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The Shariah-compliant REIT scheme envisages investment in undeveloped land in Karachi. AFP/File ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved registration of the first Shariah-compliant developmental Real Estate Investment Trust (REIT) scheme in Pakistan under the revamped REIT regulatory framework. “The Arif Habib Dolmen REIT Management Ltd, a company having a successful track record of launching the only REIT scheme in the country, has successfully partnered with leading business groups for entering into an arrangement with a commercial bank, enabling launch of the Shariah-compliant developmental REIT Scheme called the Silk Islamic Development REIT (SIDR),” an SECP official told

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