IslamicFinance.de

Sabana Shari'ah Compliant Industrial Real Estate Investment Trust, or Sabana REIT, Tuesday filed its prospectus with Singapore's central bank for an initial public offering to raise about $541 million.
Singapore has been pushing for the development of Islamic finance in the city state, encouraging companies to offer a range of Shariah-compliant products including bonds and other investment products such as REITs.
Sabana REIT's initial portfolio will include properties in Singapore that have no connection to activities and products such as gambling, alcohol or pork.
Sabana REIT's initial portfolio comprises 15 industrial properties located across Singapore with an aggregate gross floor area of about 3.29 million square feet.