Shares & Derivatives
Reit History: Sabana Reit
By Passive Income Farmer  •  January 30, 2017
There is now an on-going movement by a group of minority unitholders for a proposal to remove the Manager of the Sabana Reit.  This is unprecedented in Singapore Reits.  As a Reit investor, I do hope for their success as this would be a wakeup call for all the other Reit managers. Sabana Reit is the first and only Shari'ah Compliant Reit in Singapore.  Shari'ah Compliant Reits must have taken a certain level of commitment towards partaking in activities that are deemed to be acceptable according to principles of Islamic jurisprudence.  These include refraining from taking in tenants that are not seen to be aligned with Islamic values such as alcoholic beverages dealers, karaoke lounges, wine cellars, etc. Beside the need for compliant to SGX listing rules, Shari’ah Compliant Reit is also subjected to Shari’ah audit. I ......
Read the full article
By Passive Income Farmer
40 years old Singaporean, wanting to add more passive streams of incomes.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance