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Structuring fund for affordable housing investment in Malaysia: an exploratory research

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dc.contributor.authorMohd Ariff Mohd Daud
dc.contributor.authorSaiful Azhar Rosly
dc.contributor.authorZulkarnain Muhamad Sori
dc.date.accessioned2020-10-22T14:45:35Z
dc.date.available2020-10-22T14:45:35Z
dc.date.issued2021
dc.description.abstractThe purpose of this study is to explore potential fund-raising option that can be developed to attract investment in affordable housing initiatives in Malaysia. In doing so, the study undertakes to discuss the viability of the property trust fund structure as an investment vehicle. The study uses a qualitative design that involves the use of semi-structured questionnaires as a data collection strategy. A total number of ten experts were selected for the interview using critical case sampling scheme based on the purposive sampling strategy. The study discovers that a dynamic fund structure - one that allows for the fund to evolve with changing circumstances and needs - can be adopted. This fund structure comprises a fund that can be initially established as a closed-ended fund. Then, with sufficient track record, the fund can be transformed into a public real estate investment trust, with the prospect of tapping into capital market via issuance of sukuk in the future. The fund can also adopt mezzanine structure of funding, which may reduce investors' risks with minimal government intervention.en_US
dc.goalsGoal 11
dc.identifier.citationMohd Daud, M. A., Rosly, S. A., & Muhamad Sori, Z. (2020). Structuring fund for affordable housing investment in Malaysia: an exploratory research. International Journal of Housing Markets and Analysis, 14(2), 260-271. https://doi.org/10.1108/IJHMA-03-2020-0024en_US
dc.identifier.doihttps://doi.org/10.1108/IJHMA-03-2020-0024
dc.identifier.issn1753-8270
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3300
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEmerald Publishing Limiteden_US
dc.rights2020. Emerald Publishing Limited
dc.sourceSEDONA
dc.subjectHousing finance systemsen_US
dc.subjectIslamic financeen_US
dc.subjectInstitutional investorsen_US
dc.subjectAffordable housingen_US
dc.subjectSocial investmenten_US
dc.subjectFund developmenten_US
dc.titleStructuring fund for affordable housing investment in Malaysia: an exploratory researchen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic bankingen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.goalGoal 11
ikr.topic.maintopicIslamic bankingen_US
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