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Islamic Finance Briefing - Categorized | Funds, New Launches more

Australia: Crescent unveils first Shariah-compliant fund

Posted on 05 June 2012

Talal YassineAustralian Muslims will be able to stash their cash with today’s (Tuesday) launch of Crescent Wealth’s first Islamic cash management trust, which hopes to attract up to $100 million during the next few years.
Managing director Talal Yassine said he expected much of the money to come from Australian mosques. “Islamic Australians and institutions have had little choice so far but to put their cash reserves in non-compliant cash trusts,” he said………………………………………..Full Article: Source

 
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