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Showing 1 - 10 of 17 results for "Islamic Bank"

Islamic Bank hands back licence

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... owned in part by Hejaz Financial Services, surrendered its restricted licence to APRA last week. Since July 2022, Islamic Bank held a licence to operate a restricted authorised deposit-taking institution (RADI). This "allows an entity time to develop ...

Islamic Finance & Investments Association launches

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
... launched. The Islamic Finance & Investments Association (IFIA) is founded by directors Dean Gillespie, chief executive of Islamic Bank Australia, Wally Ayad, Ijarah Finance director, and Nashat Qadan, director of projects and investments at ICFAL. Chaaban ...

Hejaz backs local Islamic bank

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
Hejaz Group has injected $10 million into Islamic Bank Australia as its chief executive takes up a directorship at the latter. The fledgling Islamic Bank Australia, which is currently operating under a restricted ADI, is due to launch some time in 2023-24. ...

Crescent Wealth names chief operating officer

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
Crescent Wealth has appointed Rachel Edwards as its chief operating officer and head of marketing and growth. Edwards has over 20 years of experience in leadership positions spanning the financial services industry in Europe, the Middle East, Southeast ...

Hejaz Financial Services, GBST provide online calculators

CASSANDRA BALDINI  |  THURSDAY, 4 AUG 2022
Hejaz Financial Services, a diversified provider of Islamic financial products has selected GBST to provide a suite of nine online calculators. The suite will be powered by GBST's Equate technology, and underpinned by Equate's Content Management ...

Hejaz hires three senior leaders

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
Hejaz Financial Services made three senior appointments in a bid to become Australia's first licensed Islamic bank. Michael Trist assumed the general manager of sales and distribution; Andrew Oey is the new head of lending, while Samrah Sahi took ...

Australia should consider Islamic finance to bridge infrastructure gap

ALEX BURKE  |  MONDAY, 4 JUN 2018
If super funds continue to spurn local infrastructure investment in favour of offshore assets, Crescent Wealth managing director Talal Yassine believes the Islamic finance market should help make up Australia's shortfall. Yassine called on the Federal ...

Islamic finance forum to discuss Shariah growth opps

MARK SMITH  |  WEDNESDAY, 3 APR 2013
The Amanie Australian Islamic Finance Forum will be held at 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. ...

Sukuk demand to reach US$900bn in five years

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Global demand for Sukuk is forecast to triple from US$300 billion to US$900 billion by 2017, according to recently released estimates from Ernst & Young. Conventional institutions are increasingly demanding Shari'a compliant securities alongside Islamic ...

Crescent Wealth partners with US fund manager

CLAIRE MCGREAL  |  FRIDAY, 24 FEB 2012
Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund. Saturna Sdn Bhd, which is licensed as a fund manager in Malaysia and owned by Saturna ...
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