Walton's exit-focused land investment endorsed as shari'ah-compliant

The Walton Group of companies, an international real estate investment company specialising in providing innovative land-based real estate products concentrated on major North American growth corridors, announced that its exit-focused land investment has been endorsed by the Amanie Shariah Supervisory Board as shari'ah-compliant.

Source: Walton. The Lake Ridge Parkway land parcel in Texas, US.

Under Walton’s exit-focused pre-development land investment model, Walton acquires a parcel of land that a public home builder desires to develop in the near term and offers that land to investors around the world, including in Asia. At the same time, Walton enters into an exit-focused letter of intent with the home builder.

This win-win solution allows the builder time to work on their development plans and to negotiate the terms of a phase-by-phase purchase of the property. When there are ready buyers of homes, the home builder will then purchase Walton's land and develop properties on it. In this way the home builder is able to improve their returns on capital by aligning land payments with actual home sales activity. In turn, investors benefit from a stream of income for the duration of the development.

By working with the largest public home builders and focusing on the fastest growing regions in the US, Walton offers a unique way for investors to diversify their portfolios. The assets aim to generate short to medium term US-dollar income for investors.

Bill Doherty, CEO, Walton International Group, said: “We are extremely pleased that our exit-focused land investment has received the endorsement of Amanie. This is important as our expanding Muslim client base can now be reassured that our investment products are shari'ah-compliant. This endorsement provides an opportunity for Walton to offer our land-based investment products in Islamic finance centres throughout our regions.”

Amanie Advisors is a shari'ah advisory firm specialising in Islamic finance solutions covering services such as shari'ah advisory and consultancy, training and research and development for institutional and corporate clients. It has a presence in Malaysia and UAE among other locations.
 
Maya Marissa Malek, CEO of Amanie Advisors said: “We are excited to see this commitment from Walton to tailoring its investment structures to comply with shari'ah guidelines. As the Islamic investment industry grows, investors increasingly demand a broader pool of offerings to diversify their portfolios. Amanie is very pleased to be able to provide clarity on structures that satisfy shari'ah requirements.”

Walton is a privately-owned. It manages and administers US$3.39 billion of real estate assets in North America on behalf of its investors and business partners. Walton has more than 104,000 acres of land under ownership, management and administration in the US and Canada.

Walton Singapore's Hari Raya event includes bazaar with something for all

Source: Walton eDM.

The Walton Group (Walton), a privately-owned real estate investment and development multinational group which concentrates on pre-development land investments in North America, is organising a Hari Raya (Eid) event for the family in Singapore. People of all faiths are welcome.

The Celebrate Hari Raya with Walton event commemorates Walton's first Hari Raya after receiving shari'ah-compliant endorsement of its business model and investment offerings in Singapore from the Financial Shariah Advisory and Consultancy (FSAC) earlier in the year.

The evening's activities will include a series of talks, including an interview with the FSAC on Walton and the Muslim community, and Ustaz Mohammad Khairi bin Nazron will speak about remembering Ramadhan. Tee Wai Wai, Director of Sales, Walton International Group, will speak about Peace of Mind forYour Family's Future.

A mini bazaar and other activities will be held on the sidelines, together with children's entertainment facilities. Booths at the event include:

Aleyda Mobile Spa, a Singapore provider of on-site spa services for events. It offers professional massage, mani-pedi and facial services.

Source: Baraka Bazaar website. Islamic audio CDs.

Baraka Bazaar, Asia's online Islamic store. Books, beads, attar (perfume), bukhoor (incense), fashion, CDs, and DVDs will be on offer.

Being Centre, which runs courses on Islamic spirituality.

Cakes & Breads will hold on-the-spot ketupat-weaving lessons. Founder Diyanah Gasper's company creates personalised cakes, unique pastries and delicious kuehs for all kinds of celebrations.

Food 'N' Such supplies halal and convenience foods. Available for catering, the company's menu includes dim sum, frozen dishes, air batu malaysia (ice lollies), bayam crisps (spinach leaf crisps), desserts, cakes and cookies.

Lully Selb marbled peplum top in white, black and gold. 

Lully Selb, a modest streetwear brand with original hand-illustrated prints.

Math Prodigies Learning Centre, specialising in helping primary and secondary school students with math, bringing them from F’s to A’s in as short a time as six months.

Peanut candy from Dubai

SADE olive soap.

Sade Trading, specialised in natural healing and natural remedies:

- Health consultations; natural remedies and therapy; hijamah/cupping
- Honey, essential oils, spices etc

Silat - the Malay art of self-defence.

Source: Sultan Cola website. Sultan Cola Classic.

Sultan Cola, a cola drink that includes a mixture of black seed* and natural flavours. Its composition is adapted for the halal and vegan market.

Source: TPSG website. This is the Maysaa Barbie L, which has a satin finish on one side, and a matte finish on the other side.

