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Islamic Crescent Funds Management granted AFSL

Posted on 03 December 2010

From Moneymanagement.com.au: Shariah-compliant funds manager, Crescent Funds Management, has been granted an Australian Financial Services Licence (AFSL). Crescent, a subsidiary of Crescent Investments Australasia, plans to launch a Shariah-compliant Australian equities fund in the first quarter of 2011.
Crescent has appointed Ernst & Young as tax adviser and auditor and JP Morgan as custodian, according to Crescent Funds Management’s chief executive Chaaban Omran. The fund will be targeting domestic and offshore retail and institutional investors……………………………………….Full Article: Source

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