Capitas Group, operating under the brand name Capitas®, was first launched in 2005 by US entrepreneurs with backgrounds in real estate, finance and law. With its headquarters in New York, Capitas worked with Wall Street financial firms to develop specialized Islamic structured finance and insurance products that were desirable to institutional capital market investors.

In 2009 Capitas expanded internationally by launching Capitas Group International (CGI), a Jeddah based joint venture with the largest Islamic multilateral institution in the world, the Islamic Development Bank Group. CGI was established to promote real estate, investment, and launch specialty finance platforms across the
Middle East.

To date Capitas has launched greenfield financial platforms capitalized at over USD 600 million, overseen large scale real estate development projects with a market value in excess of USD 2 billion, and has partnered with and advised royal and private family offices, as well as private and public sector institutions such as Deutsche Bank, the Islamic Development Bank, Pacific Life, AIG, the Public Investment Fund of Saudi Arabia and sovereign funds serving the MENA region.

In 2015, Capitas partnered with private investors who share in the company’s vision and bring unprecedented access to an exclusive global network and investor base to set up a regulated financial firm based in the Dubai International Financial Centre (DIFC). Capitas (DIFC) Limited was formed and received its license to operate by the Dubai Financial Services Authority in 2017.

  1. September 2005
    Capitas is established in the United States and sets up its headquarters in New York.

  2. June 2006
    Capitas launches its subsidiary Zayan Finance, the first Shari’ah compliant CMBS conduit company in the US.

  3. July 2007
    Zayan Finance enters into master purchase agreement with Deutsche Bank.

  4. June 2008
    Capitas launches Zayan Takaful the first Shari’ah compliant real estate insurance platform in the US with policies being underwritten by AIG.

  5. July 2009
    Capitas signs joint venture agreement with the Islamic Development Bank to launch Capitas Group International based in Jeddah, Saudi Arabia.

  6. August 2010
    Capitas Group International is engaged by the Real Estate Development Fund of Saudi Arabia (“REDF”) to advise on mortgage platform enhancement.

  7. October 2010
    Capitas Group International is engaged by the Government of Qatar to establish national SME authority “Enterprise Qatar”.

  8. September 2011
    Capitas Group International is mandated to set-up and establish mortgage finance company in Saudi Arabia (“Bidaya”).

  9. June 2012
    Capitas Group International creates Development Management Services unit to advise public and private sector institutions on real estate development projects.

  10. August 2012
    Capitas’ DMS unit engaged by the Municipality of Makkah to provide the development plan for 2 million sqm Jebel Sharashif regeneration project.

  11. October 2013
    Capitas Group International sets up and launches the Afaq Fund (SAR 600 million committed capital) to invest in SMEs in Saudi Arabia.

  12. December 2013
    Capitas Group International files application with Saudi Arabian Monetary Agency to establish Bidaya Home Finance with a capitalization of SAR 900 million.

  13. August 2014
    Capitas Group International sets up and launches Ijmal Limited (SAR 65 million), the first Shari’ah compliant real estate investment platform to provide mezzanine finance in Saudi Arabia.

  14. October 2015
    Capitas exits joint venture with the Islamic Development Bank Group and sets up Capitas SP Group, based in Dubai, UAE.

  15. March 2017
    Capitas sets up Capitas (DIFC) Limited, a Category 4 DFSA regulated financial services and investment advisory firm.