Staff View: Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)

Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)

By the end of 2008, there were only three Islamic REITs in the world, with all three in Malaysia, namely Al-'Aqar KPJ REIT (hospital properties), Al-Hadharah Boustead REIT (plantation properties) and Axis REIT (office/industrial properties). Axis REIT, which was the first Malaysian REIT, has re...

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Main Authors:	Osmadi, Atasya, Mohamed Razali, Muhammad Najib
Format:	Article
Published:	Persatuan Saintis Muslim (PERINTIS) 2014
Subjects:	G Geography (General) HD1394-1394.5 Real estate management
Online Access:	http://eprints.utm.my/id/eprint/59633/ https://perintis.org.my/ejournal/wp-content/uploads/2018/11/26-100-1-pb.pdf
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id	my.utm.59633
record_format	eprints
spelling	my.utm.596332022-04-21T00:43:40Z http://eprints.utm.my/id/eprint/59633/ Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC) Osmadi, Atasya Mohamed Razali, Muhammad Najib G Geography (General) HD1394-1394.5 Real estate management By the end of 2008, there were only three Islamic REITs in the world, with all three in Malaysia, namely Al-'Aqar KPJ REIT (hospital properties), Al-Hadharah Boustead REIT (plantation properties) and Axis REIT (office/industrial properties). Axis REIT, which was the first Malaysian REIT, has reclassified itself as an Islamic REIT in December 2008. This paper will provide an increased understanding of the Islamic M-REITs performance in terms of its financial and management strength during the global financial crisis from 2007 to 2009. The result gave us an understanding on the relevance of the Islamic M-REIT development and the expected future growth in Islamic property investment products with opportunities globally. The findings have revealed the competitiveness of I-REITs in terms of financial and management strength within M-REITs although hit by GFC. This indicates that the Islamic principles outdid the more volatile conventional principles during the GFC. Persatuan Saintis Muslim (PERINTIS) 2014 Article PeerReviewed Osmadi, Atasya and Mohamed Razali, Muhammad Najib (2014) Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC). Journal E-Perintis, 4 (1). pp. 48-69. ISSN 2232-0725 https://perintis.org.my/ejournal/wp-content/uploads/2018/11/26-100-1-pb.pdf
institution	Universiti Teknologi Malaysia
building	UTM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Malaysia
content_source	UTM Institutional Repository
url_provider	http://eprints.utm.my/
topic	G Geography (General) HD1394-1394.5 Real estate management
spellingShingle	G Geography (General) HD1394-1394.5 Real estate management Osmadi, Atasya Mohamed Razali, Muhammad Najib Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)
description	By the end of 2008, there were only three Islamic REITs in the world, with all three in Malaysia, namely Al-'Aqar KPJ REIT (hospital properties), Al-Hadharah Boustead REIT (plantation properties) and Axis REIT (office/industrial properties). Axis REIT, which was the first Malaysian REIT, has reclassified itself as an Islamic REIT in December 2008. This paper will provide an increased understanding of the Islamic M-REITs performance in terms of its financial and management strength during the global financial crisis from 2007 to 2009. The result gave us an understanding on the relevance of the Islamic M-REIT development and the expected future growth in Islamic property investment products with opportunities globally. The findings have revealed the competitiveness of I-REITs in terms of financial and management strength within M-REITs although hit by GFC. This indicates that the Islamic principles outdid the more volatile conventional principles during the GFC.
format	Article
author	Osmadi, Atasya Mohamed Razali, Muhammad Najib
author_facet	Osmadi, Atasya Mohamed Razali, Muhammad Najib
author_sort	Osmadi, Atasya
title	Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)
title_short	Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)
title_full	Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)
title_fullStr	Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)
title_full_unstemmed	Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)
title_sort	assessing the financial and management strength of islamic real estate investment trusts (i-reits) during the global financial crisis (gfc)
publisher	Persatuan Saintis Muslim (PERINTIS)
publishDate	2014
url	http://eprints.utm.my/id/eprint/59633/ https://perintis.org.my/ejournal/wp-content/uploads/2018/11/26-100-1-pb.pdf
_version_	1731225569224294400
score	13.211869

Assessing the financial and management strength of Islamic real estate investment trusts (I-REITs) during the global financial crisis (GFC)

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