ABSTRACT
Chapter 9: When investments are made in Islamic real estate investment trusts (REITs), investors hold the units. The acquisition of Islamic REITs is done in the form of a pool of assets. Mudharabah aqad, or what can be perceived as a trust financing contract, can be understood as an agreement between the investment manager as a wakil (agent) of Shahib al-mal (investor) and the property manager. Islamic REITs have been acquiring greater impetus as an alternative channel for Shari’ah-compliant investments which is quite feasible. This chapter discusses that there are plenty of opportunities available for the expansion of Islamic or Shari’ah-compliant REITs in respect of Islamic asset management in the world financial market.
