More than eight years after Singapore became the first stockmarket in Asia to list a real estate investment trust (Reit), the market has welcomed the city’s first Shar’iah-compliant Reit. While this isn’t the first Shar’iah-compliant Reit in Asia – there are already three smaller trusts listed in Malaysia – it is the first one of size, and shows that Singapore remains open to innovation in the Reit sector. It will also be the largest Shar’iah-compliant Reit by total assets globally.
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