Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223033
Title: A PERFORMANCE AND PORTFOLIO OUTLOOK OF SHARIAH REIT: AN INTERIM REVIEW
Authors: YIN ZHI WEI
Keywords: Real Estate
Finance
Islamic
Performance
Portfolio
REITs
Issue Date: 1-Jun-2010
Citation: YIN ZHI WEI (2010-06-01T09:41:58Z). A PERFORMANCE AND PORTFOLIO OUTLOOK OF SHARIAH REIT: AN INTERIM REVIEW. ScholarBank@NUS Repository.
Abstract: Islamic REIT is a relatively new financial instrument thus limited studies have been done on it. This thesis will be a performance review and portfolio outlook of 3 Islamic REITs which were developed in Malaysia over the period of September 2006 to December 2009. It is shown in the thesis that Islamic REITs managed to outperform selected Islamic Real Estate stocks and benchmarks like KLSE properties and FTSE Bursa Malaysia. It also did relatively well when compared to other conventional REITs in Malaysia thus further supporting the hypothesis that Shariah compliance does not necessarily affect the performance of a financial instrument. The Islamic REITs have also recorded superior performance over REITs in matured Asia REIT markets (Japan and Singapore), Australia and the US. The study found that Islamic REIT with a low correlation to other assets are useful in diversifying multi-asset portfolio by helping to maximize portfolio return and minimize portfolio risk. It is also shown that Islamic REIT is just as useful in helping to diversify and help improve performance of both local and Asian security portfolio. Finally, the study found out that it is a good strategy to hold a portfolio of Islamic REIT as it can outperform single asset portfolio of individual Islamic REIT.
URI: https://scholarbank.nus.edu.sg/handle/10635/223033
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Yin Zhi Wei 2009-2010.pdf607.72 kBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

24
checked on Feb 2, 2023

Download(s)

9
checked on Feb 2, 2023

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.