Riyadh-Amlak
Amlak International Real Estate Development and Finance Company, within the umbrella of its financing services designed to serve the corporate and commercial finance sector, has unveiled innovative financing solutions to provide the necessary support to its customers wishing to invest, develop or purchase shopping centers and commercial complexes, according to integrated financing programs compliant with the provisions of Islamic law.
Abdullah bin Turki Al Sudairy, CEO of Amlak International, said that Amlak International's approach to developing financing solutions designed to support investment in shopping malls and commercial complexes is to meet the investment aspirations of its customers within the corporate finance sector and real estate investors, providing value-added financing solutions that enrich their investment trends and enhance their returns, especially in light of the favorable growth opportunities and incentives surrounding the market, including population growth and urban sprawl.
Abdullah Al Sudairy explained that Amlak International has created a comprehensive system of commercial real estate financing solutions that meet all real estate needs, including financing the purchase of land and the establishment of commercial centers, or financing the establishment of centers if the customer has the necessary land, in addition to what the company offers to its customers wishing to expand and develop existing centers or buy them, pointing out that all these options are available according to the legally approved financing formulas known as Murabaha, Ijara and Ijara described in Dhimmah.
Al-Sudairy added that Amlak International seeks, through these solutions that give customers a wide range of financing options that respond to their investment and commercial aspirations, to strengthen its strong partnership with real estate companies and investors, by understanding their needs and studying the reality of the local market and providing them with investment opportunities, as well as working to design and structure flexible financing products that suit their needs, pointing to the rich experience enjoyed by the company and the effective impact achieved by innovative financing solutions compliant with Islamic law in this field.
Sudairy added that the company offers all of these options in accordance with the sharia-approved financing formulas known as Murabaha, Ijara and Ijara.
