Established in October 2000, AMLAK Finance PJSC, now the largest publicly held Islamic finance company in the country, is a pioneer in mortgage finance. Its growth strategy combined an Initial Public Offering in January 2004 that was oversubscribed 33 times, increasing its capital to AED750 million and its conversion into an Islamic financial institution that offers Shari'a compliant products. The recent launch of the company's Murabaha Auto Finance is the first of many new products expected to come on board this year.

AMLAK is currently traded on the Dubai Financial Market with EMAAR properties holding majority ownership and a 45 per cent stake in the company.