Business 24/7
12 Aug 2008
By Darren Stubing
The thirst for Islamic financial investment structures continues unabated, particularly in connection to the property sector.
In a global first, Singapore listed Cambridge Industrial Trust is being transformed into an Islamic property trust. Australia's largest bank, National Australia Bank, will invest $35 million (Dh128.5m) for a stake in what will probably become the world's first listed industrial property trust which adheres to Shariah law.
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