Dubai International Financial Centre (DIFC) announced the launch of Binghatti Capital Limited, a DIFC-based asset management firm established by Binghatti Holding Ltd, with plans to target management of about USD 1 billion in Shariah-compliant private credit and real estate strategies. The firm has been authorised by the Dubai Financial Services Authority and is licensed to engage only with professional clients. Binghatti Capital’s real estate strategy will use separate mandates covering acquisition and sale of off-plan residential properties, as well as acquisition, development and sale of residential projects. Its private credit offering will focus on supply chain financing in the real estate sector, providing financing to construction firms, property management entities and key suppliers. In addition to private funds, the firm plans to offer tailored discretionary and non-discretionary portfolio mandates, and DIFC noted it is home to more than 46,000 professionals and over 400 wealth and asset management firms.

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