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 REIT, real estate investment...

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Molotov Cocktail
post Jun 17 2008, 04:56 PM

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i hav questions bout reit, can anyone answer? is reit is comply with shariah? since when the early reit is listed in KLCI?
Molotov Cocktail
post Jun 17 2008, 05:40 PM

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where to check? can anybody giv me the link
Molotov Cocktail
post Jun 17 2008, 09:41 PM

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I thought that too, but when i check SC website, i see that hotel company do not comply with shariah, maybe because they sell alcohol, some reits invest in hotel so that's why i asked about the compliance of reits with shariah. I hope those who knows can answer this.

This post has been edited by Molotov Cocktail: Jun 17 2008, 09:42 PM
Molotov Cocktail
post Jun 18 2008, 03:50 AM

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Thanks 4 ur info. FYI in Islam, rentals are not considered as interest. In my opinion some reits are considered non shariah compliant if they collect rentals from business that associated with gambling and selling alcoholic drink.

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