THE Securities Commission (SC) will release the first set of guidelines on the issuance of Islamic real estate investment trusts (REITs) on Monday, a move that will help hasten the introduction of Islamic REITs by industry players.
Second Finance Minister Tan Sri Nor Mohamed Yakcop said the issuance of Islamic REITs was in line with the Government’s efforts to facilitate the growth of the Islamic capital and local REITs market.
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