The enlarged REIT that will arise from the merger of ESR-REIT and Sabana REIT Shari’ah-compliant REIT (Sabana REIT) will not be adhering to Islamic financing regulations.
Sabana REIT is Singapore’s first, and currently only Shari’ah-compliant REIT.
It was listed in 2010 under a Shari’ah-compliant framework, partly with the intention to attract funds from the Middle East, and Muslim-majority nations.
Sabana REIT and ESR-REIT subsequently announced on 16 July that it has proposed to merge to form Singapore’s 5th largest industrial REIT by asset size
Related: ESR-REIT, Sabana REIT to form Singapore’s 5th largest industrial REIT via merger
Dear subscribers, please login to continue reading this article.
Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here.