From Thailand-business-news.com: The Islamic Bank of Thailand expects to launch Thailand’s first Islamic property fund, worth THB 1.4 billion $47.2 million in December, according to the bank’s President Theerasak Suwannayos.
The fund, called IBank Shariah Property Fund according to the Dow Jones, will invest in an office building with a projected yield of around 5% to 7% per annum.The bank will be the main tenant of the building while the businesses leasing space must comply with the Islamic religion, it said……………………………………….Full Article: Source