Mon, Dec 22, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Funds more

Australia’s first Shari’ah-compliant retail property fund receives registration

Posted on 21 January 2011

From Cpifinancial.net: The Chairman of Crescent Investments Australasia has announced that its wholly-owned subsidiary and fully licensed entity Crescent Funds Management (Aust) Limited has received registration of Australia’s first Shari’ah-compliant wholesale and retail property fund called The Crescent Shariah Compliant Diversified Property Fund.
“ASIC has provided The Crescent Shariah Compliant Diversified Property Fund with an Australian Registered Scheme Number of 148 080 952 authorised to hold direct real property and financial assets property” said Chaaban Omran, Chief Executive Officer. Omran added, “This new fund will not allow any conventional borrowing or debt of any kind. The fund will target solid assets which will generate steady returns and sustainable capital growth within Australia.”………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031