Title of article :
Potentials of Islamic Real Estate Investment Trusts (I-REITs) in advancing oil palm industry in Malaysia
Author/Authors :
Mohd Hussin, Mohd Yahya Universiti Pendidikan Sultan Idris - Fakulti Pengurusan dan Ekonomi, Malaysia , Yusuf, Yusni Anis Universiti Pendidikan Sultan Idris - Fakulti Pengurusan dan Ekonomi, Malaysia , Muhammad, Fidlizan Universiti Pendidikan Sultan Idris - Fakulti Pengurusan dan Ekonomi, Malaysia , Abdul Razak, Azila Universiti Pendidikan Sultan Idris - Fakulti Pengurusan dan Ekonomi, Malaysia , Abdul Hadi, Fatimah Salwa Universiti Pendidikan Sultan Idris - Fakulti Pengurusan dan Ekonomi, Malaysia
Abstract :
The Islamic Real Estate Investment Trust (I-REIT) is a shariah based capital market instrument which offers investors an opportunity to invest in real estate. The Al-Hadharah Boustead REIT which was established in 2007 is the only oil palm plantation utilising the I-REIT instrument in Malaysia. This article discusses the principles of sharia adopted by the Al-Hadharah Boustead REIT and its contribution to the national oil palm industry. The findings showed that the Al-Hadharah Boustead REIT utilises the principles of al-musyārakah, Al-wakālah, Al-Ujr and musyā property in its investment activities. The result is a marked improvement, throughout the study period, of the Al-Hadharah Boustead REIT ownership in the oil palm industry.
Keywords :
Al , Hadharah Boustead REIT , investment activities , Islamic capital market instrument , Islamic Real Estate Investment Trust , Oil Palm Industry , sharia principles
Journal title :
Geografia Malaysian Journal of Society and Space
Journal title :
Geografia Malaysian Journal of Society and Space
