{"id":77602,"date":"2021-07-02T18:08:30","date_gmt":"2021-07-02T13:08:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=77602"},"modified":"2021-07-02T18:11:05","modified_gmt":"2021-07-02T13:11:05","slug":"secp-first-sharia-compliant-reit-introduced","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html","title":{"rendered":"SECP first Sharia-compliant REIT scheme introduced"},"content":{"rendered":"\n<p>Karachi: The Security and Exchange Commission of Pakistan (SECP) has authorised Silk Islamic Development REIT (SIDR), Pakistan&#8217;s first Shariah-compliant Real Estate Investment Trust (REIT) in the real estate sector. news sources reported.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/secp-asks-for-feedback-on-amendments-to-reit.html\" target=\"_blank\" rel=\"noreferrer noopener\">SECP asks for feedback on amendments to REIT regulations<\/a><\/p>\n\n\n\n<p>The multi-partnered scheme is launched by the collaboration of leading construction and financial institutions of the country some of which includes&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>&nbsp;Arif Habib<a href=\"https:\/\/www.zameen.com\/news\/dolmen-city-reit-announces-relief-for-tenants.html\" data-type=\"post\" data-id=\"66508\" target=\"_blank\" rel=\"noreferrer noopener\"> Dolmen REIT<\/a> Management Ltd<\/li><li>Yunus Brothers Group that owns Lucky Cement Ltd<\/li><li>Fatima Group<\/li><li>Arif Habib Corp<\/li><li>Liberty Group and Arif Habib Dolmen<\/li><li>Silk Bank limited&nbsp;<\/li><\/ul>\n\n\n\n<p>Through public-private partnerships, the initiative aims to develop land in Karachi for commercial and residential uses in order to enhance the real estate market.<\/p>\n\n\n\n<p>Furthermore, the Arif Habib Dolmen REIT intends to establish two REITs, one for apartment construction and for commercial development, with the second Silk World Development REIT focusing on the development of villas in Karachi&#8217;s port city.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ise-reit-chairman-demands-a-separate-regulatory-authority-for-real-estate.html\" target=\"_blank\" rel=\"noreferrer noopener\">ISE REIT Chairman demands a separate regulatory authority for real estate<\/a><\/p>\n\n\n\n<p>The officials are of the view that under the new REIT the return on investment will be 30% as compared to the current 12% under older REIT.&nbsp;<\/p>\n\n\n\n<p>Previously, REIT had existed for a long time, the REIT sector remained dormant due to the government&#8217;s lacklustre interest in the sector. However, the SECP introduced changes in the REIT that brought in the intended flow in the real estate sector, primarily by offering FBR tax exemption to tax evaders who invested in the real estate business. Finance Minister Shaukat Tareen is revising the laws and regulations to make it more appealing for investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Security and Exchange Commission of Pakistan (SECP) has authorised Silk Islamic Development REIT (SIDR), Pakistan&#8217;s first Shariah-compliant Real Estate Investment Trust (REIT) in the real estate sector. news sources reported.&nbsp; Read: SECP asks for feedback on amendments to REIT regulations The multi-partnered scheme is launched by the collaboration of leading construction and financial institutions of the country some of which includes&nbsp; &nbsp;Arif Habib Dolmen REIT Management Ltd Yunus Brothers Group that owns Lucky Cement Ltd Fatima Group Arif Habib Corp Liberty Group and Arif Habib Dolmen Silk Bank limited&nbsp; Through public-private partnerships, the initiative aims to develop land in Karachi for commercial and residential uses in order to enhance the real estate market. Furthermore, the Arif Habib Dolmen REIT intends to establish two REITs, one for apartment construction and for commercial development, with the second Silk World Development REIT focusing on the development of villas in Karachi&#8217;s port city. Read: ISE REIT Chairman demands a separate regulatory authority for real estate The officials are of the view that under the new REIT the return on investment will be 30% as compared to the current 12% under older REIT.&nbsp; Previously, REIT had existed for a long time, the REIT&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[46646],"persona":[],"class_list":{"0":"post-77602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-reit-sharia","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP first Sharia-compliant REIT scheme introduced - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Security and Exchange Commission of Pakistan (SECP) has authorised Silk Islamic Development REIT (SIDR), Pakistan&#039;s first Shariah-compliant\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP first Sharia-compliant REIT scheme introduced - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Security and Exchange Commission of Pakistan (SECP) has authorised Silk Islamic Development REIT (SIDR), Pakistan&#039;s first Shariah-compliant\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-02T13:08:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-02T13:11:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/SECP.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nauman Ahmad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nauman Ahmad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SECP first Sharia-compliant REIT scheme introduced - Zameen News","description":"Karachi: The Security and Exchange Commission of Pakistan (SECP) has authorised Silk Islamic Development REIT (SIDR), Pakistan's first Shariah-compliant","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html","og_locale":"en_US","og_type":"article","og_title":"SECP first Sharia-compliant REIT scheme introduced - Zameen News","og_description":"Karachi: The Security and Exchange Commission of Pakistan (SECP) has authorised Silk Islamic Development REIT (SIDR), Pakistan's first Shariah-compliant","og_url":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2021-07-02T13:08:30+00:00","article_modified_time":"2021-07-02T13:11:05+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/SECP.jpg","type":"image\/jpeg"}],"author":"Nauman Ahmad","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Nauman Ahmad","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html"},"author":{"name":"Nauman Ahmad","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0ea33500845f59b56c53060ac1ef44a9"},"headline":"SECP first Sharia-compliant REIT scheme introduced","datePublished":"2021-07-02T13:08:30+00:00","dateModified":"2021-07-02T13:11:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html"},"wordCount":276,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/SECP.jpg","keywords":["REIT Sharia"],"articleSection":["New Developments"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html","url":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html","name":"SECP first Sharia-compliant REIT scheme introduced - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/SECP.jpg","datePublished":"2021-07-02T13:08:30+00:00","dateModified":"2021-07-02T13:11:05+00:00","description":"Karachi: The Security and Exchange Commission of Pakistan (SECP) has authorised Silk Islamic Development REIT (SIDR), Pakistan's first Shariah-compliant","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/SECP.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/SECP.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/secp-first-sharia-compliant-reit-introduced.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"SECP first Sharia-compliant REIT scheme introduced"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/0ea33500845f59b56c53060ac1ef44a9","name":"Nauman Ahmad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/Picture1-96x96.png","caption":"Nauman Ahmad"},"description":"Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.","sameAs":["https:\/\/www.zameen.com"],"url":"https:\/\/www.zameen.com\/news\/author\/nauman_ahmad"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/77602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=77602"}],"version-history":[{"count":2,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/77602\/revisions"}],"predecessor-version":[{"id":77606,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/77602\/revisions\/77606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/75882"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=77602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=77602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=77602"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=77602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}