Binghatti Developers and Emirates Islamic sign strategic agreement on home financing

Dubai, 2 June 2022: Binghatti Developers, a leading real estate developer in Dubai, has partnered with Emirates Islamic, a leading Islamic financial institution in the UAE to provide home finance solutions to customers for properties developed by Binghatti.

Following the agreement, and in line with Emirates Islamic’s ongoing commitment to provide market-leading Shari'a-compliant financing products, UAE nationals and residents looking to purchase real estate from the Binghatti portfolio will benefit from preferential home finance product offering, profit rates and fees in addition to a simplified application process.

The agreement was signed at the Ritz-Carlton Hotel in the Dubai International Financial Center (DIFC) on Wednesday, 1 June, 2022 by Binghatti Developers’ Group CEO, Eng. Muhammad Binghatti, and Salah Mohammed Amin, Chief Executive Officer, Emirates Islamic.

The UAE real estate sector continues its upwards trajectory against the backdrop of continued post-pandemic recovery, visa reforms and economic stability. As a market leader in Islamic home financing, the agreement is aligned with Emirates Islamic’s strategy to enhance its retail banking proposition and deliver a superior customer experience across its customer base.

Binghatti Developers have signed the joint cooperation agreement with Emirates Islamic with the aim of enhancing cooperation between the two parties and enhancing the experience of UAE real estate investors.

Salah Mohammed Amin, Chief Executive Officer, Emirates Islamic said, “We are pleased to join hands with one of the UAE’s largest holding companies and property developers, Binghatti Developers. Through our partnership, we will enable opportunities for UAE nationals and residents to invest in Binghatti’s prestigious projects through attractive home financing packages. This strategic agreement will give customers the confidence that they are investing in a reputed real estate development while benefitting from lucrative home finance product.”