Bilal El-Cheikh Development Director
TH Properties Sdn Bhd venture in Sydney paves way for more Islamic financing https://www.iproperty.com.my/news/th-properties-sdn-bhd-venture-in-sydney-paves-way-for-more-islamic-financing/ KUALA LUMPUR, Nov 23 u2014 The participation of TH Properties Sdn Bhd in developing residential projects in Sydney, Australia may indirectly pave the way for more Malaysian and local banks to venture into Shariah-compliant financing in the future. TH Properties is the property development arm of Malaysiau2019s pilgrimage fund, Lembaga Tabung Haji. It has just completed a A$220 million (RM675.4 million) Bay Pavilions property development project at Lane Cove and is now involved in three other developments with a gross development value (GDV) exceeding A$800 million (RM2.4 billion). The projects are the A$200 million (RM614 million) Imperial Hurstville at Treacy Street, the A$500 million (RM1.5 billion) ONE The Waterfront project at Wentworth Point and a proposed A$110 million (RM337.7 million) high-rise apartment to be launched in 2016 at North Strathfield. Our Profile: https://www.slideserve.com/BilalElCheikh More Magazines: https://www.slideserve.com/BilalElCheikh/mr-bilal-el-cheikh-powerpoint-ppt-presentation
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