Pdf in an attempt to deepen the financial sector, the government of. The company invests in properties with the primary objective of providing unit holders with stable distribution and potential for sustainable long term growth of such distribution and capital appreciation. Introduction the board of directors of damansara reit managers sdn berhad, the manager of. Alaqar kpj reit operates as an islamic real estate investment trust in malaysia. The growth score for al aqar healthcare reit is higher than its peer groups. Malaysia introduced a second islamic reit in the subsequent year when on 8th february 2007, al hadaharah boustead reit, listed on the main board of bursa malaysia. The pearnings ntm ratio of alaqar healthcare reit is significantly lower than the average of its sector speciality reits. The purpose of this paper is to examine the performance of 19 malaysian real. Alaqar kpj reit fundamental company report including.
P was established in 1997 by a group of shareholders, companies and individuals with variety of. Background of alaqar healthcare reit on 28th june 2006, the first islamic reit called alaqar kpj reit was released. Al aqar healthcare reit has set many milestones, amongst others, the worlds first listed islamic reit, asias first islamic healthcare reit and a benchmark for the development of islamic reits in malaysia, as well as in the region. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. Islamic real estate investment trust as an investment asset for waqf management in indonesia. Practice and prospect of islamic real estate investment.
Al aqar healthcare reit operates as a malaysian domiciled islamic real estate investment trust. Alaqar kpj reit is dealing with reits, located at lot g 1214 lvl 5 blk gnorth pusat bdr damansara 50490 klumpur malaysia, contact 60320953252. Malaysia introduced a second islamic reit in the subsequent year when on 8th february 2007, alhadaharah boustead reit, listed on the main board of bursa malaysia. The first islamic reit real estate investment trust in the world was malaysiabased al aqar kpj reit, launched on june 2006. How to invest in reit malaysia definitive guide 2020. This is neither an offer to sell nor a solicitation of an offer to buy resource real estate opportunity reit. A real estate investment trust, or just reit for short, is security investment vehicle that invests in real estate. Subscribe to our rss feeds and get the latest bursa malaysia news delivered directly to your desktop. Size of bubble represents value of free float of each mreit.
Property developers like sunway group are the common shareholders and owners of reits sunway reit as they. Islamic reits in malaysia a al aqar kpj reit alaqar alaqar is the first islamic reit ipo in the world. This information must be preceded or accompanied by a prospectus in order to understand fully all of the implications and risks of the offering. Alaqar healthcare reit the fund is a malaysiabased real estate investment trust.
Alaqar healthcare reit has set many milestones, amongst others, the worlds first listed islamic reit, asias first islamic healthcare reit and a benchmark for the development of islamic reits in malaysia, as well as in the region. The trust invests in hospitals and other buildings related to the health tourism industry. The pearnings ntm ratio of al aqar healthcare reit is significantly lower than the average of its sector speciality reits. The second islamic reit was also malaysiabased, al hadaharah boustead reit, with initial investment in palm oil plantation estates valued at usd 6 million and was launched on february. Alaqar healthcare real estate investment trust is a malaysiabased company. Its activity is investing in syariahcompliant properties with the primary objective of providing unitholders with distribution and potential for sustainable longterm growth of such distribution and capital appreciation. Al aqar healthcare reit al aqar was listed on 10 august 2006 under its former name. The first islamic reit in the world was malaysiabased alaqar kpj reit. Pdf islamic real estate investment trust as an investment. Alaqar healthcare reit is a malaysianbased real estate and investment trust, established on 28 june 2006 pursuant to the execution of a trust deed dated 27 june 2006 between the manager drmsb, and the trustee amanahraya trustees berhad.
