What is it about?

Islamic Finance industry withstood the financial crisis in 2007, thereby indicating their potential to expand globally and becoming an admirable alternate financial market. The Islamic Capital market has witnessed tremendous growth over the years and one of their most interesting instrument offered is Islamic Real Estate Investment Trust which is a shariah-compliant alternative for the investors who want to invest in real estate but have limited financial capabilities. There have been researches conducted earlier discussing different Islamic REITs but a comparative study between the two Islamic REITs we considered i.e. Emirates REIT of UAE and Al-Salam REIT of Malaysia based on the five factors of portfolio, governance, performance, shariah compliance, and risk management is our distinguished contribution to literature for Islamic finance industry of UAE.

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Why is it important?

We define the meaning of the Islamic Real Estate Investment Trust I-REIT and how it can help in in creasing the effectiveness of the Islamic Capital Market. Also we identify the procedure for establishing the I-REIT and how its work and the differences between countries (UAE & Malaysia) in applying it.


This publication is useful for the policy holder and for those who want the Islamic Capital Market to be improved, also it help the investors to use it in different countries.

Assistant Professor Dr. Elias Abdullah Abu AL-Haija
Emirates College of Technology

Read the Original

This page is a summary of: Islamic real estate investment trust: comparative study between emirates Islamic REIT UAE and Al Salam Islamic REIT Malaysia, Journal of Islamic Accounting and Business Research, July 2021, Emerald, DOI: 10.1108/jiabr-09-2020-0273.
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