Providing financing to real-estate industry.
Barkat Capital exits 2025 as a scaling platform business, but one that still depends mainly on rolling and extending short-dated funding lines rather than on demand alone.
Barkat runs a guarantee and facility book that is far larger than its balance sheet, so the model has to be read through underwriting, fees, provisions and outside funding rather than through direct loans alone.
Barkat enters 2026 with operating economics that still hold up, but with a funding base that is too short; the near-term test is signed rollover and longer liability duration, not demand for credit.
