As we are aware that GLC hold a sizeable chunk of the nation’s assets. Hence, the government by unlocking the GLC’s assets into REIT might prove to be an alternative to privatization.
Recently at the Malaysian Islamic Finance Issuers And Investors Forum 2006.
Malaysia’s first foreign Islamic bank Kuwait Finance House (KFH) managing director Salman Younis said GLCs are sitting on huge assets like the plantation ad real estate business that can be unlocked into I-REITs.
Salman Younis further elaborated on:

• The need to have the “size” to attract investors especially from the Middle East who are interested in syariah-compliant REITs;
• He is now in discussion with several GLCs to promote this idea as there is a need to access to this pool of assets;
• Advising that REITs does not mean only shopping centres where in US, there is even prison REITs;
• Middle East investors presently are investing in US and Australia but he felt that their choice should be in Asia, Japan and Singapore