Al-Salam Reit IPO sets sail amid Malaysia crisis

Malaysia is set to usher in its fourth Islamic Reit but political and economic chaos domestically may make a deal difficult to execute.

Al-Salam Reit IPO sets sail amid Malaysia crisis

Bankers running the $60 million initial public offering for JCorp's real estate investment trust Al-Salam Reit hope a successful deal will give investors something to cheer as Malaysia grapples with political and economic uncertainties.

The listing of Al-Salam Reit, which is sponsored by the Johor state investment arm, is another important milestone for the Malaysian government in its efforts to promote Kuala Lumpur as a global centre for Islamic finance, a source familiar with...

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