From Channelnewsasia.com: Malaysia’s government-owned Pelaburan Hartanah Bumiputra on Monday launched a 317-billion-dollar investment trust in a bid 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 — collectively known as “bumiputra” or “sons of the soil” — to increase their stake in real estate assets, said Prime Minister Najib Razak at the launch……………………………………….Full Article: Source