To The Unitholders of Al-Salām Real Estate Investment Trust We have acted as the Shariah Adviser of AL-SALĀM REAL ESTATE INVESTMENT TRUST(the "Fund"). Our responsibility is to ensure that the procedures and processes employed by DAMANSARA REIT MANAGERS SDN BERHAD(the "Manager") and that the provisions of the Trust Deed are in accordance with Shariah principles. In our opinion, based on our review of the documents and information made available to us, the Manager has operated and managed the Fund in accordance with applicable guidelines pertaining to Shariah matters, and principles, concepts and rulings endorsed by the Shariah Advisory Council of the Securities Commission ("SACSC") for the financial year ended 31 December 2021. In addition, we also confirm that: 1. The investment portfolio of the Fund is Shariah compliant, which comprises: a) Rental income from investment properties which complied with the Securities Commission Malaysia's Guidelines on Listed Real Estate Investment Trust. The percentage ratio of Shariah non-compliant rental for the financial year ended 31 December 2021 is within the threshold at 2.9875%; and b) Cash placement and liquid assets, which are placed in Shariah-compliant investments and/or instruments. 2. There was no acquisition of property that is deemed to be during the financial year Shariah non-compliant For and no behalf of the Shariah Advisory Committee, _________________________________ DATO’ (DR) HAJI NOOH BIN GADOT Chairman, Shariah Committee 21 February 2022 A L - S A L Ā M R E I T A N N U A L R E P O R T 2 0 2 1 122 SHARIAH ADVISER’S REPORT
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