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 6 Al-Salām Real Estate Investment Trust (Al-Salām REIT) is a Shariah-compliant fund that invests in diversified Shariah-compliant properties. The properties of Al-Salām REIT, which has a diverse portfolio, are strategically located throughout Malaysia. Al-Salām REIT achieved its first milestone on 29 September 2015, when it was listed on Bursa Malaysia Securities Berhad's Main Market with an initial asset value of RM903.1 million. Al-Salām REIT began with 31 properties in 2015 and has grown to 54 properties across Malaysia, including 3 retail malls, an office building, 43 food and beverage restaurants, and 7 food and beverage non-restaurant assets. Al-Salām REIT's asset value had increased to RM1.18 billion as of 31 December 2021 from its initial investment. The Manager of Al-Salām REIT, Damansara REIT Managers Sdn Berhad (DRMSB or The Manager), is a subsidiary of the Johor Corporation (JCorp) Group of Companies. DRMSB is licenced to manage Islamic REITs under the Capital Markets and Services Act 2007. Al-Salām REIT's market capitalisation was RM281.3 million as of 31 December 2021.
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