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Showing 1 - 10 of 51 results for "Sharia"

Former director jailed for misuse of $1.75m

VINNY VUCAGO  |  TUESDAY, 11 AUG 2026
... responsibilities for personal gain." Equitable Financial Solutions and other companies controlled by Siddiqui provided Sharia compliant investments and lending products to members of the Australian Muslim Community. In sentencing, Judge Anderson noted ...

Largest managers' assets climb 9.4%: Research

ANGELIQUE MINAS  |  TUESDAY, 11 NOV 2025
The Thinking Ahead Institute (Thinking Ahead) published the 2025 World's largest asset managers report. The research indicated a continued recovery for the asset management industry with the value of total assets under management (AUM) at 500 of ...

Liquidity issues hurting Healthbridge Capital investors

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
Healthbridge Capital investors have been locked out of their money since March amid a liquidity crunch as corporate regulator ASIC stays mum about its knowledge or investigation into the potential collapse of another managed investment scheme. A significant ...

Islamic finance industry association established

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUN 2025
The Islamic Finance and Investments Association (IFIA) will work to further Australia's nascent Islamic banking, finance and investments sector and Shariah compliant standards. Launched today, the IFIA is led by chief executive Chaaban Omran, the former ...

Sidra Capital expands in Australia

KARREN VERGARA  |  THURSDAY, 24 APR 2025
Sidra Capital is expanding into the Australian market via the launch of a private credit fund that invests in the local mining and energy sectors. Headquartered in Saudi Arabia, the Shariah-compliant alternative fund manager is making its Sidra Asia ...

Private wealth group splashes $182m on Hejaz

KARREN VERGARA  |  FRIDAY, 11 APR 2025
... (€100m) in funding from an unnamed UAE-based private wealth group. The Islamic financial services provider seeks to scale its Sharia-compliant offerings with the cash injection in property, auto, commercial and development loans. Hejaz chief executive ...

State Street receives Shariah-compliant certificate

MATTHEW WAI  |  FRIDAY, 16 AUG 2024
State Street Corporation now offers Shariah-compliant global custody and fund administration services. The announcement follows the company attaining a Shariah-compliant certificate from Amanie Advisors, a Shariah advisory firm. The Islamic finance ...

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
Crescent Wealth Superannuation will shut down next month; its members will be moved to the new 'Salaam' division of Russell Investments Master Trust. Following a review by Equity Trustees, the trustee for Crescent Wealth's super fund, an ...

Hejaz awards technology mandate to wealth platform

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
Hejaz has appointed wealth fintech Openmarkets to equip its in-development Shariah-compliant investment platform with trading and execution technology solutions. Openmarkets will support the platform with API-led market infrastructure technology, enabling ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... wanted to pool funds in an SMSF to buy property. Meezan also provides an Islamic superannuation fund which invests in a Sharia-compliant way. Islam said members of the Islamic community in Australia overwhelmingly preferred to invest in property over ...
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