KARACHI: IMARAT Group, a leading real estate developer in Pakistan, has announced the launch of IMARAT REIT, the country’s largest Sharia-compliant real estate investment trust (REIT). This initiative is set to transform the landscape of real-estate investment in Pakistan by offering a secure, transparent and globally accessible investment vehicle.
IMARAT REIT aims to provide both local and international investors with opportunities in high-quality commercial, residential and mixed-use properties, all guided by the principles of Sharia compliance. The initiative is expected to redefine the investment environment in Pakistan, offering investors a new avenue for stable returns and long-term value creation.
The initiative is backed by an esteemed board of directors, led by Shafiq Akbar, a seasoned leader with over 20 years of experience in the real-estate sector. The board also includes prominent figures such as Rahat Kaunain Hussain, former chairperson of the Competition Commission of Pakistan (CCP), and Dr S Qaiser Anis, vice chairman of the Pakistan Business Professional Council in Abu Dhabi.
The executive leadership team includes Chief Commercial Officer at IMARAT Group Saad Khalid Awan, and Mehwish Shafiq, a key figure in the establishment of Graana.com and the expansion of IMARAT’s real-estate footprint. They are joined by non-executive board members, Farooq Kamran, a banking and finance expert, and Lt Gen Muhammad Haroon Aslam.
With the launch of IMARAT REIT, the company aims to open up real-estate investment to a wider audience, making it more efficient, transparent, and accessible. This strategic move aims to modernise Pakistan’s real-estate sector, driving sustainable growth and increasing investor confidence in the country’s rapidly evolving market.