Sabana REIT was conceived as Singapore's first Shari’ah compliant REIT more than a decade ago.
And judging from the awards it won, such as the KL Islamic Finance Forum’s "Most Outstanding Islamic Real Estate Product" in 2013, the REIT may have gathered a following among the Shari’ah investment community.
But Sabana REIT announced this year that it will be dropping its adherence to Shari’ah principle, a possibility that REITsWeek has been reporting on since at least 2018.
The move was finalised recently, and the REIT has now rebranded itself as Sabana Industrial REIT.
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