Friday, February 13, 2009

AmInvestment Bank, KFH in $69m Ijarah deal

Trade Arabia:AmInvestment Bank Berhad and Kuwait Finance House (Malaysia) Berhad has arranged a syndicated Ijarah facility of up to RM250 million ($69.3 million) with Al-'Aqar KPJ REIT to help fund acquisition of nine real estate assets from all across Malaysia.

Al-'Aqar KPJ REIT is the first listed Islamic REIT in the world and the first healthcare REIT in the Asia-Pacific region, saisd a company statement. Its investment strategies are to own and invest in real estate and real estate-related assets...Continue Reading

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