This document discusses Islamic real estate investment trusts (REITs) and provides an overview of REITs globally. It outlines the advantages of investing in REITs, including tax benefits, liquidity, diversification, and high dividends. Issues with Islamic REITs are discussed, such as lower reinvestment rates leading to slower growth. The document also describes Malaysia's guidelines for Islamic REITs, including the first Islamic REIT launched there in 2006. In conclusion, universal regulatory frameworks and Shari'a consensus on asset types are needed to further develop Islamic REITs as a viable investment alternative.