alBaraka Capital launches ‘Tanfeez’ company for real estate investment

alBaraka Capital launches ‘Tanfeez’ company for real estate investment

AlBaraka Capital for financial investments, a subsidiary of AlBaraka Bank, announced the establishment of “Tanfeez” company for real estate investment and urban development.

The company represents the investment and real estate development arm of the group, with the aim of making a quantum leap in the Egyptian real estate market. And provide investments and programs to provide liquidity for real estate projects that are compatible with the provisions of Islamic Sharia.

The launch of “Tanfeez” comes within the framework of alBaraka Bank’s pioneering strategy in providing Islamic banking solutions and in accordance with the vision of alBaraka Capital, which pays great attention to supporting the Egyptian economy and the real estate investment sector in particular.

Tanfeez adopts an ambitious expansion strategy that enables it to provide integrated investment services in the field of real estate development, in addition to providing project financing programs in cooperation with major real estate developers.

For his part, Hazem Hegazy, Vice Chairperson and CEO of alBaraka Bank, expressed his happiness at the launch of the “Tanfeez” company specialized in real estate investment and urban development.

He said: “The company represents a new and distinguished addition to the alBaraka Bank family, and contributes effectively to the implementation of the bank’s expansion