24.11.2010 - Dubai Islamic Bank in sharia-compliant REIT joint venture
From Reuters: Dubai Islamic Bank (DIB) launched the emirate's first sharia-compliant real estate investment trust to aid in the recovery of the country's battered real estate sector, top executives said on Tuesday. Emirates REIT, a joint venture between DIB and French property firm Eiffel Management, looks to attract sharia-compliant property such as office buildings, warehouses, schools and car parks and convert the rental income into dividends for investors, said Adnan Chilwan, chief of retail banking at DIB..............................................Full Article: Source
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