Amlak Finance H1 profit surges 305% to Dh77 million on investment gains

Amlak Finance PJSC reported a 305 per cent surge in net profit after tax for the first half of 2026, reaching Dh77 million. The Dubai-listed Islamic financing provider attributed the sharp growth to increased returns from wakala deposits and the removal of specific financial liabilities. Revenue drivers and financial performance The company stated in a regulatory filing on Friday, 14 August, that the profit increase was primarily fueled by higher investment income. Specifically, income from wakala deposits—a Sharia-compliant investment structure—served as a core contributor to the bottom line during the six-month period ending June 30. Operating costs remained controlled as the firm focused on debt settlement and the liquidation of non-core assets. The 305 per cent year-on-year jump follows a period of balance sheet restructuring aimed at reducing long-term obligations to financiers. Impact on UAE real estate financing The results arrive as Dubai’s property market maintains high transaction volumes, driving demand for specialized mortgage products. Amlak, which focuses on home finance and real estate investment, is currently navigating a competitive landscape dominated by larger commercial banks. The elimination of certain financial bottlenecks, as noted in the H1 report, allows the firm to allocate more capital toward new financing disbursements. Shareholders and retail investors in the UAE market are closely monitoring Amlak’s ability to sustain this profit trajectory…