Singapore's Sabana launches S$500 million Islamic trust certificates

By Marisa Wong

Madison, Wis., April 17 - Sabana Shari'ah Compliant Industrial Real Estate Investment Trust's manager, Sabana Real Estate Investment Management Pte. Ltd., announced that wholly owned subsidiary Sabana Sukuk Pte. Ltd. has established a S$500 million multicurrency Islamic trust certificates issuance program.

CIMB Bank Bhd. is the arranger and dealer of the program.

The real estate investment trust is based in Singapore. Its portfolio consists of 21 industrial buildings located also in Singapore.

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