The Rise of Shariah-Compliant Real Estate: Accommodating Muslim Investors’ Demand
The global Muslim population exceeding 2 billion has not only made headlines but has also influenced the surge in Islamic investment activity . However Muslims face restrictions on certain types of investments that do not comply with Shariah law . As a result, Shariah-compliant financing systems have experienced significant growth, with more than $2 trillion in financial assets mainly in the Middle East and Malaysia . With the Islamic finance industry projected to grow at a rate of 10 to 12 percent annually, now is the opportune time for the U .S . real estate industry to showcase its Shariah-compliant offerings .
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