Advisory Center for Affordable Settlements & Housing

acash

Advisory Center for Affordable Settlements and Housing
ACASH

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HOUSING AND HOUSING FINANCE: SHARIA-COMPLIANT LONG-TERM FUNDS AND ROLE OF ISLAMIC-REITS

By Zaigham M. Rizvi
Secretary General
Asia-Pacific Union for Housing Finance

The world’s biggest concern today is the burden of fast increasing population, as Malthusian Theory on population growth is visibly proving to be so true. With around 7.55 billion people presently living on face of the earth, the habitable land on the globe is already over populated and density is increasing in terms of Persons/Sq.KM. By year 2050 the world population is projects at 9.726 billion, with more than half ((54%) will be Asians or one out of two people on the planet earth.