As filed with the securities and exchange commission on may 31, 2016 registration no. Shldrs int section 8 of ca 2016 employees provident fund board. Prospectus dated 17 july 20 registered with the monetary authority of singapore on 17 july 20. Alaqar healthcare reit is supported by kpj healthcare berhad. Reit ppm ppm for reit real estate investment trust ppm services s team is the global leader in writing real estate ppms for reits. The second islamic reit was also malaysiabased, alhadaharah boustead reit, with initial investment in palm oil plantation estates valued at usd 6 mill. The company valuation of alaqar healthcare reit according to these metrics is way below the market valuation of its peer group. The company valuation of al aqar healthcare reit according to these metrics is way below the market valuation of its peer group. This document comprises a prospectus relating to supermarket income reit plc the company prepared in accordance with the prospectus rules of the financial conduct authority the fca made under section 73a financial services and. Any representation to the contrary is a criminal offense. Al aqar kpj reit is dealing with reits, located at lot g 1214 lvl 5 blk gnorth pusat bdr damansara 50490 klumpur malaysia, contact 60320953252. Company filings, bloomberg as of 30 september 2010 note. Growth analysis of al aqar healthcare reit 5116 mys the growth score is a relevant measure for the assessment of a stock attractiveness.
Ghosh c nag r sirmans c f 1999 an analysis of seasoned equity offerings by from 323 3232 at apex college. It operates through the malaysia, and australia geographical segments. Ghosh c nag r sirmans c f 1999 an analysis of seasoned equity. The al aqar reit invested in 6 hospitals with the market value of the properties estimated at usd8mln. Al aqar healthcare reit is supported by kpj healthcare berhad. You can find the company financial results, quartery results for the past 5 years on bursa insights. The alaqar reit invested in 6 hospitals with the market value of the properties estimated at usd8mln. Aqar kpj reit recently received the islamic finance award for the most. It was listed on the main board of bursa malaysia on 10 august 2006. Then, on the following year, another islamic reits was introduced on 8th february 2007.
Al aqar healthcare real estate investment trust is a malaysiabased company. Click on the orange rss button to go to the subscribe page. Reit offering memorandum offering memorandum for reit real estate investment trust services s team is the global leader in writing real estate offering memorandums for reits. Exact name of registrant as specified in its charter maryland. Supplement to the prospectuses and summary prospectuses. Al aqar kpj reit initial investment were six hospitals valued at usd 8 million. This prospectus contains financial data for the fund through the fiscal year ended january 31, 2019. According to the a reit prospectus, investors in a reit will be able to enjoy yields forecast at 8% or more, based on conservative rental and occupancy assumptions. Launch of alhadharah boustead reit prospectus at the royale bintang hotel, jan. It owns six private hospitals in malaysia operated by its parent company, kpj healthcare bhd. Al aqar kpj reit alaqar, 5116 is listed on bursa malaysia, klse. These six properties are valued at rm481 million but are injected into the reit at rm461. Pdf islamic real estate investment trust as an investment asset.
Al aqar healthcare reit is a real estate and investment trust, which engages in investing in the shariahcompliant properties for commercial purposes. It primarily invests in the syariahcompliant real estate and syariah compliant real estaterelated assets that are us. The first islamic reit real estate investment trust in the world was malaysiabased alaqar kpj reit, launched on june 2006. About al aqar healthcare reit al aqar healthcare reit is a real estate investment trust. About alaqar healthcare reit alaqar healthcare reit is a real estate investment trust. Kl stock quote, history, news and other vital information to help you with your stock trading and investing. Aqar kpj reit we, the syariah committee member for al aqar kpj reit are responsible to ensure that the procedure and the workflow process which carried out by the manager of al aqar kpj reit that is damansara reit managers sdn berhad are in compliant with the principles of syariah which has been defined in the trust deed. All content on is for your general information and use only and is not intended to address your particular requirements. Supplement to the prospectuses and summary prospectuses for. Regulating the islamic capital market redmoney events.
Al aqar kpj reits pretax profit for the second quarter ended june 30, 2011 rose to rm11. The funds objective is to provide unitholders with stable distributions per unit and the potential for sustainable longterm growth of suc h distributions and net asset value per unit. The financial statements of alaqar healthcare reit for the financial year ended 31 december 2015 was not. Please download the free adobe acrobat reader to view these documents. Table 1 comparison between conventional and islamic reits. According to the areit prospectus, investors in areit will be able to enjoy yields forecast at 8% or more, based on conservative rental and occupancy assumptions. P was established in 1997 by a group of shareholders, companies and individuals with variety of experience. Practice and prospect of islamic real estate investment trusts i.
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