TPSG (TudungPeople Singapore) is known for premium tudungs in Singapore. The brand has more than 18,000 fans on social media, which TPSG attributes to the practicality, elegance, modesty and quality of its hijabs.

Wonderhandz, a group of professional housewives providing affordable Muslimah home therapy services such as spa facials and Balinese boreh body scrubs; home cleaning services and child minding services.

Free Food for All (FFFA), a non-profit private initiative to feed the less fortunate, regardless of race or religion.

Halal-U.com, a news portal focused on shari'ah-compliant equities.

Pergas Investment Holdings (PIH) is a shari'ah advisory firm that specialises in Islamic finance solutions that cover shari'ah advisory and consultancy, corporate and entrepreneur business advisory services.

As of May 2016, the shari'ah endorsement applies to the 12 regions where Walton-administered lands are located: Arizona, California, Colorado, Florida, Georgia, North Carolina, South Carolina, Maryland, Virginia, Texas, Tennessee and Oklahoma.

Interested?

Reserve a space for this invitation-only** event with an email to Faith Ong Yan Ying, VP, Walton via Yanying.ong at walton.com

Date: 27 July, 2016

Agenda***:
6pm: Registration and networking (dinner is provided)
7.19pm: Maghrib prayer**** led by Ustaz Mohammad Khairi bin Nazron
7.45pm: Ustaz Khairi speaks about Remembering Ramadhan
8pm: Interview with the FSAC: Walton and the Muslim community
8.15pm: Peace of Mind for Your Family's Future by Tee Wai Wai, Director of Sales, Walton International Group
9pm: Closing supplication by Ustaz Khairi, announcements

Venue: Raffles Place, Republic Plaza I, Level 35-01/02

Parking directions: Please keep left when entering the Republic Plaza car park. The entrance to the building is via the first floor of the main lobby. It costs S$3 every half-hour from Mondays to Fridays from 7am to 5pm, and S$3 per entry after 5pm. 

Interested?

Watch Ustaz Khairi speak on video in this Ramadhan series

*Prophetic medicines are those which the Prophet Muhammad is said to have recommended for improving health, and include products made from honey, herbs such as the Habbatus Sauda (also called black cumin or Nigella Sativa), camel milk and camel urine. Procedures such as cauterisation, wet cupping or hijama, and prayer are also recommended.

**The invitation is not an offer to sell nor a solicitation of an offer to buy any land investments, which may only be conducted using documentation prepared in accordance with applicable law. 

***Agenda and sideline activities are subject to change.

****Prayer facilities will be provided. Please come prepared if possible to avoid congestion in the bathroom area.

Walton evening talk to focus on shari'ah-compliant land investments

Pergas, the Singapore Islamic Scholars and Religious Teachers Association, will speak during an evening talk about its shari'ah-compliant endorsement of the Walton Group's business model and investment offerings.

The Walton Group (Walton) is a privately-owned real estate investment and development multinational group which concentrates on pre-development land investments in North America. As of May 2016, the shari'ah endorsement applies to the 12 regions where Walton-administered lands are located: Arizona, California, Colorado, Florida, Georgia, North Carolina, South Carolina, Maryland, Virginia, Texas, Tennessee and Oklahoma.

The talk, titled Working towards Your Investment and Your Community, will be in two parts. Shahirah Mohamed Salleh, Head, Syariah Advisory and Services of Pergas Investment (MSc in Islamic Banking and Finance) will cover:

The basis for a shari'ah-compliant endorsement
Benefits and importance of investing in shari'ah-endorsed products

The potential role of Walton's pre-development land investments in achieving financial goals will also be discussed by Tee Wai Wai, Director of Sales, Walton International Group.

Source: Walton.

Interested?

Date: 22 June, 2016
Time: 6pm to 8pm

Agenda:
5.30pm to 6pm: Registration and networking
6pm to 6.30pm: Discussion with Pergas
6.30pm to 7.14pm: Discussion with Walton
7.14pm to 7.30pm: Adhan and buka puasa (call to prayer and breaking of fast)
7.30pm onwards: Maghrib prayer*, dinner and networking

Venue: Raffles Place, Republic Plaza I, Level 35-01/02
Parking directions: Please keep left when entering the Republic Plaza car park. The entrance to the building is via the first floor of the main lobby. It costs S$3 every half-hour from Mondays to Fridays from 7am to 5pm, and S$3 per entry after 5pm. 

The invitation-only** session can accommodate a maximum of 25 people - first come, first served. Request an invitation from Faith Ong Yan Ying, VP, Walton by email: Yanying.ong at walton.com

*Prayer facilities will be provided. Please come prepared if possible to avoid congestion in the bathroom area.

**The invitation is not an offer to sell nor a solicitation of an offer to buy any land investments, which may only be conducted using documentation prepared in accordance with applicable law.