Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
20Activity
0 of .
Results for:
No results containing your search query
P. 1
Islamic Reits

Islamic Reits

Ratings:

5.0

(1)
|Views: 865|Likes:
Published by Ovais99
Islamic Investment, new opportunities
Islamic Investment, new opportunities

More info:

Published by: Ovais99 on Nov 08, 2008
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

04/03/2013

pdf

text

original

 
1
 Islamic REITs
The Latest Shari’a-Complaint  Investment Opportunity
Ijlal Alvi
CEO -IIFM
2
Contents
Overview of REITs
 REIT -Types, Risk & Return
 Advantages of investing in REITs
 Investing in Islamic REITs-Issues
 Malaysian Islamic REITs
 Malaysian Shari’a permissible Investments for  Islamic REITs
Conclusion
 
2
3
IIFM
The IIFM is an international infrastructure, non-profit organization, established through thecollective efforts of five countries and onemultilateral institution: Bahrain, Brunei, Indonesia,Malaysia, Sudan and Islamic Development Bank.
 IIFM’sPrincipal Objective is to establish, developand promote the Islamic Capital and Money Market on the principles of Shari’ah
IIFM’srole is that of a developer and catalyst of theIslamic financial market encompassing both theshort-term money market and the long-term capitalmarket
 
4
IIFM –Areas of Immediate Focu
Standardization of market related issues such ascontracts and products
Guidelines and Procedures on Islamic instruments
International Islamic Trading and Liquiditymanagement system covering aspects such as tradinginfrastructure, clearing and settlement
Research and Development and Specialized events andforums to disseminate information and create awarenesson Islamic Capital and Short Term Financial Market
Development of templates for capital market segmentof the Islamic Financial Services Indust
 
ry
 
3
5
Overview of REITs
 REITsor REIT like vehicles operate in 29 Countries
US REITs:
1960
Unpopular niche investment until 1992
Capitalization of US $360 bn
 Yields reaching 5.5% in 2005
 French REITs(SIIC):
2003
Capitalization of US $ 23.8 bn
 Yields reaching 5% in 2005
 Australian REITs:
1970’s
Capitalization of US $26 bn
 Yields reaching 7.3 % in 2005
 
6
REIT –Types, Risk & Return
Types of REITS:
Equity REITsown and operate income producingReal Estate
Mortgage REITslend money to Real Estate ownersand operators
Hybrid REITsown properties and give loans
 REIT return/yield depends on the following typesof assets:
Core –Stable, low risk & low returns
Core Plus –Moderate Risk & Higher returns
Opportunistic –High Risk & High returns and Cap
 
italGains

Activity (20)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Rafida Yusof liked this
Jason Lim liked this
Anne Rachel liked this
wkonjopong liked this
Ashu Dutt liked this
farah_hamzah_1 liked this
funnysitara liked this
Inah Junjune liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->