From Bloomberg: Sabana Real Estate Investment Trust said it plans to raise as much as S$554.4 million ($430 million) in an initial share sale to create the world’s biggest Shariah- compliant property trust by assets.
Sabana will sell 504 million shares at between S$1 and S$1.10 each in the city-state’s first Shariah-compliant trust to tap rising demand for Islamic financial products, according to a filing with the Monetary Authority of Singapore yesterday……………………………………….Full Article: Source