Continuing our commitment to provide our members with important and practical financial information, this Ramadan we teamed up with industry experts including the National Zakat Foundation and organised the “Simple Obligations of Money” seminars in Melbourne and Sydney on the 25th and 26th of May respectively.
These educational seminars focused on the essentials of Superannuation, Zakat and Wills from an Islamic perspective.
Both events were well attended, and it was highly encouraging to see the community turn up to benefit from these educational seminars even as they were held in the last 10 days of Ramadan. In one case, we were humbled that a group drove for over 5 hours to attend the Melbourne seminar all the way from Griffith NSW.
We are extremely grateful to our host partners, the Islamic Council of Victoria who were the gracious hosts for our Melbourne event and provided us access to their excellent facilities. And equally indebted to Bankstown Library for all their assistance for the Sydney event.
The main objectives of the seminars was to address, broaden and build on the awareness of key topics relating to financial topics from an Islamic perspective.
We addressed what Superannuation is and the importance of planning to have a stable retirement income.
We also ran through what is means to have an Islamic-compliant Superannuation fund and the key investment differences between Crescent Wealth and any conventional super fund on offer, giving real life examples of just how super funds invest heavily in areas that are harming families and communities. Investment areas such as Alcohol, Gambling and companies that manufacture, sell and deal in weapons, that kill innocent people all around the world.
It was an eye opener for many of the attendees to understand the realities their super has and having the power to change where their super gets invested.
Also addressed was Zakat and learning why paying your portion correctly is so important. Most unexpected was to learn that the Zakat payment was probably the most neglected of the Pillars due to the complexities and understanding what is what is considered as Zakat. The National Zakat Foundation have a useful online Zakat calculator that can help navigate your individual situation.
Finally we spoke about the essentials on writing your inheritance Will, from an Islamic perspective. The distribution of assets, the Australian legal considerations and making it binging in accordance to Australian law.
Again, we must pay homage to the people attending as the official runtime for the events was only supposed to be 2 hours maximum. However, buoyed by the enthusiastic vibe of the event, in both cases attendees and organisers stayed back for well over three hours..
The attendance and feedback showed that there is a hunger in the community for such events. Crescent Wealth is proud to have been able to bring such a reputable line up to speak on these extremely important issues.
As part of our commitment to further educate and pass on important information, we will endeavour to organise more events of such elk in the future, with the support of our partners.
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Talal currently serves as a Non-Executive Director on the Whitlam Institute and Western Sydney University Foundation Council Board. He also serves as Chairman of First Quay Capital and Chairman of the Australian Arab Dialogue. Talal has also served on the Australia Post, Board of Sydney Ports, Macquarie University and the Western Sydney Area Health Service and the Chairman of the Department of Foreign Affairs and Trade; Council of Australia Arab Relations. In an executive capacity, Talal spent 10 years at PwC as a director and strategist, and at investment firm Babcock & Brown in the Corporate Finance Group and later in the Technical Real Estate Division. Later Talal held leadership positions in Better Place Australia, Platinum Hearing and Star Transport Australia.