Sabana REIT to Revise Investment Mandate by Removing Shariah-Compliance Requirement to Expand Network

Singapore-based Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has announced that it is removing the requirement for its investments to be managed in compliance with Shariah principles and procedures, according to a statement issued on the 22nd of July 2021. The revision will take effect on or around the 21st of October 2021. In addition, Sabana REIT will be renamed as Sabana Industrial REIT from the effective date of change.

Why it Matters?

The revised investment mandate of Sabana REIT will be to primarily invest in income-producing real estate used for industrial purposes in Asia, in addition to real estate-related assets. The upcoming revision will benefit the REIT by enabling it to expand its network of available...