Our investment philosophy is grounded and bound by Islamic investment philosophies that aims to meet the financial needs of investors.
Islamic investment is based on economic principles that differ substantially from conventional wealth management. When investing on-behalf of our clients, we examine and research each investment to understand how it makes its money from a commercial as well ethical standpoint.
Our investment teams are supported by domestic and international research teams as well as the advisory services of our Shariah Supervisory Board, Dar Al Sharia.
Our investment principles
With conventional investments you may likely be investing in:
With Crescent Wealth, your money is always invested in the right place. Areas where we invest instead:
The four core principles of Islamic investing
Avoiding the payment and receipt of interest
The prohibition of interest arises from the Islamic view that money should be used only as a medium of exchange, a store of value and a unit of measurement. Money itself possesses no intrinsic value. The charging or receipt of interest – or ‘riba’ – is therefore prohibited. Any return on money invested should be linked to the profits of an enterprise.
Investing ethically and morally
Similar to socially responsible investing, Islamic investment filters out socially detrimental activities, such as gambling, tobacco, adult materials, alcohol and weapons. For the most part, Islamic investing is consistent with positive social values and good governance.
The existence of uncertainty in a contract is prohibited. Everyone participating in a financial transaction must be adequately informed and all fundamental terms such as price or quantity must be clearly determined at the outset.
Investments that rely on chance or speculation, rather than the efforts of the investor to produce a return are prohibited. Normal commercial risk-taking and related speculation is otherwise permitted.
Invest in one or diversify and invest in more.
|Australian Equities||International Equities||Property Fund||Cash Fund|
|Inception Date||10 July 2011||22 February 2013||20 February 2013||24 May 2012|
|Distributions||Paid bi-annually||Paid bi-annually||Paid bi-annually||Paid bi-annually|
|Recommended investment Timeframe||3-5 years||5 years||5 years||1 year|
|Liquidity||3-5 days redemption period||3-5 days redemption period||3-5 days redemption period||3-5 days redemption period|
|Base Management Fee||1.65% p.a.||1.85% p.a.||1.89% p.a.||0.55% p.a.|
|Performance Fee||15% of the amount (if any) (before fees) that exceeds the benchmark*||19% of the amount (if any) (before fees) that exceeds the benchmark*||20% of the amount (if any) (before fees) that exceeds the benchmark*||n/a|
|Minimum Initial Investment||$100,000||$100,000||$100,000||$100,000|
|Minimum Additional Investment||Additional $5,000||Additional $5,000||Additional $5,000||Additional $5,000|
|Minimum Withdrawal||Minimum withdrawal: $1000. Must be all if Balance is less than $100,000||Minimum withdrawal: $1000. Must be all if Balance is less than $100,000||Minimum withdrawal: $1000. Must be all if Balance is less than $100,000||Minimum withdrawal: $1000. Must be all if Balance is less than $100,000|
|Auditor||Ernst & Young||Ernst & Young||Ernst & Young||Ernst & Young|
|Registration ID||ARSN: 147 384 263 ABN: 54 112 297 894||ARSN: 154 620 943 ABN: 69 858 738 424||ARSN: 148 080 942 ABN: 59 480 426 296||ARSN: 155 403 142 ABN: 13 994 296 635|
|International Securities Identification Number (ISIN)||AU60CFL00025||AU60CFL00082||AU60CFL00025||AU60CFL00033|