our long-term vision to expand into high-value, income-generating investments that deliver sustainable growth. 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.' Shehzad Janab, SEO of Binghatti Capital, added: 'Binghatti Capital represents a strategic extension of Binghatti Holding's capabilities, designed to accelerate growth and strengthen resilience, ensuring sustained success through all market conditions. Our inaugural suite of what we believe are unique strategies represents a thoughtful, well-structured approach to real estate investing, providing access to opportunities that are typically reserved for large institutions. '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, said: 'We are delighted to welcome Binghatti Capital to DIFC, the region's largest financial centre and home to more than 46,000 professionals. 'Binghatti Capital's presence will further strengthen Dubai's financial ecosystem and reinforce DIFC's position as the leading hub for asset management in the region. With over 400 wealth and asset management firms, DIFC continues to be the preferred destination for asset management companies seeking growth and opportunity in the region.'
Arabian Business
5 days ago
- Business
- Arabian Business
UAE real estate giant Binghatti Holding launches $1bn asset management arm in Dubai
UAE real estate developer Binghatti Holding Ltd has launched Binghatti Capital Limited, an asset management firm based in the Dubai International Financial Centre (DIFC) that plans to manage approximately $1 billion in Shariah-compliant private credit and real estate strategies. The Dubai Financial Services Authority (DFSA) has authorised Binghatti Capital to operate in DIFC, the financial centre serving the Middle East, Africa and Southeast Asia region. The firm holds a licence to engage exclusively with professional clients. 'The creation of an asset management arm represents a strategic move to deepen Binghatti Holding's investment footprint and enhance access to alternative capital. We believe that Binghatti Capital's offerings are one of a kind, underscoring our long-term vision to expand into high-value, income-generating investments that deliver sustainable growth. 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,' Katralnada Binghatti, Executive Director of Binghatti Capital said. Binghatti creates DIFC-based asset management firm Binghatti Capital will implement separate mandates within its real estate strategy, covering the acquisition and sale of off-plan residential properties alongside the acquisition, development and sale of residential projects. The firm's private credit solutions will focus on supply chain financing within the real estate sector, providing financing to construction firms, property management entities and suppliers. 'Binghatti Capital represents a strategic extension of Binghatti Holding's capabilities, designed to accelerate growth and strengthen resilience, ensuring sustained success through all market conditions. Our inaugural suite of what we believe are unique strategies represents a thoughtful, well-structured approach to real estate investing, providing access to opportunities that are typically reserved for large institutions. 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,' Shehzad Janab, SEO of Binghatti Capital added. Beyond private funds, Binghatti Capital will offer tailored discretionary and non-discretionary portfolio mandates to provide professional clients with solutions designed to meet specific investment objectives. 'We are delighted to welcome Binghatti Capital to DIFC, the region's largest financial centre and home to more than 46,000 professionals. Binghatti Capital's presence will further strengthen Dubai's financial ecosystem and reinforce DIFC's position as the leading hub for asset management in the region. With over 400 wealth and asset management firms, DIFC continues to be the preferred destination for asset management companies seeking growth and opportunity in the region,' Salmaan Jaffrey, Chief Business Development Officer at DIFC Authority explained. DIFC serves as the independent regulator for financial services conducted in or from the centre, which positions itself as the region's primary financial hub.
Zawya
5 days ago
- Business
- Zawya
UAE developer Binghatti launches asset management firm targeting $1bln
DUBAI: Dubai's Binghatti said on Monday it had launched an asset management firm aiming to manage around $1 billion in Shariah-compliant private credit and real estate investments to diversify its portfolio and broaden access to alternative capital. Binghatti Capital will be based out of the Dubai International Financial Centre (DIFC) and has secured regulatory approval to work with professional clients exclusively, the developer said in a statement. "The creation of an asset management arm represents a strategic move to deepen Binghatti Holding's investment footprint and enhance access to alternative capital," Binghatti Capital's Executive Director Katralnada Binghatti said. Under its real estate strategy, Binghatti Capital will focus on acquiring and selling off-plan residential properties as well as the acquisition, development and sale of residential projects. Its private credit strategy will focus on supply chain financing in the real estate sector, which expanded in Dubai in recent years, propelled by large-scale infrastructure spending and generous income tax policies that have attracted thousands of international investors. Other asset managers in the Gulf, including Amwal Capital Partners, have also expanded into the private credit space, a form of non-bank lending, typically involving direct loans to mid-sized companies, real estate developers, or asset-backed borrowers. (Reporting by Federico Maccioni, Editing by Louise Heavens)
