More Asian Islamic REITS seen drawing Gulf investors
The cross-regional Islamic investors increasingly embrace the product, so more Sharia-compliant real estate investment trusts (REITs) will come to market in Asia in early 2011.
Singapore's first Sharia-compliant REIT, Sabana REIT, listed on Friday, has drawn a mixture of both conventional and Islamic investors, a quarter of them from the Middle East.
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