Al Baraka Capital launches real estate investment arm in Egypt

Al Baraka Capital launches real estate investment arm in Egypt

Al Baraka Capital for Financial Investments, a subsidiary of Al Baraka Bank Egypt (SAUD), announced the establishment and launch of Tanfeez for Real Estate Investment Company in the Egyptian market, according to an emailed press release on December 12th.

Tanfeez is a company specializing in real estate investment and urban development.

The launch of Tanzeef will be a quantum leap in the Egyptian real estate market through investing in the sector and offering sharia-compliant liquidity-saving programs for real estate projects.

This comes within Al Baraka Bank’s strategy in providing Islamic banking solutions in accordance with Al Barak Capital’s vision of supporting the Egyptian economy, especially real estate investment.

Tanfeez adopts an ambitious strategy that enables it to offer integrated investment services in the real estate development sector, along with providing financing programs to fund projects in collaboration with leading developers.

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