Tue, May 26, 2020
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Funds more

Kenya: Draft law paves way for Islamic Reits funds

Posted on 29 June 2012

The draft Reit regulations 2012 published by the Capital Markets Authority (CMA) allow for creation of Shariah-compliant Reit products. Besides complying with requirements for development and construction Reits (D-Reits) and income investment Reits (I-Reits), proposed Islamic Reit funds will have to appoint Shariah advisers.
Shariah advisers will guide Reit managers on Shariah principles applicable in Kenya and conduct Shariah-compliant assessments of the terms of Reit schemes and Reit securities………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
May 2020
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031