DSE to launch real estate investment trust

The Dhaka Stock Exchange (DSE) is planning to launch Real Estate Investment Trust (REIT) so it organized a workshop today to train the bourse's officials on it.

REIT is a company that owns, operates, or finances income-generating real estate and it modeled after mutual funds. It pools the capital of numerous investors.

This makes it possible for individual investors to earn dividends from real estate investments without having to buy, manage, or finance any properties themselves.

The DSE organised the workshop at the DSE's main office at Nikunja.

The REIT has scope to work to establish livable and planned housing along with town planning, said Prof Shibli Rubayat-Ul Islam, chairman of Bangladesh Securities and Exchange Commission (BSEC).

"As the population of our country rises so the concept would be very useful for us," he said, adding the BSEC can talk with the National Board of Revenue so that it can help in popularising the REIT.

The BSEC will form the rules after talking with the related business people, he added.

Shaikh Shamsuddin Ahmed, a commissioner of the BSEC, ordered the DSE to form a committee that will work on formulating the necessary rules and regulations.