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Bond Market News
Binghatti Launches Private Credit Fund to Boost Subcontractors and ROI
August 22, 2025
Binghatti Group, the popular Dubai-based real estate developer, has launched a new asset management arm, Binghatti Capital, to address the rising demand for alternative financial products. It aims to raise $1bn via Shariah-compliant funds, with a core focus on real estate and private credit. It will offer three types of funds:
- Single Development Fund for investment at the project level with Binghatti retaining equity control
- Multi‑Development Fund that is diversified across projects
- Private Credit Fund, the centrepiece, aimed at supply‑chain financing within the developer’s ecosystem
Its cornerstone Private Credit Fund will primarily provide working capital to its long-standing subcontractors. By lending to these partners, Binghatti aims to enhance its vertically integrated model, which currently includes land acquisition, capital structuring, and delivery. This move is expected to streamline construction cycles and boost operational efficiency, ultimately leading to faster project execution and stronger returns on investment. The initiative is hailed as a first for a real estate developer in the region and is seen as a way to diversify access to capital sources beyond traditional banking.
Binghatti’s 8.125% sukuk due 2030 is currently trading at 101.22, yielding 7.82%.
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