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Showing 11 - 20 of 33 results for "Shariah"

Hejaz backs local Islamic bank

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
... customers in Australia, working in partnership with other Islamic and non-Islamic organisations to give customers access to Shariah-compliant fund management, financial planning, accounting, property finance, super, tax and insurance services. "Islamic ...

DomaCom hits $100m in FUM

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
... Perhaps the most progressive development for the DomaCom Fund is an investment product for Seniors Home Equity Release and a Shariah compliant housing finance solution for Australia's Islamic community. These new financial models demonstrate the flexibility ...

Hejaz expands with three new funds

KARREN VERGARA  |  MONDAY, 12 JUL 2021
... manager's aggressive growth strategy, the funds will give Australian Muslims and other socially conscious investors access to Shariah-compliant managed funds. The Global Equities Fund is targeting a 20% per annum return net of fees, investing in Europe ...

DomaCom partners for Sharia-compliant home loans

KANIKA SOOD  |  MONDAY, 21 DEC 2020
... However, the rate of home ownership in the cohort is lower than the broader population (15% vs. 66%) The report estimates the Shariah-compliant mortgage finance market stands at $192 billion, making it an opportunity for $4 billion in average gross fund ...

Shariah-compliant ETF launches

KARREN VERGARA  |  THURSDAY, 1 OCT 2020
A Shariah-compliant global equity ETF, touted as the world's first, has listed on the London Stock Exchange. The actively managed Almalia Sanlam Active Shariah Global Equity UCITS ETF (AMAL) aims to achieve capital growth over the medium to long ...

Malaysia drives growth in Shariah funds

MARK SMITH  |  MONDAY, 4 JUL 2016
Support for Shariah-compliant investment funds in Asia is on the rise, particularly in Malaysia and Indonesia, but the sector still face challenges, according to global research house Cerulli Associates. Shariah finance principles forbid the acceptance ...

Australian Islamic finance presents opportunities

MARK SMITH  |  FRIDAY, 26 APR 2013
Less than one per cent of investment products in Australia are Shariah compliant, suggesting huge opportunities for fund managers blazing the trail in this segment. The Muslim Community Co-operative Australia manages a Shariah compliant property income ...

Government eyes Islamic finance growth opportunity

MARK SMITH  |  WEDNESDAY, 17 APR 2013
... Australia Islamic Finance Forum in Melbourne, Parliamentary Secretary to the Treasurer Bernie Ripoll said the introduction of Shariah products to the domestic market would help to create jobs and boost sustainable growth. "The Shariah prohibition of ...

Islamic finance forum to discuss Shariah growth opps

MARK SMITH  |  WEDNESDAY, 3 APR 2013
... the Park Hyatt Hotel in Melbourne on 16 April. Amanie Advisors Australia has recently become one of the first specialist Shariah advisory bodies to be granted an AFSL licence this country. Far from being a niche segment of the market, Islamic investment ...

van Eyk drops AXA Bernstein for Sigma

ELISE BURGESS  |  MONDAY, 16 MAY 2011
... holds 31 per cent asset allocation. The mandate follows Sigma's appointment as the investment manager of the Crescent Shariah Compliant Australian Equity Fund.