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Malaysia launches first Islamic property investment trust

Tue, 2010-11-30 12:19 — newsdesk

Malaysia's government-owned Pelaburan Hartanah Bumiputra launched a 317-billion-dollar investment trust in order to encourage its majority Muslim Malays to invest more in property.
The sharia-compliant Real Estate Investment Trust (REIT) would allow Muslim Malays and indigenous groups to increase their stake in real estate assets.

Source: 

http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/109...