Page 9 - From Zero To Hero

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Australia. Byhavingour presence in Indonesia, the
Reit will continue using our services albeit under
the Indonesian jurisdiction.”
Other forms of strategic alliance that it con-
siders are joint ventures with global partners,
informal co-operation, contractual alliances,
minority investments and franchising. There are
many unique offerings of ARSA that makes it
stand out from the rest in the same field. He says:
“Advising on various aspects of Reit exercises is
one of our unique value propositions.
“There are still not many players in themarket
who are well versed or have diverse experience in
relation to Reit related cases especially in relation
to Islamic Reit.”
ARSA, through its group, hasdiverse experience
advising on Reit from its inception till financing
– be it through straight lending or sukuk exercise.
ARSAas a grouphas also experiencedhandling the
exercise of converting the conventional Reit to an
Islamic Reit. This experience gives the company a
competitive edge over other regional players in
the market.
He adds: “The public perception that Reit is only
confined to real estate including land and building
is not true. Telecommunication or broadcasting
towers can be used as assets for listing under a
Reit – that is part of our unique offering.”
MALAYSIA: VIBRANT LOCATION
FOR ISLAMIC FINANCE
Malaysia can claim to be the most dynamic
country in the world for Islamic finance through
the setting-up of the Malaysia International
Islamic Finance Centre (MIFC).
Malaysia has adopted a top-down approach
that has exhibited strong political will to fa-
cilitate a vibrant and inclusive Islamic Finance
Industry due to the pioneering spirit of Bank
Negara Malaysia which is the central bank.
Bank Negara Malaysia established the Shariah
Advisory Council in May 1997 as the highest
Shariah Authority in Islamic finance, followed by
One for the album ... The ARSA team