Kuala Lumpur, [Date] — Amwal US has taken a bold step toward advancing Shariah-compliant housing developments in the Middle East through its subsidiary, Mafaza Oman. In a high-level meeting, Amwal US Chairman Mr. Izzetin and Managing Director Mr. Wassem met with Mr. CK Low, Managing Director of Bastion Commonwealth Investment Bank (BCIB), to discuss a strategic partnership focused on Oman and the United Arab Emirates (UAE).
Mafaza Oman, a key arm of Amwal US, will spearhead housing projects aimed at delivering high-quality, affordable homes that adhere to Islamic principles. The collaboration leverages Amwal’s regional presence and BCIB’s expertise in ethical financial structuring.
“This partnership is a major milestone in our vision to provide sustainable and Shariah-compliant living spaces,” said Mr. Wassem. “Mafaza Oman will play a central role in turning this vision into reality.”
Mr. CK Low added, “BCIB is proud to support this initiative, which perfectly aligns with our mission of promoting responsible and innovative financial solutions. We see strong potential for growth in this region through our partnership with Amwal and Mafaza Oman.”
Detailed project announcements, including timelines and launch locations, will follow soon.
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