IFR 6.11.1

(1) A Fund Manager must ensure that it does not call, or otherwise hold out, a Fund as being an Islamic Real Estate Investment Trust or as being an Islamic REIT unless it is a Public Property Fund which is constituted in accordance with (2).
(2) An Islamic REIT is a Public Property Fund which:
(a) is constituted either as an Investment Company or as an Investment Trust;
(b) is primarily aimed at investments in income generating Real Property which complies with Shari'a principles; and
(c) distributes to the Unitholders at least 80% of its audited annual net income.
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]