Amlak Finance, the largest publicly listed Islamic finance company and pioneer of home finance in the UAE, has revealed that it has donated to charities around the UAE. Amlak Finance has demonstrated its giving spirit by reaching out to a variety of local charity associations.
Amlak Finance has donated to charities including the Sharjah Charity House, Dubai Charity Association, Bait Al- Khair Association, Al Rahma for Charity Works / RAK, Al Ihasan Charity Center/ Ajman, Dar Al-Birr Association, and the Fujairah Charity Association.
“It is important to donate; non profit organisations strive for the betterment of the entire community through its benevolent initiatives,” Ali Ibrahim, Vice Chairman of Amlak Finance commented.
Amlak Finance’s offering to charitable associations that work with several smaller non-profit organisations in their respective emirate, will give many good-will companies a chance to benefit from the donation. The charitable association that has received the donation supports several other causes from different organisations.
“Amlak Finance will keep up its involvement in the community. Our business is allowing people to realize their dream of having their own home. It is our duty to be involved in the wider society of the UAE. The communities that we live in are as much a part of our home as the property we own,” concluded Ali Ibrahim.
About Amlak:
Amlak Finance PJSC (Amlak) was established in November 2000 as a wholly - owned subsidiary of its still major shareholder Emaar Properties PJSC (Emaar). The Company ceased to be wholly- owned in 2003 following a tripling of the capital base. An IPO was held in January 2004 and the Company was listed on the Dubai Financial Market in March 2004. Emaar currently owns 45% of the Company. No other shareholder has a stake of 5% or above. As at end 2004 non-national shareholders held an aggregate 18.62%.
