Crescent Wealth is a proud supporter for the Crescent Foundation.
Crescent Wealth does not invest in any company that earns more than 5% of its income from prohibited sources (this percentage cap is determined and set by AAOIFI, the global standard for Islamic investment principles). As such, the Crescent Foundation is an important element of Crescent Wealth’s compliance with Islamic investment principles.
As and when one of the Fund’s managed by Crescent Wealth receives distributions such as dividends, Crescent Wealth on advice of the Shariah Supervisory Board determines whether any component of that income could be Prohibited Income (earned within the 0-5% threshold) and subsequently any such Prohibited Income is cleansed by being distributed to the Crescent Foundation.
The Crescent Foundation then distributes 100% of the received donations in supporting refugee education with Western Sydney University and helping the homeless.
Of note is that Crescent Wealth’s ethical filters have operated stringently and efficiently in selecting Islamic compliant companies that minimal tainted income has accumulated.
Charities we support
A respected peer support and mentorship organisation helping young men and women overcome social and personal hardships.
Cancer Council Australia
Cancer Council Australia’s vision is to minimise the threat of cancer to Australians, through successful prevention, best treatment and support. They are not-for-profit cancer control organisation, dedicated to reducing the impact of cancer on the Australian community. Jointly with member organisations, the state and territory Cancer Councils, they:
- Fund cancer research
- Provide support services for people living with cancer and their families
- Work with government to establish successful cancer screening programs
- Provide evidence-based information to health professionals, cancer patients and the general community
- Promote changes to policy such as tobacco
- Advocate for the rights of patients to best treatment and support
- Develop clinical guidelines for cancer treatment
Islamic Museum of Australia
Crescent Wealth is a partner of the Islamic Museum of Australia who officially opened their doors to the public on Monday 3rd March 2014. The Museum brilliantly fuses Australian and Islamic art and heritage, promoting harmony through education and its beautiful displays of Islamic Heritage.
The Islamic Museum of Australia (IMA) provides educational and cross-cultural experiences and showcases the artistic and cultural heritage of Muslims in Australia and abroad.
Through the five permanent galleries — Islamic Faith, Islamic Contributions to Civilisation, Art, Architecture and Australian Muslim History — the museum fosters a more nuanced and realistic understanding of what it means to be an Australian Muslim. By showcasing a wealth of contemporary artistic expression and an extensive cultural heritage, IMA facilitates space for critical reflection and personal interpretation — in the act of sharing, common myths and prejudices are dispelled and mutual understanding is established.
The Heart Foundation
The Heart Foundation saves lives and improves health through funding world-class cardiovascular research, guidelines for health professionals, informing the public and assisting people with cardiovascular disease.