M'sia launches first Islamic property investment trust

Malaysia's government-owned Pelaburan Hartanah Bumiputra launched an investment trust in order to encourage its majority Muslim Malays to invest more in property.
The sharia-compliant Real Estate Investment Trust (REIT) would allow Muslim Malays and indigenous groups to increase their stake in real estate assets.
As part of the plan the government would roll out programmes to enhance bumiputra capabilities.